From Wall Street – Poly – CY2021-Q2 / FY2022-Q1

Current Highlights

  • Non-GAAP revenues of $432M, up 20% year over year and down 10% quarter over quarter
  • Video revenues of $138M, up 94% year over year and down 3% quarter over quarter
  • Non-GAAP operating income of $52M, up 41% year over year and down 32% quarter over quarter
  • Demand remains strong, but sales continue to be impacted by supply-chain challenges
  • Margins impacted by increased shipping cost and spot market purchases to address demand