Revenues were off 26% from the prior quarter but up 17% Y/Y, and gross margin rose 190 basis points Y/Y to hit 36.3% on a non-GAAP basis.
Operating margin was up to 16.5% from 12.6%.
Net income rose to $50.6M on a non-GAAP basis from $30.8M.
Revenue by segment: Optical Communications, $246.3M (up 14%); Lasers, $52.5M (up 32.2%).
Cash and short-term investments came to $692.8M.
The company's guiding to Q4 revenue of $275M-$300M and EPS of $0.55-$0.75, with the midpoints above Street expectations.
It says it's continuing to work with Oclaro (NASDAQ:OCLR) on closing its acquisition. Oclaro is up 6.9% premarket.
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