Macom Q2 2021 Earnings Report
Key Takeaways
MACOM announced its financial results for the fiscal second quarter ended April 2, 2021, with revenue of $150.6 million, a 19.1% increase compared to the previous year. The company reported net income of $14.8 million, or $0.21 per diluted share, a significant improvement from the previous year's net loss.
Revenue increased by 19.1% year-over-year to $150.6 million.
Gross margin improved to 55.9% compared to 50.1% in the previous year.
Operating income was $19.0 million, a significant improvement from the previous year's operating loss of $5.3 million.
Net income reached $14.8 million, or $0.21 per diluted share, compared to a net loss of $10.2 million in the previous year.
Macom
Macom
Forward Guidance
For the fiscal third quarter ending July 2, 2021, MACOM expects revenue to be in the range of $150 million to $154 million. Adjusted gross margin is expected to be between 58% and 60%, and adjusted earnings per share is expected to be between $0.52 and $0.56 on an anticipated 71.0 million fully diluted shares outstanding.
Positive Outlook
- Revenue to be in the range of $150 million to $154 million.
- Adjusted gross margin is expected to be between 58% and 60%.
- Adjusted earnings per share is expected to be between $0.52 and $0.56.
- Anticipated 71.0 million fully diluted shares outstanding.