Inphi sees Q1 EPS (6c)-(4c), consensus 17c
Sees Q1 revenue $58M-$621M, consensus $75.93M. "As we previously reported over the past few months, we continue to experience customer inventory burn and slow demand in the China long-haul and metro markets," said CEO Ford Tamer. "While visibility remains limited, we have recently received positive requests from some of our customers for increased demand starting in Q2. So, we believe that Q1, 2018, will be the bottom and we can resume growth starting in Q2. We also remain confident in the many growth vectors for Inphi revenue in the second half of 2018. This is based on new design wins for PAM DSPs, with associated linear TiAs and drivers, inside US cloud data centers driven by AI, Infiniband and Ethernet networking applications; M200 coherent DSP ramp in Europe, Asia and US; the ramp of Inphi's 400G coherent TiAs and drivers; and continued growth of COLORZ in the second half of the year in US and China."