Macom Q1 2021 Earnings Report
Key Takeaways
MACOM reported a strong start to fiscal year 2021 with a 24.7% increase in revenue compared to the previous year. The company's operating income and net loss also showed significant improvement. MACOM expects revenue to be in the range of $148 million to $152 million for the fiscal second quarter ending April 2, 2021.
Revenue increased by 24.7% year-over-year to $148.5 million.
Operating income improved to $12.1 million, compared to a loss of $10.5 million in the previous year.
Net loss decreased to $9.0 million, or $0.13 loss per diluted share, compared to a net loss of $28.4 million, or $0.43 loss per diluted share, in the previous year.
Adjusted net income was $32.2 million, or $0.46 per diluted share, compared to adjusted net income of $4.9 million, or $0.07 per diluted share, in the previous year.
Macom
Macom
Forward Guidance
For the fiscal second quarter ending April 2, 2021, MACOM expects revenue to be in the range of $148 million to $152 million. Adjusted gross margin is expected to be between 57% and 59%, and adjusted earnings per share is expected to be between $0.46 and $0.50 on an anticipated 70.2 million fully diluted shares outstanding.
Positive Outlook
- Revenue to be between $148 million and $152 million.
- Adjusted gross margin is expected to be between 57% and 59%.
- Adjusted earnings per share is expected to be between $0.46 and $0.50.
- Anticipated 70.2 million fully diluted shares outstanding.