Amphenol (APH) Tops Q1 Estimates as Flex (FLEX) Leads Electronics Manufacturing Peers

Amphenol (APH) reported first-quarter revenue of $7.62 billion, up 58.4% from a year earlier and 7% above analyst estimates, leading revenue growth among 10 tracked electronic components and manufacturing companies. The group posted a strong quarter, with revenue exceeding consensus estimates by an average of 3.8%, while next-quarter revenue guidance was broadly in line. Shares across the peer group have risen 14.6% on average since reporting, though Amphenol has fallen 10.3% to $128.85. Flex (FLEX) delivered the largest consensus beat, with revenue of $7.48 billion, up 16.9% and 7.5% above estimates. Its shares have gained 48% to $142.75. TTM Technologies (TTMI) rose 13.1% after revenue climbed 30.4% to $846 million, beating estimates by 6.9%. Coherent (COHR) fell 3% despite revenue rising 20.5% to $1.81 billion, while CTS (CTS) gained 14% after revenue increased 10.7% to $139.2 million.