Inphi Corp. (IPHI) Tops Q2 EPS by 2c, Revenues Beat; Offers 3Q EPS Outlook
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Inphi Corporation Announces Second Quarter 2018 Results
July 24, 2018 4:10 PM EDTSANTA CLARA, Calif., July 24, 2018 (GLOBE NEWSWIRE) -- Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, today announced financial results for its second quarter ended June 30, 2018.
GAAP Results
Revenue in the second quarter of 2018 was $69.8 million on U.S. generally accepted accounting principles (GAAP) basis, down 17% year-over-year, compared with $84.4 million in the second quarter of 2017. Â The year over year decrease was due to lower demand for long haul and metro as well as Cortina legacy products. However, the long haul and metro product revenue grew substantially from... More
