On July 31, Amphenol rose 3.71% in regular trading, trading at $163.61/share, with turnover of $165 million. The stock continued its post-earnings rally driven by a strong Q2 report and successive analyst upgrades.

Amphenol reported Q2 adjusted EPS of $1.35, beating the consensus estimate of $1.18 by 14.4%, while revenue of $8.76 billion exceeded the $8.26 billion expectation. More notably, Q3 guidance significantly surpassed market consensus, with projected adjusted EPS of $1.40-$1.42 versus the $1.27 estimate, and revenue of $9.3-$9.4 billion versus the $8.67 billion expectation.

On the analyst front, Truist raised its price target from $200 to $215 on July 30 maintaining a Buy rating, following earlier upgrades from JPMorgan to $215 and Barclays to $198, both maintaining Overweight. The electronic components sector also provided tailwinds, with Coherent up 8.21% and Corning up 5.44%.

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