- Inphi (NYSE:IPHI) expects revenue of $138.1-139.4M (consensus: $131.5M) for the period ending March 31.
- Adjusted operating income is expected between $33.9-34.5M.
- The company had $238.2M in cash and equivalents at the end of the quarter.
- Management coronavirus quote: "COVID-19 has had a significant impact on the global economy, including accelerating the secular shift to cloud computing and concurrently driving a sharp increase in the demand for bandwidth. We expect our business to continue to be favorably impacted by these phenomena."
- Inphi also announces plans to offer $330M of convertible senior notes due 2025 in a private offering.
- Initial purchasers can buy up to $50M in additional notes.