APH · Amphenol Q2 FY2026 earnings call record财报电话会记录

“Excluding the acquisition-related costs, but including the tariff recovery benefit, adjusted operating income and adjusted operating margin were $2.6 billion and 29.8%, respectively.”

“Breaking down second quarter results by segment compared to the second quarter of 2025, sales in the Communications Solutions segment were $5.4 billion and increased by 85% in U.S.”

“dollars and 22% organically, and segment operating margin was 30.1%.”

“dollars and 13% organically, and segment operating margin was 21%.”

“Operating cash flow in the second quarter was $1.6 billion, or 88% of net income, and free cash flow was $1.2 billion, or 68% of net income.”

“Indeed, we now expect CommScope to deliver $4.6 billion of sales and $0.30 of accretion for the full-year of 2026, and this represents a significant upgrade from our previous expectations of $4.1 billion and $0.15.”

“We remain committed to continuing to broaden our portfolio across markets, geographies, customers, applications, and products as we build on the company's momentum to further strengthen the company's position long into the future.”

“With the acquisition of El.Com Srl, we have further added to our value-add interconnect capabilities for European industrial customers.”

“While there are clearly areas of demand uncertainty around this industry, our team continues to remain laser-focused on driving new design wins with customers who are increasing the content of new electronics being integrated into their next-generation vehicles.”

“As we look into the third quarter, we anticipate sales to increase roughly in the 20% range compared to the second quarter as we participate in the beginnings of a variety of new program launches for our customers.”

“You're raising the revenue from $4.1 billion-$4.6 billion, but the EPS outlook is more than doubling.”

“Is it all operating leverage or is the gross margin profile of the business tracking better than what you had expected at least a couple of quarters ago when you had completed the acquisition?”