- Revenue: $1.43B, +27% YoY
- GAAP EPS: $0.44, improved $0.82 YoY
- Non-GAAP gross margin: 38.2%, +363 bps YoY
CEO Jim Anderson: "We delivered strong growth in the December quarter on both a sequential and year-over-year basis, resulting in record revenue, driven by another quarter of strong AI-related Data Center demand as well as growth in our Telecom business."
🌱Revenue & Growth
- Networking: $815.9M, +56% YoY
- Materials: $243.5M, -4% YoY
- Lasers: $375.3M, +6% YoY
- Sequential revenue growth: +6.4% QoQ
💰Profits & Financials
- GAAP operating margin: 9.5% vs 2.8% YoY
- Non-GAAP operating margin: 18.5% vs 13.5% YoY
- Operating cash flow: $340.4M vs $266.0M YoY
- Cash and equivalents: $917.8M
📌Business Highlights
- Received CHIPS Act funding to increase Indium Phosphide production capacity
- First customer order for new Optical Circuit Switch based on digital liquid crystal technology
- First shipment of Excimer Laser Annealing system for Gen 8 OLED display fab
🔮Future Outlook
- Q3 FY25 revenue guidance: $1.39B-$1.48B
- Q3 Non-GAAP gross margin: 37%-39%
- Q3 Non-GAAP EPS guidance: $0.75-$0.95