Loading...
News Article

Infinera posts positive Q4 and year-end results

News
"˜An exceptional year of revenue and profitability growth', says CEO


Infinera, a maker of InP photonic integrated circuits (PICs) and network equipment, has released financial results for the fourth quarter and fiscal year ended December 26, 2015.

"Our fourth quarter performance capped off an exceptional year of revenue and profitability growth, expansion of our product portfolio to serve the end-to-end market and the continuation of our commitment to deliver the Infinera Experience to our customers," said Tom Fallon, Infinera's CEO.

He added: "With customers increasingly relying on optical transport as the foundation of their next generation networks, Infinera will continue to deliver the most innovative, scalable and programmable Intelligent Transport solutions in the industry. We exited 2015 on a $1 billion annual revenue run rate and are well positioned to address the significant future opportunities associated with this optical networking transformation."

Q4 results

GAAP revenue for the quarter was up to $260.0M compared to $232.5M in Q3 2015 and $186.3M in Q4 2014.

GAAP gross margin for the quarter was 44.5 percent compared to 44.2 percent in Q4 2015 and 45.3 percent in the Q4 2014. GAAP operating margin for the quarter was 5.3 percent compared to 6.1 percent in Q3 2015 and 6.9 percent in Q4 2014.

GAAP net income for the quarter was $12.6 million, or $0.08 per diluted share, compared to $8.5M, or $0.06 per diluted share, in Q3 2015, and $8.4M, or $0.06 per diluted share, in the fourth quarter of 2014.

Non-GAAP revenue for the quarter was also up at $260.6M compared to $233.2M in Q3 2015 and $186.3 million in Q4 2014.

Non-GAAP gross margin for the quarter was 48.3 percent compared to 47.5 percent in Q3 2015 and 46.1 percent in Q4  2014. Non-GAAP operating margin for the quarter was 12.7 percent compared to 14.4 percent in Q3 2015 and 11.0 percent in Q4 2014.

Non-GAAP net income for the quarter was $32.0M, or $0.21 per diluted share, compared to $32.2 million, or $0.22 per diluted share, in Q3 2015, and $18.0M, or $0.13 per diluted share, in Q4 2014.

Annual results

GAAP revenue for the year was $886.7M compared to $668.1M in 2014. GAAP gross margin for the year was 45.5 percent compared to 43.2 percent in 2014. GAAP operating margin for the year was 6.7 percent compared to 4.1 percent in 2014. GAAP net income for the year was $51.4M, or $0.36 per diluted share, compared to $13.7M or $0.11 per diluted share in 2014.

Non-GAAP revenue for the year was $888.0M compared to $668.1M in 2014. Non-GAAP gross margin for the year was 47.8 percent compared to 44.0 percent in 2014. Non-GAAP operating margin for the year was 13.1 percent compared to 8.3 percent in 2014. Non-GAAP net income for the year was $112.0M, or $0.78 per diluted share, compared to $49.8M, or $0.39 per diluted share in 2014.

SiC patenting strong in Q4 2024, says KnowMade
Say hello to the heterogeneous revolution
Double heterostructure HEMTs for handsets
AlixLabs to collaborate with Linköping University
SiC MOSFETs: Understanding the benefits of plasma nitridation
Wolfspeed reports Q2 results
VueReal secures $40.5m to scale MicroSolid printing
Mitsubishi joins Horizon Europe's FLAGCHIP project
Vishay launches new high voltage SiC diodes
UK team leads diamond-FET breakthrough
GaN adoption at tipping point, says Infineon
BluGlass files tuneable GaN laser patents
QD company Quantum Science expands into new facility
Innoscience files lawsuit against Infineon
Riber revenues up 5% to €41.2m
Forvia Hella to use CoolSiC for next generation charging
Photon Design to exhibit QD simulation tool
Ortel transfers CW laser fabrication to Canada
Luminus adds red and blue multi-mode Lasers
PseudolithIC raises $6M for heterogeneous chiplet tech
Mesa sidewall design improves HV DUV LEDs
IQE revenue to exceed expectations
'Game-changing' VCSEL system targets clinical imaging
German start-up secures finance for SiC processing tech
Macom signs preliminaries for CHIPS Act funding
IQE and Quintessent partner on QD lasers for AI
EU funds perovskite tandems for fuel-free space propulsion
EU to invest €3m in GeSi quantum project
Transforming the current density of AlN Schottky barrier diodes
Turbocharging the GaN MOSFET with a HfO₂ gate
Wolfspeed launches Gen 4 SiC MOSFET technology
Report predicts high growth for UK's North East
×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
x
Logo
×
Register - Step 1

You may choose to subscribe to the Compound Semiconductor Magazine, the Compound Semiconductor Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in: