Q2 Earnings Expectations
It's hard to believe that the global economy is in a deep recession by looking at the financials of the companies in the global communications market. With more than half of the companies having reported Q2 results and guidance for the current quarter, the industry's growth is exceeding expectations. Demand for optics is very strong across the entire market with cloud datacenters and 5G deployments as the brightest areas.
It's not all rosy, however. Many companies, including a majority of service providers, reported declines in revenues. Although, a few numbers stand out among the bright spots in the market:
The stage is set for the earnings reports by II-VI Photonics and Lumentum next week. Alibaba is likely to match or exceed Amazon’s growth rates when it reports financials on August 19th.
The full text of the research note is available to LightCounting clients at Access LightCounting. It offers summaries of the financial results across the industry supply chain, including the falling companies. Companies addressed in the research note are:
Optical Components Vendors
Alphabet, Amazon, Facebook, Microsoft, Oracle, Paypal, Twitter
AT&T, BT, Comcast, KDDI, Orange, Telefónica, Verizon and Vodafone
Adtran, ADVA, Ericsson, F5 Networks, Fujistu, Huawei, IBM, Infinera, Juniper, Nokia, and Oracle
Eoptolink, Neophotonics, Sumitomo Electric
Inphi, Intel, Macom, Maxim, Maxlinear