MACOM Technology Solutions Holdings Inc

MTSI

Equity

ISIN US55405Y1001 / Valor 13504866

NASDAQ (2024-11-21)

USD 131.33+2.96%

MACOM Technology Solutions Holdings Inc
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About company

MACOM Technology Solutions Holdings Inc., commonly known as MACOM, is a prominent player in the semiconductor industry, focusing on the design and production of critical components for various high-demand sectors. The company has recently expanded its operations by establishing a European Semiconductor Center in Limeil-Brévannes, France. This strategic move underscores MACOM's commitment to advancing semiconductor technology and enhancing its manufacturing capabilities. The new facility is primarily dedicated to the development and fabrication of Monolithic Microwave Integrated Circuits (MMICs), which are essential for a wide range of applications across the space, telecommunications, and aerospace & defense (A&D) markets. By specializing in MMICs, MACOM aims to meet the growing demands of these technologically advanced sectors, reinforcing its position as a key supplier of semiconductor solutions on a global scale.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

MACOM Technology Solutions Holdings Inc. reported revenue of $190.5 million for the fiscal third quarter of 2024, marking a significant increase of 28.3% compared to $148.5 million in the same quarter of the previous year. This also represents a 5.1% increase from the prior fiscal quarter's revenue of $181.2 million.

Gross Margin

The gross margin for MACOM Technology Solutions Holdings Inc. in the fiscal third quarter of 2024 was 53.2%, a decrease from 58.0% in the same quarter of the previous year. However, it showed a slight improvement from the prior fiscal quarter's gross margin of 52.5%.

Net Income

MACOM Technology Solutions Holdings Inc. achieved a net income of $19.9 million, or $0.27 per diluted share, in the fiscal third quarter of 2024. This is a notable increase from the net income of $11.9 million, or $0.17 per diluted share, reported in the same quarter of the previous year, and also higher than the prior fiscal quarter's net income of $15.0 million, or $0.20 per diluted share.

Adjusted Non-GAAP Results

On an adjusted non-GAAP basis, MACOM Technology Solutions Holdings Inc. reported an adjusted net income of $48.9 million, or $0.66 per diluted share, for the fiscal third quarter of 2024. This compares favorably to the adjusted net income of $38.5 million, or $0.54 per diluted share, in the same quarter of the previous year, and $43.2 million, or $0.59 per diluted share, in the prior fiscal quarter.

Business Outlook

For the fiscal fourth quarter ending September 27, 2024, MACOM Technology Solutions Holdings Inc. expects revenue to be in the range of $197 million to $203 million. The company also anticipates an adjusted gross margin between 57% and 59%, and adjusted earnings per diluted share to be between $0.70 and $0.76.

Summarized from source with an LLMView Source

Key figures

58.6%1Y

69.4%3Y

439%5Y

Performance

36.6%1Y

39.1%3Y

46.8%5Y

Volatility