- Fabrinet indicates supply chain issues are hitting 400G telecom module business hard, but datacenter demand is solid
- Coherent* sees no slowdown in demand from hyperscale operators
- Lumentum* sees the opposite, as the hyperscale operators absorb inventory for all of 2023
And the quarter to date:
- Cloud companies all reported results – what does capex look like?
- Meta cuts capex projections but is still spending at historically elevated rates due to AI
- Google’s revenue stops growing, but the company is guiding hardware capex up
- Amazon AWS revenue is in a downtrend with decreasing visibility and no capex guide, but no indication of capex cuts
- Corning is seeing a pocket of weakness in the red-hot fiber cabling boom
- Juniper * is shipping against a massive backlog and thinks demand is good
- MACOM is seeing broad weakness in 5G and CATV and emerging weaknesses in the datacenter market
- Microsoft had poor financial results but committed to keeping capex rolling
- Nokia * puts up good optical and IP numbers
- Intel data center results are terrible, and it is exiting the Tofino (Barefoot) Ethernet switch business
- Calix sees strong bookings and no double ordering
* Results are available for download in real-time Excel files (Hardware) (Components)
Clients log in to access full report