11 May 2010


Opnext grows margin despite drop in sales

For its fiscal fourth-quarter 2010 (to end March), optical module and component maker Opnext Inc of Eatontown, NJ, USA has reported revenue of $76.8m, up slightly on $76.1m last quarter but down 8% on $83.6m a year ago. This is also down on its guidance of $78-83m, due mainly to component supply shortages resulting in shipment delays of 10G and below products.

Compared to last quarter, revenue for 10G and below products fell 11% from $55.1m to $48.9m. However, revenue from 40G and above products rose 30% from $16.8m to $21.8m, and revenue from industrial & commercial products rose 45% from $5.4m to $6.1m.

Excluding amortization of acquired product technology and purchased intangibles as well as stock-based compensation and employee liquidity bonus plan expenses, non-GAAP gross margin has risen from 13.5% a year ago and 18.7% last quarter to 20.9%.

Full fiscal fourth-quarter 2010 results will be released on 19 May.

See related items:

Opnext revenue falls a further 6% quarter-to-quarter

Opnext’s revenues depressed by 40G slowdown in US

Opnext halves underlying losses as demand stabilizes

Opnext’s 40Gb/s spike compensates for 10Gb/s inventory burn-off

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