News: Optoelectronics
19 April 2021
Emcore expecting quarterly revenue of $38.4m, above $34-36m guidance
According to preliminary financial results for its fiscal second-quarter 2021 (ended 31 March), Emcore Corp of Alhambra, CA, USA – which provides mixed-signal products for the aerospace & defense and broadband communications markets – says that it expects revenue to be about $38.4m, above the guidance range of $34-36m it gave in early February.
“Our Broadband business achieved better-than-forecasted shipments due to improved CATV production output across multiple facilities during the quarter,” says president & CEO Jeff Rittichier. “MSOs [multi-service operators] continue to invest in their networks to break bottlenecks caused by the bandwidth demands of businesses and their need for remote operations.”
Emcore expects to provide final financial results for fiscal Q2 during the week of 3 May.
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