Macom Q1 2022 Earnings Report
Key Takeaways
MACOM reported revenue of $159.6 million, a 7.5% increase compared to the previous year. Net income was $138.8 million, or $1.95 per diluted share, which includes a $118.2 million gain from the sale of equity interest in Ampere Computing Holdings LLC.
Revenue increased by 7.5% year-over-year to $159.6 million.
Gross margin improved to 59.0% compared to 54.0% in the previous year.
Operating income rose to $27.1 million, up from $12.1 million in the prior year.
Net income was $138.8 million, or $1.95 per diluted share, including a gain from the sale of equity interest.
Macom
Macom
Forward Guidance
For the fiscal second quarter ending April 1, 2022, MACOM expects revenue to be in the range of $161 million to $165 million, adjusted gross margin is expected to be between 60.0% and 62.0%, and adjusted earnings per share is expected to be between $0.64 and $0.68.
Positive Outlook
- Revenue is expected to be in the range of $161 million to $165 million.
- Adjusted gross margin is expected to be between 60.0% and 62.0%.
- Adjusted earnings per share is expected to be between $0.64 and $0.68.
- Anticipated non-GAAP income tax rate of 3%.
- 71.4 million fully diluted shares outstanding.