- Oclaro (NASDAQ:OCLR) expects FQ3 revenue of $78M-$85M, above a $79.5M consensus at the midpoint.
- FQ2 gross margin was 16.5%, flat Q/Q and down 40 bps Y/Y, but near the high end of a 13%-17% guidance range. FQ3 GM guidance is also at 13%-17%. Thanks in part to asset sales, R&D spend fell 29% Y/Y to $11.7M, and SG&A spend 27% to $13.6M.
- The optical component vendor notes strong 100G product sales provided a lift. Equipment vendor Infinera can relate.
- FQ2 results, PR