Coherent ASICs

Key Earnings Driver

RLS, Waveserver and Transceivers Networking Platforms revenue increased 44.0% year over year to $1.36B. Within Networking Platforms, Optical Networking revenue increased 46.1% to $1.19B, driven by increased sales of 6500 Reconfigurable Line Systems, Waveserver systems and coherent pluggable transceivers, and Routing and Switching revenue increased 30.6% to $164.4M. Platform Software and Services revenue increased 9.7% to $98.6M, Blue Planet Automation Software and Services revenue declined 16.5% to $23.2M, and Global Services revenue increased 20.8% to $193.6M. On the earnings call, CFO Marc Graff said RLS and Waveserver each grew more than 55%.