Mellanox Tech beats by $0.13, beats on revs; guides Q3 revs above consensus
Reports Q2 (Jun) earnings of $0.75 per share, excluding non-recurring items, $0.13 better than the Capital IQ Consensus Estimate of $0.62; revenues rose 58.7% year/year to $163.1 mln vs the $157.9 mln consensus. Co issues upside guidance for Q3, sees Q3 revs of $165-170 mln vs. $163.4 mln Capital IQ Consensus Estimate.
- Non-GAAP operating margin was 22.2% vs 20.6% in 1Q15.
- "Our InfiniBand solutions continue to take market share on the TOP500 list, and we now connect 51.4% of the systems...Faster interconnects are needed in multiple data-intensive markets and applications such as database, Big Data, financials, machine learning, Web 2.0, cloud, high-performance computing, health care, insurance, transportation, homeland security, media and entertainment and many more. Mellanox is the first company to provide such end-to-end solutions to the market. We expect 25 Gigabit Ethernet to be the new 10, 50 to be the new 40, and 100 Gigabit Ethernet to do the heavy-lifting for data intensive markets."