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Emcore Posts Solid Q2

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Revenue of $32.6 million up 8 percent from previous quarter

Emcore, a provider of InP optical chips and systems, has announced financial results for its second quarter ended March 31, 2017.

Q2 revenue was $32.6 million, representing an 8 percent increase from the prior quarter. Q2 GAAP operating income was $1.8 million and non-GAAP operating income $3.7 million.

“Emcore turned in a solid quarter, with excellent growth in revenue and non-GAAP net income. But perhaps more importantly, we transitioned production to our new Beijing facility; opening the door to even more efficient operations going forward," said Jeffrey Rittichier, Emcore's president and CEO.

He added: “The combination of strength in the CATV market, a more efficient manufacturing platform and growth in other high profit margin products gives us confidence that we will exceed our target of 12.5 percent non-GAAP Operating Margin commitment."

The company  expects its Q3 revenue will be $29 to $31 million.


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