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The statistics highlight NeoPhotonics’ Revenue by Segment from Q1 FY 2016 to the latest quarter.
Headquartered in California, NeoPhotonics Corporation (NYSE: NPTN) is an American public corporation, founded in 1996. These products include tunable lasers, transceivers, optical semiconductors, high bandwidth receivers, photonic integrated circuits, and 100 GBPS and above modules. NeoPhotonics primarily produces products that implement coherent technology and include those designed for 100G and beyond data rates for telecom and data center or content provider networks and applications. Due to the rapid expansion of the telecom backbone, revenues from the company’s high-speed products have generated, and the content provider networks have accommodated increased mobile traffic.
The year 2016
This year, the revenue steeply grew until the end of the last quarter. In Q1, the revenue for 100G products was up by 24% sequentially, accounting for 65% of our Q1 revenue. By maintaining leadership in 100G and beyond solutions, the company introduced several exciting new products and technologies during the quarter. The growth in network products and solutions was quite fluctuating in the subsequent quarters, offset by a consistent increase in high-speed products. In the last quarter, revenue was $109.8 million, grew by 23% YoY, where network products and solutions reported a drop in its revenue to $31.30 million.
The year 2017
After consistent growth in the last year, the figures tragically fell in this year. In the first quarter, though the company marked a milestone with the transition to a purely High-Speed company with a focus on 100G and above, the revenue for high-speed products dropped to $58.70 million. As the company tightened the focus on continuing the growth of global high-speed component and modules businesses, the revenue for network products and solutions drastically dropped to $13.30 million. The revenue was constant, with some minor fluctuation for both the products in the subsequent quarters. In the fourth quarter, NeoPhotonics delivered substantial revenue of $76.9 million, representing 8% growth over the prior quarter, while continuing to focus on reducing inventory and operating expenses for both categories of products.
The year 2018
The year started its journey with a significant drop in the first quarter and eventually rose until the end of last quarter. In Q1, revenue was $68.59 million, down 4% year-over-year as the company focused on 100G and above high-speed products, which reached the highest proportion of revenue in the history at 86% the quarter. In Q2, NeoPhotonics delivered reliable results with revenue of $81.10 million, coming from above the high end of the outlook range, representing 18% sequential growth. The growth in network products and solutions, healed in the subsequent quarters. In the last quarter, NeoPhotonics delivered its highest revenue quarter in the past two years with revenue of $91.10 million, grew by 19% YoY with continued strength in demand, combined with increasing volume growth across leading high-speed product lines.
The year 2019
Though, the company delivered strong year over year growth in the first quarter. In Q1, the company is focused on the highest speed coherent solutions that are well-aligned with leading industry trends, which has positioned the company to benefit from growing deployments of high band rate systems for 200G to 600G globally. In the second quarter, solid execution cost reduction, and strong customer demand combined for a profitable quarter for NeoPhotonics, and In the last quarter, leadership in high-speed products, serving the most significant players in the industry in DCI, and the transition of Cloud and hyper-scale data center networks to coherent technologies lead to a healthy revenue.
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* Billed annually, local taxes extra.
* Local taxes extra.