BofA raises target for Amphenol stock to USD 104.00
π Bank of America raised its price target for Amphenol Corp. from USD 99.00 to USD 104.00 while maintaining a Buy rating.
π° Second-quarter 2026 revenue surged to USD 8.76 billion, marking a 55% year-over-year increase.
π Adjusted diluted earnings per share reached USD 1.35, surpassing the analyst consensus of USD 1.16.
π€ Amphenol completed the acquisition of Wilder Technologies, adding approximately USD 15.00 million in annual sales.
π Ryan Fisher was named the new president of the Harsh Environment Solutions division starting January 2027.
π The company is preparing to report third-quarter results on October 28, 2026.
Bullish Signals
- Bank of America raised its price target for Amphenol Corp. from USD 99.00 to USD 104.00 and maintained a Buy rating.
- Second-quarter revenue grew 55% year over year to reach USD 8.76 billion, demonstrating strong top-line growth.
- Adjusted diluted earnings per share of USD 1.35 significantly beat the consensus estimate of USD 1.16.
- Total orders reached USD 10.70 billion in the second quarter, signaling robust order book health.
- The acquisition of Wilder Technologies is expected to contribute approximately USD 15.00 million in annual sales.
Full Analysis
Bank of America raised its price target for Amphenol Corp. (APH) from USD 99.00 to USD 104.00 on October 13, 2026, maintaining its Buy rating. The analyst firm anticipates continued strong performance in the upcoming third quarter, citing recent robust financial results as a backdrop for further growth expectations.
Amphenol reported exceptional second-quarter 2026 revenue of USD 8.76 billion, representing a 55% year-over-year increase from USD 5.65 billion. The company also delivered adjusted diluted earnings per share of USD 1.35, which significantly beat the consensus estimate of USD 1.16. Additionally, total orders reached USD 10.70 billion, indicating strong demand for the company's electronic components.
The company recently completed the acquisition of Wilder Technologies on June 30, 2026, a deal expected to contribute approximately USD 15.00 million in annual sales. Furthermore, Amphenol announced a leadership transition within its Harsh Environment Solutions division, with Ryan Fisher set to succeed Luc Walter as president effective January 1, 2027.