5 January 2015

GigOptix raises guidance for Q4/2014 revenue; highest since Q3/2012

GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) says that it expects revenue for fourth-quarter 2014 to be about $9m, up 6% on $8.5m in Q3/2014 and 15% on $7.8m a year ago (and exceeding the guidance range of $8.5-8.8m provided on 27 October). This is also the firm’s highest revenue since third-quarter 2012.

The primary reasons for the higher revenue are continued robust demand in GigOptix’s datacom and industrial businesses, as well as stable telecom demand.

In addition, based on the preliminary Q4 revenue outlook, GigOptix expects revenue for full-year 2014 to be about $33m, up 14% on 2013’s $28.9m.

GigOptix cautions that its anticipated revenue results are preliminary (based on the best information currently available) and are subject to completion of the financial statements for fourth-quarter and full-year 2014. The firm will report full results on 9 February.

See related items:

GigOptix’s revenue rises 6% in Q3, driven by telecoms growth of 49%

Tags: GigOptix

Visit: www.gigoptix.com