Evercore ISI Reaffirms Amphenol Corporation (APH) Outperform Rating Amid AI Data Center Demand

Amphenol Corporation (NYSE:APH) ranks among the best performing S&P 500 stocks in the last 10 years.

Amphenol Corporation (NYSE:APH) ranks among the best performing S&P 500 stocks in the last 10 years. On February 26, Evercore ISI reaffirmed its Outperform rating and $165 price target for Amphenol Corporation (NYSE:APH), noting that concerns about a shift away from copper are exaggerated, as Nvidia's upcoming Rubin platforms will continue to use copper for connections.

Amphenol's involvement in delivering these, in addition to AI-specific components, indicates that it will continue to outperform, with the possibility for further revenue growth from IT/Datacom.

Additionally, Amphenol Corporation (NYSE:APH) recorded record revenues of $6.44 billion in the fourth quarter of 2025, a 49% increase from the previous year. Given strong demand from AI-focused data centers, the IT/Datacom category, which accounts for 38% of overall revenue, expanded organically by 110%.

Notably, Amphenol's acquisition of CommScope's CCS division in January 2026 expanded its fiber-optic services and strengthened its high-speed copper services, positioning the company as a leading provider for AI clusters and large-scale data centers.

Amphenol Corporation (NYSE:APH) is a leading manufacturer of electronic and fiber optic connectors, cables, and interconnect systems. Its products serve industries like automotive, aerospace, defense, and industrials.