MACOM reports Q2 FY2023 revenue $169.4M (+2.6% YoY); guides Q3 revenue $145-150M

MACOM Technology Solutions Holdings, Inc.

2023-Q2 EPS reported $0.77 revenue$349,510,000

GAAP diluted EPS $0.36 vs $0.42 YoY; adjusted diluted EPS $0.79 vs $0.68 YoY.
Adjusted gross margin 62.1% (vs 61.7% YoY); adjusted operating margin 33.4%.
Q3 FY2023 guidance: revenue $145M-$150M, adjusted gross margin 59-61%, adjusted EPS $0.52-$0.56.
CEO expects second half more challenging; pending OMMIC SAS acquisition excluded from guidance.
Sequential revenue decline of 5.9% from Q1; GAAP operating income $35.9M (21.2% of rev).

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 the fiscal second quarter ended March 31, 2023 results: revenue $169.4 million, net income $25.8 million, EPS $0.36 per diluted share.

Period: the fiscal second quarter ended March 31, 2023
Revenue: $169.4 million
Net income: $25.8 million
EPS: $0.36 per diluted share
Result: reported results

Exact text from the filing

Second Quarter Fiscal Year 2023 GAAP Results • Revenue was $169.4 million, an increase of 2.6%, compared to $165.1 million in the previous year fiscal second quarter and a decrease of 5.9% compared to $180.1 million in the prior fiscal quarter; • Gross margin was 60.6%, compared to 59.9% in the previous year fiscal second quarter and 61.3% in the prior fiscal quarter; • Income from operations was $35.9 million, or 21.2% of revenue, compared to income from operations of $32.6 million, or 19.7% of revenue, in the previous year fiscal second quarter and income from operations of $38.6 million, or 21.4% of revenue, in the prior fiscal quarter; and • Net income was $25.8 million, or $0.36 per diluted share, compared to net income of $29.6 million, or $0.42 per diluted share, in the previous year fiscal second quarter and net income of $29.5 million, or $0.41 per diluted share, in the prior fiscal quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MACOM Technology Solutions Holdings, Inc. reported the fiscal third quarter ending June 30, 2023 results: revenue $145 million to $150 million, EPS between $0.52 and $0.56. Guidance initiated.

Period: the fiscal third quarter ending June 30, 2023
Revenue: $145 million to $150 million
EPS: between $0.52 and $0.56
Guidance: initiated
Result: guidance update

Exact text from the filing

For the fiscal third quarter ending June 30, 2023, MACOM expects revenue to be in the range of $145 million to $150 million. Adjusted gross margin is expected to be between 59.0% and 61.0%, and adjusted earnings per diluted share is expected to be between $0.52 and $0.56 utilizing an anticipated non-GAAP income tax rate of 3% and 71.5 million fully diluted shares outstanding.

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Source: SEC EDGAR

accession 0001493594-23-000043

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