In a niche looking for good economic news, optical module and subsystems vendor NeoPhotonics Corp. (NYSE: NPTN) has provided some. The company revealed yesterday that it expects revenue for its second quarter ended June 30, 2012, to surpass its previous guidance of $55.0 to $61.0 million. In fact, it could see a new quarterly revenue record.
The company declined to predict exactly how high that record might be, citing potential adjustments before its officially reports its second quarter performance, an event expect to occur in early August. However, NeoPhotonics did say that increased demand for its products related to coherent networks, high-speed client applications, and access networks led to the positive expectations.
An upbeat second quarter would represent a bounce from the first quarter of the year, when NeoPhotonics saw revenues decline 5% sequentially to $54.2 million.