Mellanox Delivers Record First Quarter 2020 Financial Results
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Mellanox Technologies (MLNX) Tops Q1 EPS by 88c, Revenues Beat
April 23, 2020 4:10 PM EDTMellanox Technologies (NASDAQ: MLNX) reported Q1 EPS of $2.59, $0.88 better than the analyst estimate of $1.71. Revenue for the quarter came in at $428.7 million versus the consensus estimate of $344.14 million.
First Quarter 2020 - Financial Results Summary
Revenue of $428.7 million in the first quarter, an increase of 40.5 percent, compared to $305.2 million in the first quarter of 2019.GAAP gross margins of 66.8 percent in the first quarter, compared to 64.6 percent in the first quarter of 2019.Non-GAAP gross margins of 69.1 percent in the first quarter, compared to 68.0 percent in the first quarter of 2019.GAAP... More