Record Revenue and Earnings
First quarter revenue reached a record $978 million, marking a 22% increase from the previous year and an 8% increase from Q4. Non-GAAP earnings were $2.92 per share, exceeding guidance ranges.
Telecom Revenue Surge
Telecom revenue hit a new record of $412 million, representing a 59% increase from a year ago and 15% from Q4, driven primarily by demand for data center interconnect products.
High-Performance Computing Program Launch
Introduced and ramped the first HPC program, contributing $15 million to revenue. This program is expected to scale significantly over the coming quarters.
Strong Growth in Optical Communications
Optical Communications revenue totaled $747 million, up 19% from a year ago and 8% from Q4, driven by strong telecom demand.
Positive Outlook for Q2
Guidance for second quarter revenue is between $1.05 billion and $1.1 billion, indicating a 29% growth from a year ago at the midpoint. Anticipated EPS is between $3.15 and $3.30.