MACOM Q1 revenue $180.1M (+12.8% YoY); adjusted EPS $0.81; Q2 guidance below Q1

MACOM Technology Solutions Holdings, Inc.

2023-Q1 EPS reported $0.41 revenue$180,104,000

GAAP net income $29.5M ($0.41 diluted EPS); prior year included $118.2M gain on equity sale.
Adjusted non-GAAP net income $58.0M ($0.81 diluted EPS) vs. $45.4M ($0.64) a year ago.
Q2 FY2023 revenue guidance $166M-$170M, below Q1 revenue of $180.1M.
Adjusted gross margin guided 61.5%-63.5%; adjusted EPS guided $0.76-$0.80.
Guidance excludes pending acquisition of OMMIC SAS, a French semiconductor manufacturer.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MACOM Technology Solutions Holdings, Inc. reported fiscal first quarter ended December 30, 2022 results: revenue $180.1 million, net income $29.5 million, EPS $0.41 per diluted share. Guidance initiated.

Period: fiscal first quarter ended December 30, 2022
Revenue: $180.1 million
Net income: $29.5 million
EPS: $0.41 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

Revenue was $180.1 million, an increase of 12.8%, compared to $159.6 million in the previous year fiscal first quarter and an increase of 1.1% compared to $178.1 million in the prior fiscal quarter; • Gross margin was 61.3%, compared to 59.0% in the previous year fiscal first quarter and 60.9% in the prior fiscal quarter; • Operating income was $38.6 million, or 21.4% of revenue, compared to operating income of $27.1 million, or 17.0% of revenue, in the previous year fiscal first quarter and operating income of $37.0 million, or 20.8% of revenue, in the prior fiscal quarter; and • Net income was $29.5 million, or $0.41 per diluted share, compared to net income of $138.8 million, or $1.95 per diluted share, in the previous year fiscal first quarter and net income of $239.3 million, or $3.36 per diluted share, in the prior fiscal quarter.

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accession 0001493594-23-000032

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