10 April 2018

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

© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.

In preliminary, unaudited financial results for fiscal second-quarter 2018 (to end-March), 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 lowered its revenue guidance from $21-23m to $18-19m.

This would be down 22.9% on $24m last quarter and 43% on $32.6m a year ago.

The main contributory factors include:

• A greater-than-expected impact of a major cable TV (CATV) customer working through a large inventory accumulation, resulting in lower-than-expected revenue from the customer.
• Although other CATV customers showed strong demand, some of the orders were received too late to ship before the end of fiscal Q2.

“CATV experienced significant demand shortfall from one major customer but saw bright spots in terms of LEML [linear externally modulated laser] adoption and strength from our other customers,” says president & CEO Jeffrey Rittichier. “During the quarter, our Chip and Navigation businesses performed well and demonstrated the expected strength in demand.”

See related items:

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

Emcore’s quarterly revenue up 38% year-on-year to $31m as DOCSIS 3.1 growth continues

Emcore’s quarterly revenue grows by 8% to $32.6m, driven by greater-than-seasonal CATV sales

Tags: Emcore InP

Visit: www.emcore.com