MACOM(US:MTSI)2025-05-08 11:35Revenue Performance - Revenue for Q2 2025 was $235.9 million, an increase of 30.2% year-over-year from $181.2 million and an increase of 8.1% from the prior quarter's $218.1 million[7]. - Revenue for the three months ended April 4, 2025, was $235.887 million, a 8.1% increase from $218.122 million in the same period last year[26]. Profitability Metrics - Gross margin for Q2 2025 was 55.2%, compared to 52.5% in the same quarter last year and 53.7% in the prior quarter[7]. - Adjusted net income for Q2 2025 was $64.3 million, or $0.85 per diluted share, up from $43.2 million, or $0.59 per diluted share, in the same quarter last year[7]. - The company reported net income of $31.7 million for Q2 2025, compared to a net income of $15.0 million in the same quarter last year[7]. - Basic income per share for the three months ended April 4, 2025, was $0.43, compared to a loss of $2.30 per share in the same period last year[26]. - Net income for the three months ended April 4, 2025, was $31,666 million, representing 13.4% of revenue, compared to a net loss of $167,530 million (-76.8%) in the previous quarter[32]. Future Guidance - For Q3 2025, MACOM expects revenue to be between $246 million and $254 million, with an adjusted gross margin of 56.5% to 58.5%[5]. - The anticipated non-GAAP income tax rate for Q3 2025 is 3%[5]. Operational Efficiency - Adjusted income from operations for Q2 2025 was $59.8 million, or 25.4% of revenue, compared to $40.2 million, or 22.2% of revenue, in the same quarter last year[7]. - Adjusted gross margin for Q2 2025 was 57.5%, consistent with the prior quarter and slightly up from 57.1% in the same quarter last year[7]. - Income from operations for the three months ended April 4, 2025, was $34,870 million, or 14.8% of revenue, up from $17,527 million (8.0%) in the previous quarter[32]. Research and Development - Research and development expenses for the three months ended April 4, 2025, were $57.837 million, a decrease of 4.4% from $60.369 million in the prior year[26]. Cash Flow and Assets - The company reported a net cash provided by operating activities of $105.346 million for the six months ended April 4, 2025, compared to $51.302 million for the same period last year[30]. - Total assets increased to $1.918 billion as of April 4, 2025, from $1.756 billion a year earlier, reflecting a growth of 9.2%[28]. - The company had cash and cash equivalents of $110.926 million at the end of the period, down from $146.806 million at the beginning of the period[30]. Liabilities - Total liabilities were $716.525 million as of April 4, 2025, compared to $629.297 million a year earlier, indicating an increase of 13.9%[28]. - The company incurred a loss on extinguishment of debt amounting to $193.098 million during the six months ended April 4, 2025[30]. Customer Base - MACOM services over 6,000 customers annually across various industries, including Industrial and Defense, Data Center, and Telecommunications[8]. Shareholder Information - The company had 75,741 diluted shares for the three months ended April 4, 2025, compared to 72,780 in the previous quarter[32].