MACOM Reports Fiscal Second Quarter 2024 Financial Results
MACOM Technology Solutions Holdings, Inc. (MTSI)
Last macom technology solutions holdings, inc. earnings: 4/29 04:05 pm
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Source: Business Wire
LOWELL, Mass.--(BUSINESS WIRE)--MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal second quarter ended March 29, 2024.Second Quarter Fiscal Year 2024 GAAP ResultsRevenue was $181.2 million, an increase of 7.0%, compared to $169.4 million in the previous year fiscal second quarter and an increase of 15.3% compared to $157.1 million in the prior fiscal quarter;Gross margin was 52.5%, compared to 60.6% in the previous year fiscal second quarter and 55.6% in the prior fiscal quarter;Income from operations was $15.4 million, or 8.5% of revenue, compared to income from operations of $35.9 million, or 21.2% of revenue, in the previous year fiscal second quarter and income from operations of $11.0 million, or 7.0% of revenue, in the prior fiscal quarter; andNet income was $15.0 million, or $0.20 per diluted share, compared to net income of $25.8 million, or $0.36 per dilute
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News
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- MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) had its price target raised by analysts at Benchmark Co. from $95.00 to $115.00. They now have a "buy" rating on the stock.MarketBeat
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- MACOM (MTSI) Q2 Earnings Beat Estimates, Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
MTSI
Earnings
- 5/2/24 - Beat
MTSI
Sec Filings
- 5/16/24 - Form 144
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- MTSI's page on the SEC website