For the quarter ended June 2024, M/A-Com (MTSI) reported revenue of $190.49 million, up 28.3% over the same period last year. EPS came in at $0.66, compared to $0.54 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $190.16 million, representing a surprise of +0.17%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.66. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Q3 2024 Earnings Call August 1, 2024 8:30 AM ET Company Participants Stephen Ferranti - Vice President, Investor Relations Steve Daly - President and Chief Executive Officer Jack Kober - Chief Financial Officer Conference Call Participants Harsh Kumar - Piper Sandler Vivek Arya - Bank of America Karl Ackerman - BNP Paribas David Williams - Benchmark Company Tore Svanberg - Stifel Peter Peng - JPMorgan Srini Pajjuri - Raymond James Thomas O’Malley - Bar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35451 MACOM Technology Solutions Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0306875 (Stat ...

M/A-Com (MTSI) came out with quarterly earnings of $0.66 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.54 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this chipmaker would post earnings of $0.58 per share when it actually produced earnings of $0.59, delivering a surprise of 1.72%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. M/A-Com, which belongs to the Zac ...

MACOM Reports Fiscal Third Quarter 2024 Financial Results LOWELL, MA, August 1, 2024 – MACOM Technology Solutions Holdings, Inc. ("MACOM") (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal third quarter ended June 28, 2024. Third Quarter Fiscal Year 2024 GAAP Results • Revenue was $190.5 million, an increase of 28.3%, compared to $148.5 million in the previous year fiscal third quarter and an increase of 5.1% compared to $181.2 million in the ...

Have you looked into how M/A-Com (MTSI) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this chipmaker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and growth path. It has become essential for investors to comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 29, 2024 or Commission File Number: 001-35451 MACOM Technology Solutions Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 27-0306875 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 100 Chelmsford Street Lowell, ...

Financial Data and Key Metrics Changes - Revenue for Q2 was $181.2 million, up 15.3% sequentially, driven by growth in Industrial & Defense and Telecom end markets [21][66] - Adjusted EPS was $0.59 per diluted share, compared to $0.58 in fiscal Q1 2024 [41] - Adjusted gross profit was $103.5 million, or 57.1% of revenue, down from 59.2% in fiscal Q1 2024 [37] - Adjusted operating income was $40.2 million, up from $38.6 million in fiscal Q1 2024, with an adjusted operating margin of 22.2% [39] Business Line Data and Key Metrics Changes - Revenue by end market: Industrial and Defense at $90.9 million, Telecom at $47.2 million, and Data Center at $43.1 million [22] - Data Center revenue decreased by 12.9% sequentially, while Industrial and Defense increased by 18% and Telecom increased by 54.1% sequentially [22] - The Industrial and Defense market remains the largest and is steadily growing, with robust Defense orders but weak Industrial orders [23] Market Data and Key Metrics Changes - U.S.-based customers represented approximately 44% of fiscal Q2 revenue, flat sequentially [37] - The data center market is experiencing significant growth opportunities, particularly for 100G, 400G, and 800G optical connectivity solutions [10] - The telecom market is showing improvements, particularly in SATCOM and Metro/Long-haul segments, despite overall macro weakness [58][94] Company Strategy and Development Direction - The company aims to diversify and expand its geographic and industry exposure, focusing on high-performance IC components for Defense and data center markets [6][10] - MACOM is pursuing opportunities in 5G and adjacent applications, such as distributed antenna systems [13][14] - The company is actively engaged in securing federal funding through the CHIPS and Science Act for foundry modernization and expansion projects [16][62] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about certain telecom market segments but sees numerous opportunities for growth as data speeds increase globally [14][30] - The company expects revenue in fiscal Q3 to be up sequentially across all markets, with data center leading with low double-digit growth [46] - Management anticipates modest sequential improvements in revenue and operating profit for the remainder of fiscal 2024, with long-term expectations for gross margins to trend back towards 60% [46] Other Important Information - The company was awarded a multiyear contract valued at up to $11.4 million for advancing GaN technology [17] - MACOM's cash and short-term investments totaled approximately $476 million, exceeding the book value of its convertible note debt [21][45] - Inventory levels increased to $177.8 million, driven by the acquired RF business, with inventory turns improving to 1.8 times [43] Q&A Session Summary Question: Progress on RF acquisition and gross margin improvement - Management reported outstanding customer engagements and collaboration between RF teams, with ongoing efforts to improve gross margins [48][49] Question: Telecom vs. Data Center growth expectations - Management acknowledged strong performance in the data center market but maintained that telecom is expected to outgrow data center in the long term [102] Question: Contribution from the RF acquisition - The RF business contributed approximately $30 million in Q2, aligning with expectations [129] Question: Volatility in the data center business - Management confirmed that the data center market is volatile, with growth driven by ISP orders and transitions to higher data rates [97][119] Question: Future opportunities in the ACC market - Management sees significant potential in the ACC market, emphasizing the importance of technology leadership and competition [135]

M/A-Com (MTSI) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.72%. A quarter ago, it was expected that this chipmaker would post earnings of $0.57 per share when it actually produced earnings of $0.58, delivering a surprise of 1.75%.Over the last four quarters, the company has surp ...

MACOM Reports Fiscal Second Quarter 2024 Financial Results LOWELL, MA, May 2, 2024 – MACOM Technology Solutions Holdings, Inc. ("MACOM") (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal second quarter ended March 29, 2024. Second Quarter Fiscal Year 2024 GAAP Results Second Quarter Fiscal Year 2024 Adjusted Non-GAAP Results Management Commentary "Our engineering, sales, operations, quality and administrative teams are doing an excellent job s ...