20 October 2020
Emcore’s September-quarter revenue to exceed guidance
In preliminary financial results for its fiscal fourth-quarter 2020 (to end-September), Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense and broadband communications markets – says that it expects revenue of about $33.5m, exceeding its guidance range (given in mid-August) of $29-31m.
“MSOs [multi-service operators] ramped up their investments to break network bottlenecks, driving greater-than-anticipated growth in our Broadband business. L-EML [linear externally modulated laser] transmitter shipments were particularly strong, demonstrating the unique value of this product,” notes president & CEO Jeff Rittichier. “Revenue for QMEMS [quartz micro-electro-mechanical system] and Defense Optoelectronic products within our Aerospace & Defense segment also exceeded our expectations,” he adds. “Looking ahead, we see the robust order book for our cable TV products extending through the March 2021 quarter.”
Emcore expects to provide final financial results for its fiscal fourth-quarter 2020 during the week of 30 November.