Inphi Corp. (IPHI) Tops Q2 EPS by 30c, Revenues Beat; Offers 3Q EPS/Revenue Guidance Above Consensus
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Inphi Corporation Delivers Record Revenue and EPS in Q2 2020
August 4, 2020 7:02 AM EDTSANTA CLARA, Calif., Aug. 04, 2020 (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, 2020.
GAAP Results
Revenue in the second quarter of 2020 was a record $175.3 million on a U.S. generally accepted accounting principles (GAAP) basis, up 103.2% year-over-year, compared with $86.3 million in the second quarter of 2019. The increase was due to higher demand for Cloud and Telecommunications products as well as the inclusion of eSilicon revenues as a result of the acquisition that closed on January 10,... More
