Nanotech Semiconductors Posts Q2 Revenue of $10.5M, Up 22% QoQ; Guides Q3 to $13.5M

Nanotech Semiconductors reported second-quarter revenue of $10.5 million, up 22% sequentially and at the high end of guidance. High-power market business grew over 50% year-over-year, while non-GAAP gross margin improved to 39.5%. The company raised approximately $373 million in equity funding this quarter, bringing cash and equivalents to $557 million with zero debt.

For the third quarter, Nanotech guides revenue to $13.5 million (±$500,000), representing 28% sequential growth and a return to year-over-year gains. Non-GAAP gross margin is expected to reach 39.7%. The company projects mid-single-digit full-year revenue growth with double-digit sequential growth in the second half.