Benzinga | Aug 4, 2020 07:29AM EDT

Inphi Sees Q3 EPS $0.83-$0.87 vs $0.68 Est., Sales $179M-$182.5M vs $156.3M Est.

Business Outlook

The following statements are based on the Company's current expectations for the third quarter of 2020. These statements are forward-looking and actual results may differ materially. A reconciliation between the GAAP and non-GAAP outlook is included at the end of this press release.

* Revenue in Q3 2020 is expected to be in the range of $179.0 million to $182.5 million.

* GAAP gross margin is expected to be approximately 55.1% to 56.2%.

* Non-GAAP gross margin is expected to be approximately 63.5% to 64.5%.

* Stock-based compensation expense is expected to be in the range of $29.0 million to $30.0 million.

* GAAP net loss is expected to be in range between $2.7 million to $6.3 million, or ($0.05) to ($0.12) per basic share, based on 52.1 million estimated weighted average basic shares outstanding.

* Non-GAAP net income, excluding stock-based compensation expense, acquisition expenses, amortization of intangibles and inventory fair value step up related to acquisitions and noncash interest on convertible debt, is expected to be in the range of $45.5 million to $47.9 million, or $0.83 to $0.87 per weighted average diluted share, based on 55.0 million estimated non-GAAP weighted average diluted shares outstanding.