Unveiling Inphi's Recent Financial Statement Disclosure

Inphi Corporation (IPHI) recently announced its earnings for the fourth quarter ending December 31, 2022. The company's financial results were compiled by S&P Capital IQ, and the earnings estimates were based on their data.

Inphi's revenue for Q4 was $17.3 million, exceeding the expected $16.5 million. However, the company's earnings per share (EPS) came in at -$0.01, lower than the expected -$0.05 per share.

The significant revenue contraction in Q4 compared to the prior-year quarter's $21.1 million was a notable downward trend. Margins dropped across the board for Q4 compared to the prior-year quarter, which was also a concern for investors.

The GAAP loss per share contracted in Q4 compared to the prior-year quarter. GAAP EPS for Q4 was -$0.01, a significant improvement from -$0.72 per share in the prior-year quarter. The revenue and earnings per share figures for Q4 were non-GAAP to maintain comparability with estimates.

Looking ahead, next quarter's average estimate for Inphi's revenue is $19.8 million, and next year's average estimate for the company's revenue is $97.9 million. The average price target for Inphi stands at $12.80.

Inphi's stock has a five-star rating at Motley Fool CAPS, reflecting the positive sentiment among the community of investors. Seth Jayson, co-advisor of Motley Fool Hidden Gems, has no position in any company mentioned in this article at the time of publication.

It's worth noting that the company that published its business report for the fourth quarter of 2022 on February 1 is not explicitly mentioned in the provided search results.

Despite the EPS miss, the average opinion on Inphi from Wall Street recommendations tracked by S&P Capital IQ is outperform. Seven out of seven CAPS All-Star picks give Inphi a green thumbs-up, indicating a positive outlook for the company's future performance.