Amphenol forecasts upbeat quarterly results on AI data center demand

April 29 (Reuters) - Electronic ‌gear maker ​Amphenol ​forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on enterprise ‌spending for its components used in ⁠artificial intelligence data centers.

Shares of the company, which provides ‌interconnect, sensor and antenna ‌solutions for end markets such as automotive, commercial aerospace, defense, industrial and data communications ​jumped 9.5% in premarket trading.

• Demand for Amphenol's connectors and sensor systems has ⁠surged as tech companies aggressively build out data center infrastructure ​needed to support generative AI workloads.

• The company has continued to expand its ​technology portfolio through acquisitions, ‌including its $10.5 billion purchase of CommScope's Connectivity and Cable Solutions business in ⁠January, which significantly strengthened Amphenol's capabilities in fiber-optic and data-center connectivity products.

• Amphenol forecast revenue in ⁠the range of $8.1 billion to $8.2 billion for the quarter ​ending June 30, compared with analysts' average estimate of $7.69 billion, according to data compiled by LSEG.

• It ‌reported revenue of $7.62 billion for the quarter ended March 31, beating ‌estimates of $7.09 billion. Adjusted profit came in ⁠at $1.06 per share, exceeding ‌estimates of 94 ​cents.

(Reporting by Anhata Rooprai and Kritika Lamba in Bengaluru; Editing by Diti ‌Pujara)

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