TOP 100 B Y D E N N I S L . T A Y L O R
Revenue Rank Company Headquarters 2018 FY 2018 Net FY Number of
2018 2017 1982 Revenue Income Ending Employees
PHOTO COURTESY OF JOAN MARCUS
51 54 Fortinent Inc. Sunnyvale $1.8B $332.2M Dec 5,066
52 50 Palo Alto Networks Inc. Santa Clara $1.761B ($216.60M) Jul 4,833
53 48 SunPower Corp. San Jose $1.73B ($811.09M) Jan 8,902
54 51 Coherent Inc. San Jose $1.723B $207.122M Dec 5,218
55 52 Synaptics Inc. San Jose $1.718B $1.40M Jun 1,763
56 58 Essex Property Trust Inc. San Mateo $1.45B ($104.12M) Dec 3,800
57 67 Plantronics Inc. Santa Cruz $1.42B $82.599M Dec 3,852
58 61 Pure Storage Inc. Mountain View $1.36B ($178.36M) Jan 2,300
59 62 Lumentum Holdings Inc. Milpitas $1.33B ($97.2M) Jul 2,930
60 56 Finisar Corp. Sunnyvale $1.28B ($57.41M) May 14,000
61 60 GoPro Inc. San Mateo $1.15B ($109.03M) Dec 963
62 68 Ubiquiti Networks Inc. San Jose $1.11B $336.32M Jun 843
63 66 Ultra Clean Holdings Inc. Hayward $1.10B $36.6M Dec 2,281
64 69 Mellanox Technologies, Ltd. Sunnyvale $1.09B $134.26M Dec 2,900
65 64 Simpson Manufacturing Co., Inc. Pleasanton $1.08B $126.63M Dec 2,500
66 57 Netgear Inc. San Jose $1.06B $17.33M Dec 1,008
66 65 Fair Isaac Corp. San Jose $1.06B $149.54M Dec 3,358
66 71 Viavi Solutions Inc. Milpitas $1.06B ($37.2M) Jul 3,000
69 80 Extreme Networks Inc. Fremont $1.03B ($21.1M) Jun 3,000
70 63 Electronics for Imaging Inc. Fremont $1.02B ($971,000) Dec 3,600
71 75 Integrated Device Technology Inc. San Jose $929.16M $108.54M Apr 1,623
72 NA Veeva Systems Pleasanton $862.21M $229.83M Jan 2,553
73 78 Ichor Holdings Ltd. Fremont $823.61M $57.88M Dec 1,420
76 76 Omnicell Inc. Mountain View $787.31M $37.73M Dec 2,480
75 NA Bloom Energy San Jose $742.04M ($241,75M) Dec 1,524
76 82 Guidewire Software Inc. Foster City $738.06M $41.05M July 2,292
77 77 34 California Water Service Group San Jose $698.2M $65.58M Dec 1,176
78 70 TiVo Corp. San Carlos $695.87M ($353.06M) Dec 1,700
79 NA RingCentral Inc. Belmont $673.62M ($26.20M) Dec 1,871
80 86 Box Inc. Redwood City $608.39M ($134.61M) Jan 1,980
81 84 Monolithic Power Systems Inc. San Jose $582.38M $105.27M Dec 1,534
82 81 Landec Corp. Menlo Park $535.56M $22.59M May 670
83 NA FormFactor Livermore $529.68M $104.04M Mar 1,676
84 95 Cloudera Palo Alto $479.94M ($192.65M) Jan 2,947
85 83 Quantum Corp. San Jose $478.23M ($8.44M) Mar 1,150
86 NA Arlo Technologies Inc. San Jose $464.92M ($75.48M) Dec 386
87 94 QuinStreet Inc. Foster City $446.41M $70.66M Jun 506
88 85 Power Integrations Inc. San Jose $415.96M $69.98M Dec 796
89 89 Xperi Corp. San Jose $406.13M ($289,000) Dec 700
90 90 Harmonic Inc. San Jose $403.56M ($21.04M) Dec 1,162
91 88 SJW Group San Jose $397.70M $38.77M Dec 416
92 92 Genomic Health Inc. Redwood City $394.11M $25.86M Dec 829
93 91 Exponent Inc. Menlo Park $354.64M $72.25M Dec 1,122
94 96 Chegg Inc. Santa Clara $321.08M ($14.89M) Dec 1,087
95 98 Coupa Software Inc. San Mateo $260.37M ($55.52M) Oct 1,202
96 NA Upwork Inc. Mountain View $253.35M ($19.91M) Dec 430
97 NA Zscaler Inc. San Jose $242.94M ($28.01M) Jul 1,050
98 NA Elastic N.V. San Jose $240.63M ($88.87M) Jul 1,247
99 NA Zuora Inc. San Mateo $235.2M ($77.59M) Jan NA
100 87 Rambus Inc. Sunnyvale $231.2M ($157.96M) Dec 796
ANNUAL
BUSINESS
REVIEW
wireless security cameras,
and Mountain View-based
Upwork Inc., which operates
an online marketplace for
freelancers.
Mergers and acquisitions
continued to play a key role
in expanding the size of
Silicon Valley companies.
One example: Verifone
Systems, a $1.9 billion
digital payment platform
company was scooped
up by private-equity firm
Francisco Partners in a $3.4
billion deal.
What can we expect in
2019? Economic forecasters,
including those with
the U.S. Federal Reserve,
are expecting the economy
to slow. But there is the
national economy and then
there’s Silicon Valley’s.
While it might not be as explosive
as 2018, few savvy
observers would downplay
Silicon Valley’s ability to
outpace the nation,
Sources: Yahoo Finance;
company financials; MarketWatch;
Bloomberg; U.S.
Securities and Exchange
Commission. Chart includes
public companies located
in Santa Clara, San Mateo,
Alameda and Santa Cruz
counties. Figures in the
chart represent fiscal year
reports. Parenthesis around
a figure indicate a net loss.
Footnotes: New to the Top
100 list this year:
Arlo Technologies Inc. (86)
Bloom Energy (75)
Elastic N.V. (98)
FormFactor (83)
RingCentral Inc. (79)
Upwork Inc. (96)
Veeva Systems Inc. (72)
Zscaler Inc. (97)
Zuora Inc. (99) n
June/July 2019 61