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Jan 03, 2020
Macom Q1 2020 Earnings Report
MACOM's financial performance decreased compared to the previous year but increased compared to the prior fiscal quarter.
Key Takeaways
MACOM reported a revenue of $119.1 million, a decrease of 21.0% compared to the previous year's fiscal first quarter and an increase of 6.1% compared to the prior fiscal quarter. The adjusted net income was $4.9 million, or $0.07 per diluted share, compared to adjusted net income of $12.9 million, or $0.20 per diluted share, in the previous year fiscal first quarter and adjusted net income of $0.8 million, or $0.01 per diluted share, in the prior fiscal quarter.
Revenue was $119.1 million, a decrease of 21.0% compared to the previous year fiscal first quarter and an increase of 6.1% compared to the prior fiscal quarter.
Gross margin was 48.9%, compared to 50.8% in the previous year fiscal first quarter and 47.2% in the prior fiscal quarter.
Operating loss was $10.5 million, compared to a loss of $14.4 million in the previous year fiscal first quarter and a loss of $12.0 million in the prior fiscal quarter.
Net loss was $28.4 million, or $0.43 loss per diluted share, compared to net loss of $23.4 million, or $0.44 loss per diluted share, in the previous year fiscal first quarter.
Forward Guidance
For the fiscal second quarter ending April 3, 2020, MACOM expects revenue to be in the range of $122 million to $126 million. Adjusted gross margin is expected to be between 53% and 55%, and adjusted earnings per share is expected to be between $0.09 and $0.13 on an anticipated 68.0 million fully diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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