Macom Technology Solutions ( (MTSI) ) has released its Q4 earnings. Here is a breakdown of the information Macom Technology Solutions presented to its investors.
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MACOM Technology Solutions Holdings, Inc. is a prominent provider of semiconductor products, serving industries such as Industrial and Defense, Data Center, and Telecommunications with its advanced RF, Microwave, Analog, and Mixed Signal technologies.
In its latest earnings report for the fiscal fourth quarter and year ending September 27, 2024, MACOM reported substantial revenue growth, with the quarterly revenue reaching $200.7 million, marking a 33.5% increase from the previous year. However, the gross margin saw a slight decline to 54.7% compared to the previous year’s 57.6%.
Key highlights from the report include a significant rise in income from operations, which was $27.5 million, up from $15.6 million a year ago. The net income for the quarter was $29.4 million, translating to $0.39 per diluted share, showing an improvement from the $0.34 per share in the previous year’s equivalent quarter. For the full fiscal year, MACOM’s revenue increased by 12.5% to $729.6 million, although the gross margin declined from 59.5% to 54.0%.
Looking forward, MACOM’s management anticipates continued growth in the upcoming fiscal quarter, projecting revenue between $212 million and $218 million. The company remains focused on expanding its customer base and enhancing its product offerings to drive further growth and market share gains.
