Amphenol Poised for Strong Q3 on AI Infrastructure Demand, BofA Says

11:13 AM EDT, 10/13/2026 (MT Newswires) -- Amphenol (APH) is expected to post strong Q3 earnings on artificial intelligence demand and healthy end markets, BofA Securities said in a note Tuesday. The company is scheduled to report the results on Oct. 28. Amphenol is well positioned to benefit from continued AI infrastructure investments across both GPU-based and custom-accelerator systems, the analysts said, adding that they believe concerns about copper competing with optical connectivity are manageable. "Beyond AI, we expect most end markets to remain healthy and see continued room for upward estimates revision," the analysts added. The analysts expect Q3 revenue and earnings per share of $9.62 billion and $0.73, above consensus estimates of $9.45 billion and $0.72, and the high end of company guidance. For Q4, they forecast revenue of $9.9 billion and EPS of $0.79, above consensus estimates of $9.7 billion and $0.76. The analysts also raised their full-year 2026 revenue and EPS forecasts to $35.9 billion and $2.70, from $35.4 billion and $2.66, respectively. BofA raised its price target on Amphenol to $104 from $99 and reiterated its buy rating. Price: 84.58, Change: -1.61, Percent Change: -1.87