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4 January 2016

GigOptix raises Q4/2015's revenue outlook by 4%

GigOptix Inc of San Jose, CA, USA (a fabless supplier of analog semiconductor and optical communications components for fiber-optic and wireless networks) says that it expects record revenue for fourth-quarter 2015 of about $11.1m, up 6% on last quarter and 23% on $9m a year ago (and 4% above 19 October's guidance of $10.7m). 

Based on the preliminary revenue outlook for Q4/2015, GigOptix expects record full-year revenue of about $40.4m for 2015, up 23% on 2014's $32.9m (and above 19 October's guidance of $40m).

GigOptix says that continued robust demand across all its High Speed Communications (HSC) product line (primarily for its 40Gbps QSFP+ devices used in Web 2.0 OEMs data-center links) and enhanced demand for its Industrial ASIC devices used in legacy and new Internet-of-Things (IoT) applications, has resulted in both Q4/2015's higher-than-forecasted revenue and the strong bookings for first-quarter 2016.

GigOptix says that, with the better-than-forecasted preliminary Q4 revenue and the continuously improving margin performance, non-GAAP earnings per share should be about $0.05 in Q4 (up from $0.03 a year ago) and a record $0.19 for full-year 2015 (up from $0.04 for 2014).

GigOptix will release full results for Q4 and full-year 2015 on 8 February.

See related items:

GigOptix's revenue rises for sixth consecutive quarter to record $10.4m

GigOptix achieves first quarter of GAAP profitability

GigOptix reports record income in Q1

GigOptix reports record profit in Q4, and first ever annual non-GAAP profit

Tags: GigOptix

Visit: www.gigoptix.com

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