MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2025 Financial Results

Core Insights - MACOM Technology Solutions Holdings, Inc. reported strong financial results for the fiscal fourth quarter and fiscal year ended October 3, 2025, with significant revenue growth and improved operational metrics [1][6]. Financial Performance - Fourth Quarter Fiscal Year 2025 GAAP Results: Revenue reached $261.2 million, a 30.1% increase from $200.7 million in the same quarter last year. Net income was $45.1 million, or $0.59 per diluted share, compared to $29.4 million, or $0.39 per diluted share, in the previous year [7][8]. - Fourth Quarter Fiscal Year 2025 Adjusted Non-GAAP Results: Adjusted net income was $71.4 million, or $0.94 per diluted share, up from $54.2 million, or $0.73 per diluted share, in the prior year [7][8]. - Fiscal Year 2025 GAAP Results: Total revenue for the year was $967.3 million, a 32.6% increase from $729.6 million in fiscal year 2024. However, the company reported a net loss of $54.2 million, or $0.73 loss per diluted share, primarily due to a one-time charge of $193.1 million related to debt refinancing [7][8]. - Fiscal Year 2025 Adjusted Non-GAAP Results: Adjusted net income for the year was $263.4 million, or $3.47 per diluted share, compared to $188.2 million, or $2.56 per diluted share, in fiscal year 2024 [7][8]. Business Outlook - For the fiscal first quarter ending January 2, 2026, MACOM expects revenue to be between $265 million and $273 million, with an adjusted gross margin anticipated between 56.5% and 58.5% [7][8]. Management Commentary - The CEO, Stephen G. Daly, expressed optimism about the company's strong foundation and future growth as they enter fiscal 2026 [6]. Company Overview - MACOM designs and manufactures high-performance semiconductor products for various industries, including Industrial and Defense, Data Center, and Telecommunications. The company serves over 6,000 customers annually and has a broad product portfolio [10].