Management remarks
Call period: 2026 Q2 · 2026-07-29
Guidance: Richard Adam Norwitt: For the third quarter, we now expect sales in the range of $9.3 billion to $9.4 billion and adjusted diluted EPS in the range of $1.40 to $1.42.Demand and orders: Richard Adam Norwitt: The company booked a record $10.7 billion in orders in the second quarter representing a book-to-bill of 1.23 to 1 Orders grew by a very strong 94% from prior year and were up 14% sequentially.Margins: Richard Adam Norwitt: Also very pleased to have delivered record adjusted operating margins of 29.8% in the quarter, which was an increase of 24 basis points from prior year and 250 basis points sequentially. Excluding the benefit of net tariff refunds, our operating margins still reached nearly 29%.Analyst Q&A
Analyst Amit Daryanani asked: Adam, I think investors often sort of frame that AI interconnect opportunity as a copper versus fiber debate or a copper or fiber debate sometimes. You know, from your side, is that sort of the right way to think about the market? Management Richard Adam Norwitt answered: And there is no doubt about it that we see that reflected actually in the growth rates that we are experiencing today. Mean, if you look at our IT datacom overall growth, organically growing 63% in the quarter, You know, the AI is growing faster than that, and I mentioned that CommScope nearly doubled their AI business on a year-over-year basis. And we expect the IT datacom market to be you know, just under half of CommScope's total. And everything that CommScope does in IT datacom is really around AI and around optics.管理层陈述
电话会期间：2026 Q2 · 2026-07-29
指引：理查德·亚当·诺威特表示：我们目前预计第三季度销售额区间为93亿至94亿美元，调整后摊薄每股收益区间为1.40至1.42美元。需求与订单：理查德·亚当·诺威特表示：公司第二季度订单额达创纪录的107亿美元，订单出货比为1.23比1，同比大幅增长94%，环比增长14%。利润率：理查德·亚当·诺威特表示：我们非常高兴本季度调整后营业利润率达29.8%的创纪录水平，同比增加24个基点，环比增加250个基点。若扣除关税净退款收益，我们的营业利润率仍接近29%。分析师问答
分析师阿米特·达里亚纳尼提问：亚当，我认为投资者常将AI互连机遇视作铜与光纤的争论，有时甚至是“铜或光纤”二选一的讨论，从贵方角度看，这种思路是否正确？管理层理查德·亚当·诺威特回应：毫无疑问，这体现在我们当前的增长率中。本季度IT数据通信业务整体有机增长63%，AI业务增速更快，我此前提到CommScope的AI业务同比几乎翻番。我们预计IT数据通信市场将占到CommScope总业务的近一半，This earnings research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报研究基于公司业绩公告、监管文件、财务报表，以及财报电话会议记录或官方回放整理。内容仅供参考，不构成投资建议。
