- News
10 July 2012
NeoPhotonics’ preliminary Q2 revenue estimate exceeding projections, rising 20% year-on-year
Based on preliminary financial estimates, NeoPhotonics Corp of San Jose, CA, a vertically integrated designer and manufacturer of both indium phosphide (InP) and silica-on-silicon photonic integrated circuit (PIC)-based modules and subsystems, expects revenue for second-quarter 2012 to exceed its previously stated revenue guidance of $55-61m, rising more than 20% from $52.1m a year ago (rather than the forecast 11%) to set a new revenue record. This would also be up significantly on last quarter’s $54.2m.
The acceleration of revenue growth was driven primarily by increased demand in a range of products for high-speed coherent networks, high-speed client applications and access networks.
NeoPhotonics will discuss its financial results in a regularly scheduled conference call in early August.
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