GigOptix raises revenue guidance by 5% to $9.8m for Q2, 2015

Created July 17, 2015
News and Business

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 to about $9.8m, up 8% sequentially and 22% year-on-year.

Continued demand in the firm’s High Speed Communications product line – primarily for its QSFP+ drivers and trans-impedance amplifiers for data-center active optical cables and transceivers, and the linear-coherent 100G and 200G 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 forecast 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 Also: Gigoptix Official Press Release

Matthew Peach

This article was written
by Matthew Peach

Matthew Peach is a freelance technology journalist specialising in photonics and communications. He has previously worked for several business-to-business publishers, editing a range of high-tech magazines and websites.