Amphenol Corporation stock research
FY2025 Q1
Amphenol (APH) Gross Margin — Quarter Ended Mar 31, 2025
Revenue and cost of revenue both increased, resulting in higher gross profit. Gross margin was slightly lower than the prior quarter but higher than the same quarter a year earlier.
Gross margin takeaway
Quarter ended Mar 31, 2025 · FY2025 Q1
Revenue and cost of revenue both increased, resulting in higher gross profit. Gross margin was slightly lower than the prior quarter but higher than the same quarter a year earlier.
- The year-over-year gross margin expansion is the most notable change, as it represents a sustained improvement from the prior year period.
- Compared to the preceding quarter, gross margin weakened modestly. Compared to the same quarter one year earlier, gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
34.2%
Gross profit
$1.6B
Revenue
$4.8B
Cost of revenue
$3.2B
Quarter-over-quarter change
-0.1 pts
Year-over-year change
+0.7 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 |
|---|---|---|---|---|
| Jun 30, 2024 | $3.6B | $1.2B | $2.4B | 33.6% |
| Sep 30, 2024 | $4.0B | $1.4B | $2.7B | 33.6% |
| Dec 31, 2024 | $4.3B | $1.5B | $2.8B | 34.3% |
| Mar 31, 2025 | $4.8B | $1.6B | $3.2B | 34.2% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Dec 31, 2024
-0.1 pts
Year-over-year change
Mar 31, 2024
+0.7 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The year-over-year gross margin expansion is the most notable change, as it represents a sustained improvement from the prior year period.
Compared to the preceding quarter, gross margin weakened modestly. Compared to the same quarter one year earlier, gross margin improved.
Monitor whether the slight sequential decline in gross margin persists in future quarters, as it could signal a shift in the relationship between revenue and cost of revenue.