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NeoPhotonics Announces Flat Q2 Earnings

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SAN JOSE, Calif., Aug. 31, 2016 — Optoelectronic developer NeoPhotonics Corp. has announced flat second quarter earnings, comparable to those from the first quarter, with an increase in revenue of $13.8 million to $99.1 million , or 16.1 percent, compared to the same quarter last year. “Globally, we continue to see the overall environment for 100G and beyond products very robust across both telecom and datacenter applications,” said Tim Jenks, chairman and CEO of NeoPhotonics. “In spite of PON [passive optical network) market softness, we delivered solid financial results in the second quarter...Read full article

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    Published: August 2016
    Glossary
    optoelectronics
    Optoelectronics is a branch of electronics that focuses on the study and application of devices and systems that use light and its interactions with different materials. The term "optoelectronics" is a combination of "optics" and "electronics," reflecting the interdisciplinary nature of this field. Optoelectronic devices convert electrical signals into optical signals or vice versa, making them crucial in various technologies. Some key components and applications of optoelectronics include: ...
    BusinessNeoPhotonics Corp.OpticsearningsGAAP Gross marginoptoelectronicsCommunications

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