We re about. Moving Big Data Faster

Transcription

1 We re about. Moving Big Data Faster Inphi Corporate Update April 2014

2 Safe Harbor Summary This presentation includes forward-looking statements relating to matters that are not historical facts, including, without limitation, statements regarding Inphi s short and long term growth strategies, trends in IP traffic and technology adoption, the future sizes and anticipated growth of the networking infrastructure, cloud computing and data center markets, and the scaling of memory capacity with CPU cores. In some cases, such forward-looking statements are identified by words such as anticipate, believe, plan, estimate, expect, strive, future, intend and similar expressions. Although Inphi s management believes that the expectations reflected in the forward-looking statements are reasonable, such statements involve known and unknown risks, uncertainties and other factors that may cause Inphi s actual results to be different from any future results expressed or implied by these statements, including the risks and uncertainties described in our annual report, and other filings with the U.S. Securities and Exchange Commission made from time to time. We caution you that no forward-looking statement is a guarantee of future performance, and you should not place undue reliance on these forward-looking statements which reflect the view of Inphi s management only as of the date of this presentation. We assume no obligation to, and expressly disclaim any obligation to, update any forward-looking statements contained in this presentation as a result of new information or future events or developments. Inphi Proprietary Inphi Proprietary and Confidential 2

3 Growing Processor Interconnect Gap 100x in 10 Years 15x in 10 Years MOORE S LAW Processor Bandwidth Interconnect Bandwidth Inphi Proprietary Inphi Proprietary and Confidential 3

4 For Inphi to Address Layer 1 Interconnect Bandwidth Optics to Network Network to CPU CPU to Memory Amplifier CDR Buffer Optical Fiber Driver SerDes Register RDIMM LRDIMM Memory High-Speed Data Transport and Signal Integrity Inphi Proprietary Inphi Proprietary and Confidential 4

5 Signal With Integrity Competitive Solution Inphi Solution Better Signal Detection Faster Throughput Improved Error Margin High Signal Integrity Longer Distance Inphi Proprietary Inphi Proprietary and Confidential 5

6 Differentiated Products/Growing Markets Optics Networks Memory Long Haul Metro Enterprise & Data Center Inphi Proprietary Inphi Proprietary and Confidential 6

7 Interconnect Products Optical - Amplifier - Driver Networking - CDR - Serdes Memory - Buffer - Register Communications Servers Inphi Proprietary Inphi Proprietary and Confidential 7

8 Optical Interconnect Products Inphi Proprietary Inphi Proprietary and Confidential 8

9 Optical Interconnect Trends Reconfigurable Colorless Networks Long Haul: High Bandwidth 400G Coherent 100G coherent will dominate network build out Metro: Low Power 100G Coherent Complex modulation formats such as 16QAM require Quad Linear Drivers Data Center: Low Power 100G Ethernet 80W 32W 12W 6W CFP Higher density, lower cost, lower power for core routers CFP2 CFP4 16-W 8-W 6-W 3.5-W Inphi Proprietary Inphi Proprietary and Confidential 9

10 Next-gen 100G/400G Reconfigurable Colorless Network Key Products Differentiators Industry Leading TIAs and Drivers DAC Inphi 100G/400G Quad Linear Drivers 3214 MZ Modulator Fiber Out Advanced process technologies beyond CMOS Optimum packaging technologies from low cost plastic, organic packages to high end ceramic and gold box packages DSP ADC 3250 Inphi Dual Linear Transimpedance Amplifiers Degree Hybrid Mixer 90 Degree Hybrid Mixer BS PBS LO Laser Fiber In System-level expertise from fiber-to-memory Highly integrated dual and quad solutions ahead of competition Inphi Proprietary Inphi Proprietary and Confidential 10

11 Networking Interconnect Products Inphi Proprietary Inphi Proprietary and Confidential 11

12 Networking Interconnect Trends Massively Scalable Data Centers Higher Percentage SM Fiber Roadmap: Low Power, High Density 100GE CFP 400G : 24-W QSFP28 3.2T : 3.5W CFP2 1T : 9-W SFP28 4.8T : 1.5W Data Center Market Transition Core and Aggregation CFP4 1.6T : 6-W On Board Optics 6.4T : <1.5 W Inphi Proprietary Inphi Proprietary and Confidential Source: Cisco Systems 12 12

13 Next-gen 100G Solution for 1.2T 2.4T Line Cards Key Products Differentiators Terabit System 100G SERDES 10X Bandwidth GEN 2 MODULE Full support for multiple data rates - 10G/ 40G/100G Improved optical margins System ASICs Tbps Capacity NX100G 100G SERDES 100G SERDES 100G SERDES 100G SERDES 100G SERDES 100G SERDES 100G SERDES NX100G GEN 2 MODULE GEN 2 MODULE GEN 2 MODULE GEN 2 MODULE GEN 2 MODULE GEN 2 MODULE GEN 2 MODULE Lowest power enabling a lower carbon footprint in data centers High frequency trading and low latency data center fabric 100G SERDES 100G SERDES GEN 2 MODULE GEN 2 MODULE Highest resolution, non-destructive on-chip signal integrity 1 st Gen 2 nd Gen 100G CMOS Gearbox 100G CMOS CDR Next-Gen Modules with 12-24x Density Inphi Proprietary Inphi Proprietary and Confidential 13

14 Memory Interconnect Products Inphi Proprietary Inphi Proprietary and Confidential 14

15 Memory Interconnect Trends In-Memory Analytics for Big Data Growing x86 Server Virtualization Density EXABYTES Unstructured Data Structured Data Source: EMC and IDC VMs per Host Forecast 65% 72% 77% 49% 58% Source: Gartner and IDC VM Density per Host Server % of Installed Workloads Running in a VM Escalating Memory-Intensive Workloads Data Center Processor Growth HPC Financial Trading Graphics Rendering 2x Volume Growth Network Ent.Storage Workstation HPC Public Cloud Enterprise Small Scale Content Delivery and Gaming Big Data Source: Intel Inphi Proprietary Inphi Proprietary and Confidential 15

16 DDR3 & DDR4 Register and Memory Buffers Key Products Differentiators Core 0 Core 1 Core 2 Core 3 RDIMM Solutions 1067 MT/s 1067 MT/s 1067 MT/s 8 MB Shared Cache Memory Controller 1067 MT/s Link Controller LRDIMM Solution 1333 MT/s 1333 MT/s 1333 MT/s 1333 MT/s Inphi Memory Buffer (imb ) for LRDIMMs Higher system memory capacity, performance, and performance/watt Dependable quality & reliability due to best in class signal integrity even at high signaling rates Qualified across all major ecosystems Industry s 1st standards compliant Inphi Memory Registers for RDIMMs Lowest power consumption Dependable quality& reliability due to best in class signal integrity even at high signaling rates and custom features Qualified across all major ecosystems DDR3 Channel DDR3 Channel Memory Register Memory Buffer Increases Memory Capacity by ~3x Increases Channel Speed by 1.3x Inphi Proprietary Inphi Proprietary and Confidential 16

17 Orders per minute 3.75x with 32GB LRDIMMs in a Virtualized E-commerce Application! Orders per minute 450, , , , , , , ,000 50,000 0 Source: Principled technologies Database performance Number of VMs 768GB RAM (imb enabled Samsung LRDIMM configuration) 384GB RAM (RDIMM configuration) Orders per minute/watts Number of VMs Productivity Power Efficiency Real estate Performance per watt 768GB RAM (imb enabled Samsung LRDIMM configuration) 384GB RAM (RDIMM configuration) Inphi Proprietary Inphi Proprietary and Confidential 17

18 Large Total Available Market (TAM) Multi-billion Dollars TAM 1Million 100G Ports ( 17) + 10 Million Servers ( 15) Long Haul Metro Data Center Inphi Proprietary Inphi Proprietary and Confidential 18

19 Inphi Leadership Position Background Ford Tamer President and CEO John Edmunds CFO Dr. Loi Nguyen Founder, VP, Optical Interconnect Charlie Roach VP of Worldwide Sales Siddharth Sheth VP, Networking Interconnect Ron Torten Sr. VP of Operations and IT Lawrence Tse VP of Engineering Vinod Lakhani VP, Memory and Storage Interconnect Inphi Proprietary Inphi Proprietary and Confidential 19 19

20 Strong Business Momentum Quarterly Revenue Growing Annual Revenue Solid Balance Sheet (1Q14) ($MM) $92 $103 Cash & short term investments ($M) $117M 80.0 $83 $ $59 Debt None 40.0 $36 $43 # of Qtrs. of Profitability 20 Consecutive Quarters of Non-GAAP Net Income Before Taxes * Excludes stock-based compensation Inphi Proprietary Inphi Proprietary and Confidential 20

21 We re Continuing Steady Business Progress Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Revenue ($M) $22.6M $24.3M $26.6M $29.1M $31.2 QoQ Growth 8% 9% 10% 7% EPS - $0.01 $0.04 $0.08 $0.09 Op. Margin* - 1% 6% 11% 12% *Non-GAAP Inphi Proprietary Inphi Proprietary and Confidential 21

22 Thank you