Amphenol Corporation stock research
FY2023 Q4
Amphenol (APH) Gross Margin — Quarter Ended Dec 31, 2023
Revenue increased while cost of revenue remained stable, resulting in higher gross profit and an improved gross margin. Compared to both the prior quarter and the same quarter one year earlier, gross margin was higher.
Gross margin takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue increased while cost of revenue remained stable, resulting in higher gross profit and an improved gross margin. Compared to both the prior quarter and the same quarter one year earlier, gross margin was higher.
- The strongest observable driver was the growth in revenue combined with stable cost of revenue, which expanded gross profit faster than revenue.
- Gross margin in the current quarter was higher than both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.1%
Gross profit
$1.1B
Revenue
$3.3B
Cost of revenue
$2.2B
Quarter-over-quarter change
+0.3 pts
Year-over-year change
+1.0 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% |
| Jun 30, 2023 | $3.1B | $991.7M | $2.1B | 32.5% |
| Sep 30, 2023 | $3.2B | $1.0B | $2.2B | 32.8% |
| Dec 31, 2023 | $3.3B | $1.1B | $2.2B | 33.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Sep 30, 2023
+0.3 pts
Year-over-year change
Dec 31, 2022
+1.0 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable driver was the growth in revenue combined with stable cost of revenue, which expanded gross profit faster than revenue.
Gross margin in the current quarter was higher than both the immediately preceding quarter and the same quarter one year earlier.
Monitor the trend of cost of revenue relative to revenue, as its stability has been a key factor in margin improvement.