Inphi Corp. (IPHI) Tops Q4 EPS by 3c; Provides Q1 EPS/Revenue Outlook

Inphi Corp. (NYSE: IPHI) reported Q4 EPS of $0.45, $0.03 better than the analyst estimate of $0.42. Revenue for the quarter came in at $86.5 million versus the consensus estimate of $86.54 million.

“Like others in the industry, we have been anticipating a seasonally down Q1 ‘19 to be followed by strong growth in the latter half of the 2019 calendar year,” said Ford Tamer, Inphi’s President and CEO. “Our business grew 11% sequentially in Q4, making it the third quarter in a row of double-digit revenue growth. Our solid performance was driven by the production ramp of PAM technology for 200G and 400G optical communication, which is just beginning with US cloud customers. Furthermore, the 23.7% non-GAAP income from operations in Q4 2018, and the resulting 3 cents non-GAAP EPS beat, serve to validate our business model.”

GUIDANCE:

Inphi Corp. sees Q1 2019 EPS of $0.27-$0.29, versus the consensus of $0.28. Inphi Corp. sees Q1 2019 revenue of $80-82 million, versus the consensus of $81.6 million.

For earnings history and earnings-related data on Inphi Corp. (IPHI) click here.

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