PMC-Sierra reported Q3 2015 revenue of $133.6 million, an increase of 7.1 percent compared to $124.8 million in the second quarter of 2015, and a decrease of 1.4 percent from $135.5 million in the third quarter of 2014.
GAAP net income in the third quarter of 2015 totaled $6.7 million or $0.03 per diluted share, compared to GAAP net loss in the second quarter of 2015 of $8.6 million or $0.04 per share, and to GAAP net income in the third quarter of 2014 of $5.5 million or $0.03 per diluted share. GAAP operating margin in the third quarter of 2015 was 8.3 percent, compared to GAAP operating margin in the third quarter of 2014 of 5.5 percent.
For Q3:
- Storage product revenues reached a quarterly record of $97.6 million, or 73 percent of revenues, an increase of 12 percent compared to storage product revenues of $87.0 million in the second quarter of 2015.
- Optical product revenues in the third quarter of 2015 totaled $23.5 million, or 18 percent of revenues, a decrease of 7 percent compared to optical product revenues of $25.2 million in the second quarter of 2015.
- Mobile product revenues in the third quarter of 2015 totaled $12.5 million, or 9 percent of revenues, which was flat compared to mobile product revenues of $12.6 million in the second quarter of 2015.