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So what: Non-GAAP EPS of $0.10 met the consensus forecast. Management guided second-quarter non-GAAP EPS to $0.12 to $0.14, a disappointment compared to the consensus estimate of $0.14.
Now what: Management guided second-quarter revenue to growth of 9% to 12% sequentially, an increase of 11% to 15% from the year-ago quarter. The CEO said that the company's design win pipeline should continue to grow with the rollout of new networking products, and Inphi plans to start shipping key products in production quantities during the second half. The second-half comments bode well for analyst expectations that non-GAAP EPS will skyrocket up to $0.26 in the fourth quarter.
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