Inphi Corp. (IPHI) Tops Q4 EPS by 2c, Offers Q1 Guidance

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Inphi Corporation Delivers Record Revenue and Earnings in Q4 2019

February 4, 2020 4:05 PM EST

SANTA CLARA, Calif., Feb. 04, 2020 (GLOBE NEWSWIRE) -- Inphi Corporation (NYSE: IPHI), a leader in high-speed data movement interconnects, today announced financial results for its fourth quarter and fiscal year ended December 31, 2019.

GAAP Results

Revenue in the fourth quarter of 2019 was a record $102.9 million on a U.S. generally accepted accounting principles (GAAP) basis, up 18.9% year-over-year, compared with $86.5 million in the fourth quarter of 2018. The increase was due to higher demand for datacenter products.

Gross margin under GAAP in the fourth quarter of 2019 was 59.9%, compared with 57.2% in the... More