On July 27, Amphenol fell 3.23% in regular trading, trading at 147.55 USD/share, with turnover of $132 million.
On the news front, the Electronic Components sector came under sustained selling pressure, with peers Coherent down 9.07%, Vishay Intertechnology down 8.41%, Corning down 6.91%, Knowles down 4.02%, and Littelfuse down 3.82%, forming a systematic sector-wide pullback that weighed heavily on individual names including Amphenol.
Adding to the cautious tone, the company is set to report fiscal Q2 earnings on July 29 before market open, with consensus expectations of EPS at $1.19 and revenue of approximately $8.239 billion, representing 63.63% year-over-year growth. Pre-earnings wait-and-see sentiment amplified selling pressure. Despite Evercore maintaining an Outperform rating with a $180 target price and the company recently announcing a 5% price increase on select connector products, the broad sector downdraft dominated near-term price action.
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