Mellanox Technologies (MLNX) Tops Q3 EPS by 12c, Offers Q4 Guidance

Mellanox Technologies (NASDAQ: MLNX) reported Q3 EPS of $0.38, $0.12 better than the analyst estimate of $0.26. Revenue for the quarter came in at $120.7 million versus the consensus estimate of $116.1 million.

“We are pleased with our results for the third quarter. Demand from high-performance computing customers was strong which contributed to solid revenue growth from our FDR InfiniBand solutions. Revenue from our Ethernet solutions also increased in the quarter,” said Eyal Waldman, president and CEO of Mellanox Technologies. “The transition from 10 Gigabit Ethernet to 40 Gigabit Ethernet is happening now with our Web 2.0 and cloud customers. We expect to ship hundreds of thousands of 40 Gigabit Ethernet adapters in the fourth quarter to these markets. This transition is driven by the growth of data producing and consuming applications. We expect this transition to accelerate in 2015 and beyond.”

Mellanox Technologies sees Q4 2014 revenue of $133-137 million, versus the consensus of $130 million. It sees non-GAAP gross margins of 69 percent to 70 percent.

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

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