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Inphi Corporation (NASDAQ: IPHI) will release its Q3 2020 results on October 29, 2020, after market close. A conference call with CEO Ford Tamer and CFO John Edmunds will follow at 4:30 p.m. ET. Investors can join by calling 765-507-2591, conference ID: 5615478, or access a live and archived webcast on the company's investor relations website. Inphi, a leader in high-speed data interconnects, focuses on delivering high-speed data movement solutions critical for the growing demand driven by cloud services and data centers.
Inphi Corporation (NYSE: IPHI) announced its voluntary transfer to the Nasdaq Global Select Market, maintaining the ticker 'IPHI'. Trading on Nasdaq is set to commence on October 14, 2020. This decision aligns with the company’s strategy to enhance shareholder value through advanced investor relations solutions, marking a significant milestone as they celebrate their 10th anniversary as a public entity and 20th anniversary since founding. Both Inphi and Nasdaq express excitement over the partnership aimed at fostering innovation and growth.
Inphi Corporation (NYSE: IPHI) reported record revenue of $175.3 million for Q2 2020, up 103.2% year-over-year, driven by strong demand for Cloud and Telecommunications products and the acquisition of eSilicon. Despite the revenue growth, gross margin decreased to 53.0% due to various factors including amortization of intangibles. The GAAP net loss widened to $24.1 million from $20.6 million a year earlier. Non-GAAP net income, however, rose to $50.9 million, a significant increase from $16.6 million in Q2 2019. The company maintains a cautious outlook amid macro uncertainties.
Inphi Corporation (NYSE: IPHI) has acquired assets from Arrive Technologies, enhancing its engineering team in Ho Chi Minh City. This strategic move aims to bolster Inphi's capabilities in front-end design and firmware, complementing existing teams in Singapore and Vietnam. The deal is anticipated to improve customer engagement and innovation within cloud and telecom sectors, although financial terms were not disclosed. Arrive, established in 2001 with 112 employees, brings expertise in various high-tech areas essential for Inphi's growth.
Inphi Corporation (NYSE: IPHI) announced the retirement of Mr. Diosdado Banatao from its Board of Directors, effective July 29, 2020. Banatao, who served as chairman since 2000, will continue as Chairman Emeritus and advisor. His leadership played a significant role in Inphi’s growth and market positioning over two decades. CEO Ford Tamer and other executives praised Banatao's contributions and the lasting impact on the company’s culture. Inphi remains a leader in high-speed data movement interconnects, catering to the growing demand for data solutions globally.
Inphi Corporation (NYSE: IPHI) will announce its Q2 2020 results on August 4, 2020, before market opening. The company specializes in high-speed data interconnects, catering to the growing demand for fast data movement amidst increasing data volumes from video streaming, social media, and cloud services. A conference call will occur at 8:30 a.m. ET, featuring CEO Ford Tamer and CFO John Edmunds. Interested participants can join by dialing 765-507-2591 with conference ID 9798966, or via the webcast on Inphi's investor relations page.