Amphenol’s upbeat revenue growth forecast fails to impress investors

Electronic gear maker Amphenol on Wednesday forecast revenue growth ‍for the first quarter that beat Wall Street expectations, but this was ⁠not enough to cheer investors who sent the stock more than 12% down.

The maker of fiber-optic connectors and cables used in data centers has been a ‌big beneficiary ‌of Big Tech’s push to build infrastructure to run artificial intelligence models. The stock has ‌nearly doubled in value last year and has made a strong start to 2026 with a 23% gain in January.