In its first financial report as a public company, Acacia Communications posted Q2 revenue of $116.2 million, up 101% year-over-year. GAAP gross margin came in at 46.4% of revenue and GAAP net income was $17.6 million.
“Our record second quarter results exceeded our expectations across the board and reflect the success of our disruptive technology in transforming cloud, content and communications networks. These results are a testament to our strategy and demonstrate our leadership position in the high-growth 100G plus optical networking market,” said Raj Shanmugaraj, President and CEO of Acacia Communications, “We continue to see strong global demand for our products, driven by metro and inter-data center network infrastructure buildouts.”
Acacia, which was founded in 2009, develops high-speed coherent optical interconnect products, including a series of low-power coherent DSP ASICs and silicon PICs. The company has integrated into families of optical interconnect modules with transmission speeds ranging from 40 to 400 Gbps for use in long-haul, metro and inter-data center markets. Acacia’s coherent DSP ASICs and silicon PICs are manufactured using CMOS and CMOS-compatible processes. The company completed its IPO during Q2.