Mellanox Technologies (MLNX) Tops Q2 EPS by 16c, Offers Q3 and FY Guidance

Mellanox Technologies (NASDAQ: MLNX) reported Q2 EPS of $1.25, $0.16 better than the analyst estimate of $1.09. Revenue for the quarter came in at $268.5 million versus the consensus estimate of $263.72 million.

GUIDANCE:

Mellanox Technologies sees Q3 2018 revenue of $270-280 million, versus the consensus of $269.91 million.

• Non-GAAP gross margins of 68.5 percent to 69.5 percent
• Non-GAAP operating expenses of $122 million to $124 million
• Share-based compensation expense of $19.0 million to $19.5 million
• Non-GAAP diluted share count of 53.5 million to 54.0 million

Mellanox Technologies sees FY2018 revenue of $1.065-1.085 billion, versus the consensus of $1.06 billion.

• Non-GAAP gross margins of 68.5 percent to 69.5 percent
• Non-GAAP operating margin of 23.0 percent to 24.0 percent

For earnings history and earnings-related data on Mellanox Technologies (MLNX) click here.

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