Record Revenue Growth
Fiscal third quarter revenue increased by approximately 4% sequentially and 24% year-over-year to a record $1.5 billion, driven by AI data center and telecom revenue growth.
Gross Margin Improvement
Non-GAAP gross margin improved to 38.5%, increasing 30 basis points sequentially and 490 basis points year-over-year.
Data Center and Communications Market Growth
Data center and communications revenue increased by 9% sequentially and 46% year-over-year, with strong performance in AI data centers and telecom.
Innovative Product Launches
Introduced three 1.6T transceiver designs and achieved a key milestone with a 400 gig per lane differential EML, supporting future 3.2T transceivers.
Strategic Portfolio Optimization
Exited non-core product lines such as silicon carbide devices and modules, focusing on core growth areas.
Debt Reduction
Paid down $136 million in debt during the quarter, reducing debt leverage to 2.1 times.