Amphenol Corporation stock research
FY2023 Q1
Amphenol (APH) Gross Margin — Quarter Ended Mar 31, 2023
Gross profit is revenue less cost of revenue, and gross margin expresses that profit as a percentage of revenue. This quarter, revenue was unchanged from a year ago but lower than the prior quarter, while gross profit increased year-over-year and decreased sequentially, resulting in a gross margin that improved slightly from the same quarter last year but weakened marginally from the preceding quarter.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Gross profit is revenue less cost of revenue, and gross margin expresses that profit as a percentage of revenue. This quarter, revenue was unchanged from a year ago but lower than the prior quarter, while gross profit increased year-over-year and decreased sequentially, resulting in a gross margin that improved slightly from the same quarter last year but weakened marginally from the preceding quarter.
- The strongest observable margin driver is the year-over-year gross margin improvement achieved on flat revenue, indicating a modest reduction in cost of revenue relative to gross profit.
- Compared to the prior quarter, revenue and cost of revenue both decreased, while gross profit declined slightly, leading to a marginally weaker gross margin. Compared to the same quarter last year, revenue was stable, cost of revenue was unchanged, but gross profit increased, resulting in a higher gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
31.7%
Gross profit
$943.4M
Revenue
$3.0B
Cost of revenue
$2.0B
Quarter-over-quarter change
n/a
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $3.0B | $943.4M | $2.0B | 31.7% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2022
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the year-over-year gross margin improvement achieved on flat revenue, indicating a modest reduction in cost of revenue relative to gross profit.
Compared to the prior quarter, revenue and cost of revenue both decreased, while gross profit declined slightly, leading to a marginally weaker gross margin. Compared to the same quarter last year, revenue was stable, cost of revenue was unchanged, but gross profit increased, resulting in a higher gross margin.
Monitor inventory levels, which increased slightly from the prior quarter, as inventories are a component of cost of revenue.