earnings
confidence high
sentiment negative
materiality 0.75
MACOM Q3 revenue $148.5M (-13.8% YoY); GAAP EPS $0.17, adjusted $0.54; Q4 guidance soft
MACOM Technology Solutions Holdings, Inc.
2023-Q3 EPS reported
$0.94
revenue$498,032,000
- Revenue $148.5M, down 13.8% YoY from $172.3M; GAAP net income $11.9M ($0.17 diluted EPS).
- Adjusted net income $38.5M ($0.54 diluted EPS), down from $52.1M ($0.73) in prior year Q3.
- Q4 revenue guidance $148-152M; adjusted EPS $0.53-0.57 with ~71.5M diluted shares.
- GAAP gross margin 58.0% vs 60.7% YoY; adjusted gross margin 60.1% vs 62.2% YoY.
- Management cites weak near-term markets but believes long-term growth drivers intact.