Amphenol Corporation stock research
FY2024 Q3
Amphenol (APH) Gross Margin — Quarter Ended Sep 30, 2024
In the current quarter, revenue, gross profit, and cost of revenue each increased compared to both the previous quarter and the same quarter a year ago. The gross margin was stable relative to the previous quarter and improved relative to the same quarter last year.
Gross margin takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
In the current quarter, revenue, gross profit, and cost of revenue each increased compared to both the previous quarter and the same quarter a year ago. The gross margin was stable relative to the previous quarter and improved relative to the same quarter last year.
- The gross margin remained unchanged from the previous quarter and increased from the same quarter a year ago, reflecting a proportional relationship between cost of revenue and revenue growth in the near term and a more favorable relationship over the year.
- Compared to the previous quarter, the gross margin was stable. Compared to the same quarter a year ago, the gross margin was higher.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
33.6%
Gross profit
$1.4B
Revenue
$4.0B
Cost of revenue
$2.7B
Quarter-over-quarter change
-0.0 pts
Year-over-year change
+0.8 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 |
|---|---|---|---|---|
| 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% |
| Sep 30, 2024 | $4.0B | $1.4B | $2.7B | 33.6% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Jun 30, 2024
-0.0 pts
Year-over-year change
Sep 30, 2023
+0.8 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin remained unchanged from the previous quarter and increased from the same quarter a year ago, reflecting a proportional relationship between cost of revenue and revenue growth in the near term and a more favorable relationship over the year.
Compared to the previous quarter, the gross margin was stable. Compared to the same quarter a year ago, the gross margin was higher.
Monitor the trajectory of gross margin relative to revenue growth, particularly whether cost of revenue continues to grow at a similar pace.