Summit Research Raises Price Target to $31 After Inphi Corp. (IPHI) reports 3Q Results
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Inphi Corporation Announces Third Quarter 2015 Results
October 27, 2015 4:05 PM EDTSANTA CLARA, CA -- (Marketwired) -- 10/27/15 -- Inphi Corporation (NYSE: IPHI), a leading provider of high-speed analog and mixed-signal semiconductor solutions for the communications, data center and computing markets, today announced the financial results for its third quarter ended September 30, 2015.
Revenue in the third quarter of 2015 was a record $62.4 million, up 2.8% sequentially from $60.7 million reported in the second quarter of 2015 and up 72% year-over-year, compared with $36.3 million in the third quarter of 2014.
Gross margin under U.S. generally accepted accounting principles (GAAP) in the third quarter of 2015 was 62.1% of revenue, compared with... More
