NYSE$APH
Amphenol Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Amphenol's first quarter 2023 results were reported, demonstrating sales and adjusted diluted EPS exceeding guidance, driven by growth in various markets and strategic acquisitions, despite challenges in communications-related sectors.
Amphenol reported a 1% increase in sales to $2.974 billion and a 4% increase in GAAP diluted EPS to $0.71 for Q1 2023. The company's performance was driven by strong growth in several markets, including commercial air, broadband communications, military, industrial, and automotive, along with contributions from acquisitions, offsetting declines in IT datacom, mobile networks, and mobile devices markets.
- Sales reached $2.974 billion, a 1% increase year-over-year and organically.
- GAAP Diluted EPS increased by 4% to $0.71 compared to the previous year.
- Adjusted Diluted EPS was up 3% year-over-year, reaching $0.69.
- Operating and Free Cash Flow stood at $532 million and $436 million, respectively.
Headline financials
Revenue & EPS history
Amphenol · Revenue · Quarterly
$2.97B
Revenue by segment
Amphenol · $2.97B total across 3 segments · Q1 2023
- Communications Solutions$1.13B-14.7%37.9%
- Interconnect and Sensors$993M+9.8%33.4%
- Harsh Environment Solutions$854M+17.4%28.7%
Forward guidance
For the second quarter of 2023, Amphenol expects sales to be in the range of $2.890 billion to $2.950 billion, representing a 6% to 8% decline over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68, representing a 9% to 12% decline over the second quarter of 2022.
Tailwinds
- Assuming market conditions do not meaningfully worsen.
- Assuming constant exchange rates.
- Sales expected to be in the range of $2.890 billion to $2.950 billion.
- Adjusted Diluted EPS is expected to be in the range of $0.66 to $0.68.
- The revolution in electronics continues to accelerate, creating exciting and dynamic long-term growth opportunities.
Headwinds
- The current economic environment remains uncertain.
- There continues to be a significant moderation in the communications-related markets.
- Customer demand expected to again be reduced from prior year.
- Sales represent a 6% to 8% decline over the prior year quarter.
- Adjusted Diluted EPS represents a 9% to 12% decline over the second quarter of 2022.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.8%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+4.3%
Avg return
30 days after
55%
40 / 73 earnings
Positive
+15.0%
Q2 2012
Best reaction
-11.1%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -1.9% | +3.3% | |
| Q4 2025 | -11.1% | -12.8% | -12.1% | |
| Q3 2025 | +3.6% | +9.2% | +5.8% | |
| Q2 2025 | +0.5% | +1.0% | +4.7% | |
| Q1 2025 | +8.2% | +15.4% | +30.1% | |
| Q4 2024 | +7.0% | -7.2% | -7.1% | |
| Q3 2024 | +4.4% | +2.7% | +11.1% | |
| Q2 2024 | -6.8% | -4.3% | +1.6% | |
| Q1 2024 | +4.2% | +6.9% | +19.2% | |
| Q4 2023 | +2.9% | +3.6% | +9.7% | |
| Q3 2023 | +1.2% | +0.9% | +14.0% | |
| Q2 2023 | +5.3% | +4.7% | +2.4% | |
| Q1 2023 | -0.1% | +2.1% | +2.3% | |
| Q4 2022 | -1.3% | -1.4% | -3.7% | |
| Q3 2022 | +1.6% | +4.2% | +10.4% | |
| Q2 2022 | +10.3% | +10.1% | +8.5% | |
| Q1 2022 | +7.3% | +4.4% | +4.1% | |
| Q4 2021 | -1.3% | +4.7% | +1.1% | |
| Q3 2021 | -2.7% | -2.3% | +3.6% | |
| Q2 2021 | +2.2% | +3.3% | +9.0% | |
| Q1 2021 | +0.6% | -2.9% | -1.5% | |
| Q4 2020 | -2.5% | -3.4% | -3.3% | |
| Q3 2020 | +3.4% | +1.6% | +11.2% | |
| Q2 2020 | +3.4% | +4.0% | +6.0% | |
| Q1 2020 | +9.2% | +13.8% | +18.0% | |
| Q4 2019 | -1.8% | -5.2% | -6.0% | |
| Q3 2019 | +2.7% | +2.1% | +2.7% | |
| Q2 2019 | -4.6% | -2.5% | -13.2% | |
| Q1 2019 | -4.5% | -6.1% | -15.1% | |
| Q4 2018 | +5.0% | +5.6% | +16.2% | |
| Q3 2018 | +4.0% | +3.3% | +2.7% | |
| Q2 2018 | +7.5% | +3.8% | +5.3% | |
| Q1 2018 | +1.3% | +1.1% | +5.4% | |
| Q4 2017 | -0.7% | +0.3% | -1.1% | |
| Q3 2017 | -1.3% | -1.0% | +4.9% | |
| Q2 2017 | +0.0% | +1.0% | +5.2% | |
| Q1 2017 | +0.8% | -0.4% | +3.6% | |
| Q4 2016 | -3.1% | -2.6% | +2.1% | |
| Q3 2016 | +5.1% | +4.4% | +7.6% | |
| Q2 2016 | +1.2% | +0.2% | +4.5% | |
| Q1 2016 | -2.5% | — | — | |
| Q4 2015 | +5.2% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | +4.1% | — | — | |
| Q1 2015 | -2.5% | — | — | |
| Q4 2014 | +4.6% | — | — | |
| Q3 2014 | -3.4% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | -2.8% | — | — | |
| Q3 2013 | +4.1% | — | — | |
| Q2 2013 | -9.2% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q2 2012 | +15.0% | — | — | |
| Q1 2012 | +2.2% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | -5.5% | — | — | |
| Q1 2011 | -5.2% | — | — | |
| Q4 2010 | -1.1% | — | — | |
| Q3 2010 | -0.9% | — | — | |
| Q2 2010 | +0.9% | — | — | |
| Q1 2009 | -3.6% | — | — | |
| Q1 2010 | +0.4% | — | — | |
| Q4 2009 | -0.4% | — | — | |
| Q4 2007 | -0.4% | — | — | |
| Q3 2009 | +0.8% | — | — | |
| Q3 2008 | +0.8% | — | — | |
| Q2 2009 | +0.0% | — | — | |
| Q2 2008 | +0.0% | — | — | |
| Q4 2008 | +0.0% | — | — |
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