NeoPhotonics Reports Second Quarter 2020 Financial Results

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Go back to NeoPhotonics Reports Second Quarter 2020 Financial Results

NeoPhotonics (NPTN) Tops Q2 EPS by 4c, Revenues Beat; Offers 3Q Revenue Mid-Point Guidance Above Consensus, Provides 3Q EPS Outlook

August 4, 2020 5:27 PM EDT

NeoPhotonics (NYSE: NPTN) reported Q2 EPS of $0.16, $0.04 better than the analyst estimate of $0.12. Revenue for the quarter came in at $103.2 million versus the consensus estimate of $99.5 million.

Second Quarter Summary

Revenue was $103.2 million, up 6% quarter-over-quarter and up 26% year-over-yearGross margin was 32.5%, up from 30.5% in the prior quarter and from 19.2% in the prior yearNon-GAAP gross margin was 33.2%, up from 31.2% in the prior quarter and up from 25.6% in the prior yearDiluted net income... More