Emcore raises quarterly revenue guidance from $21-$23m to $24.2-25.2m

Emcore Corp of Alhambra, CA, USA – which provides indium phosphide (InP)-based optical chips, components, subsystems and systems for the broadband and specialty fiber-optics markets – has announced preliminary revenue for fiscal fourth-quarter 2018 (to end September) of $24.2-25.2m, up on its prior guidance of $21-$23m.

Principal factors contributing to the higher-than-expected revenue include:

higher L-EML (linear externally modulated laser) transmitter sales;
completion of a long-term agreement with a major defense prime contractor (resulting in higher Navigation product shipments).

“We saw a sharper rebound in CATV sales during the quarter than anticipated along with strength in our Navigation business,” says president & CEO Jeffrey Rittichier. “We shipped record volumes of L-EML transmitters in Q4, including production shipments of all of the L-EML design wins that we recently announced,” he adds.

The preliminary unaudited results are based on the most current information available to management following its initial review of operations for the quarter to end-September, and remain subject to completion of Emcore’s customary closing procedures, including external auditor review.

See related items:

Emcore’s inventory correction from main CATV customer offset by revenue growth from other customers in Q2

Emcore’s quarterly revenue falls 22% after larger-than-expected inventory correction from main broadband CATV customer

Emcore lowers quarterly revenue forecast from $21-23m to $18-19m

Emcore’s quarterly revenue down 17.6% while awaiting qualification of L-EML RFoG micro-nodes

Emcore’s quarterly revenue suppressed by vendor-managed-inventory deferral

Tags: Emcore InP

Visit: www.emcore.com