MACOM Reports Fiscal Third Quarter 2025 Financial Results

Core Viewpoint - MACOM Technology Solutions Holdings, Inc. reported strong financial results for its fiscal third quarter ended July 4, 2025, showcasing significant revenue growth and improved profitability metrics, indicating a competitive position in the semiconductor market [1][3]. Financial Results - Revenue for the third quarter was $252.1 million, representing a 32.3% increase year-over-year from $190.5 million and a 6.9% increase from the previous quarter's $235.9 million [8]. - Gross margin was reported at 55.3%, up from 53.2% in the same quarter last year and slightly improved from 55.2% in the prior quarter [8]. - Income from operations was $37.7 million, or 14.9% of revenue, compared to $19.7 million (10.4% of revenue) in the previous year and $34.9 million (14.8% of revenue) in the prior quarter [8]. - Net income was $36.5 million, translating to $0.48 per diluted share, compared to $19.9 million ($0.27 per diluted share) in the previous year and $31.7 million ($0.42 per diluted share) in the prior quarter [8]. Adjusted Financial Metrics - Adjusted gross margin was 57.6%, consistent with 57.5% in the previous year and prior quarter [8]. - Adjusted income from operations was $63.5 million, or 25.2% of revenue, compared to $45.6 million (24.0% of revenue) in the previous year and $59.8 million (25.4% of revenue) in the prior quarter [8]. - Adjusted net income was $68.2 million, or $0.90 per diluted share, compared to $48.9 million ($0.66 per diluted share) in the previous year and $64.3 million ($0.85 per diluted share) in the prior quarter [8]. Business Outlook - For the fiscal fourth quarter ending October 3, 2025, MACOM expects revenue to be in the range of $256 million to $264 million, with an adjusted gross margin between 56.0% and 58.0% [3]. - Adjusted earnings per diluted share are anticipated to be between $0.91 and $0.95, based on a non-GAAP income tax rate of 3% and 76.5 million fully diluted shares outstanding [3]. Company Overview - MACOM designs and manufactures high-performance semiconductor products for various industries, including Industrial and Defense, Data Center, and Telecommunications, serving over 6,000 customers annually [5]. - The company has achieved multiple certifications, including IATF16949 for automotive, AS9100D for aerospace, ISO9001 for quality, and ISO14001 for environmental management [5].