Strong Revenue Growth
Net revenue for the third quarter was $284.8 million, up 5.2% sequentially and 15.8% year-over-year, above the midpoint of the guidance range.
Increased Operating Margin
Operating margin for the third fiscal quarter was 16.7%, above the high-end of the guidance range of 13% to 15%, and increased 7.4% year-over-year.
Significant EPS Growth
Earnings per share (EPS) at $0.15 was above the high-end of the guidance range and increased by $0.09 year-over-year.
NSE Revenue Surge
NSE revenue for the quarter was $208.2 million, up 22.6% year-over-year, driven by strong demand in fiber lab and production products.
Strong Performance in Aerospace and Defense
The aerospace and defense segment saw strong growth, bolstered by the acquisition of Inertial Labs, contributing to multi-year growth potential.
OSP Operating Margin at High End
OSP operating margin was 33.9%, at the high end of the guidance range of 32% to 34%.