Amphenol Surges on AI Demand; Ampol Sees Earnings Drop

Amphenol posted record Q2 2025 results with revenue climbing 57% year-over-year to $5.65 billion and adjusted EPS surging 84% to $0.81, both exceeding expectations and company guidance. Growth was propelled by elevated demand in the IT datacom segment, fueled by AI and data center investments, alongside innovation in high-speed and fiber optic connectors and recent acquisitions. The company's operating margin reached an all-time high of 25.6%. Amphenol projects third-quarter sales of $5.4–$5.5 billion, representing a 34%–36% year-over-year increase, and adjusted EPS of $0.77–$0.79. Meanwhile, Australia's Ampol Ltd forecast a decline in first-half earnings due to supply chain disruptions and weaker refining margins at its Lytton refinery, though its convenience retail and New Zealand businesses remained resilient. Ampol's shares rose as oil prices stabilized.