29 June 2015

GigOptix raises revenue guidance by 5% to $9.8m for Q2

GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) has raised its revenue guidance for second-quarter 2015 by 5%, from the $9.3-9.5m provided on 27 April (up 3-5% on $9.1m last quarter and up 16-18% on $8m a year ago) to about $9.8m (up 8% sequentially and 22% year-on-year).

Continued robust demand in the firm's High Speed Communications product line - primarily for its QSFP+ drivers and trans-impedance amplifiers (TIAs) for data-center active optical cables (AOC) and transceivers, and the linear-coherent 100Gbps and 200Gbps drivers for use in long-haul and metro telecom applications, as well as new business opportunities in the Industrial product line – has resulted in the higher than initially forecasted revenue.

Based on these preliminary revenue results for second-quarter 2015, along with continued healthy margin performance and tight expense controls, GigOptix also believes that it will achieve positive GAAP net income and record non-GAAP profitability.

In addition, as a result of the better than initially forecasted revenue performance for first-half 2015 (up 22% year-on-year) and the current continuous strong growth outlook for both the third quarter and the remainder of 2015, GigOptix has raised its revenue forecast for full-year 2015 by 4% (from the previously announced guidance midpoint of $37.5m) to at least $39m (up 19% on $32.9m for 2014).

See related items:

GigOptix reports record income in Q1

Tags: GigOptix

Visit: www.gigoptix.com