Mellanox Technologies (MLNX) Raises Q2 and FY Guidance

Mellanox Technologies, Ltd. (NASDAQ: MLNX), a leading supplier of high-performance, end-to-end smart interconnect solutions for data center servers and storage systems, today announced updates to its second quarter and full year 2018 outlook.

Second Quarter 2018 Outlook

Mellanox currently projects:

• Quarterly revenues of $260 million to $270 million. Prior guidance provided on April 17, 2018 was quarterly revenues of $255 million to $265 million.

Full Year 2018 Outlook

Mellanox currently projects:

• Revenues of $1,050 million to $1,070 million. Prior guidance was revenues of $1,030 million to $1,050 million.
• Non-GAAP operating margin of 23.0 percent to 24.0 percent. Prior guidance was non-GAAP operating margin of 21.0 percent to 22.0 percent.

(*Street sees Q2 revenue of $260 million and FY revenue of $1.04 billion)

“We continue to see strength across all our product lines, including InfiniBand and Ethernet, and we are well-positioned for further growth as the adoption of 25 gigabit per second and above Ethernet adapters continues in 2018 and beyond,” said Eyal Waldman, Chief Executive Officer of Mellanox. “The team remains disciplined in its investments and committed to optimizing efficiencies and reducing expenses, without slowing down revenue growth. The Board and management team are confident that the successful execution of our strategy will continue to deliver enhanced value for all shareholders.”

Mellanox is scheduled to present at the JP Morgan Technology, Media and Communication Conference in Boston, Massachusetts, today at 10:40 a.m., Eastern Daylight Time. When available, a webcast of the live event, as well as a replay, will be available on the Company’s investor relations website at: http://ir.mellanox.com.

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