Amphenol Corporation stock research
FY2024 Q2
Amphenol (APH) Gross Margin — Quarter Ended Jun 30, 2024
Revenue and cost of revenue both increased from the prior quarter and the same quarter last year, leading to higher gross profit. Gross margin improved as the proportion of revenue retained after cost of revenue increased.
Gross margin takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue and cost of revenue both increased from the prior quarter and the same quarter last year, leading to higher gross profit. Gross margin improved as the proportion of revenue retained after cost of revenue increased.
- The strongest observable margin driver is the increase in gross profit relative to the increase in revenue, as cost of revenue grew at a slower rate.
- Compared to the prior quarter, revenue and cost of revenue were higher, and gross margin slightly improved. Relative to the same quarter one year ago, all metrics were higher, with a more notable improvement in gross margin.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.6%
Gross profit
$1.2B
Revenue
$3.6B
Cost of revenue
$2.4B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
+1.1 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 |
|---|---|---|---|---|
| Sep 30, 2023 | $3.2B | $1.0B | $2.2B | 32.8% |
| Dec 31, 2023 | $3.3B | $1.1B | $2.2B | 33.1% |
| Mar 31, 2024 | $3.3B | $1.1B | $2.2B | 33.4% |
| Jun 30, 2024 | $3.6B | $1.2B | $2.4B | 33.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2024
+0.2 pts
Year-over-year change
Jun 30, 2023
+1.1 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The strongest observable margin driver is the increase in gross profit relative to the increase in revenue, as cost of revenue grew at a slower rate.
Compared to the prior quarter, revenue and cost of revenue were higher, and gross margin slightly improved. Relative to the same quarter one year ago, all metrics were higher, with a more notable improvement in gross margin.
Monitor inventory levels, which increased from the end of the prior fiscal year, as they may influence future cost of revenue.