Loading...
•
Apr 01, 2022
Macom Q2 2022 Earnings Report
MACOM's financial performance for Q2 2022 was reported, demonstrating revenue growth and improved profitability.
Key Takeaways
MACOM reported a 9.7% year-over-year increase in revenue to $165.1 million for the fiscal second quarter ended April 1, 2022. The company's operating income increased to $32.6 million, and net income was $29.6 million, or $0.42 per diluted share.
Revenue increased by 9.7% year-over-year to $165.1 million.
Gross margin improved to 59.9% compared to 55.9% in the previous year's fiscal second quarter.
Operating income rose to $32.6 million from $19.0 million in the prior year.
Net income reached $29.6 million, or $0.42 per diluted share, compared to $14.8 million, or $0.21 per diluted share, in the previous year.
Forward Guidance
For the fiscal third quarter ending July 1, 2022, MACOM expects revenue to be in the range of $168 million to $172 million. Adjusted gross margin is expected to be between 61.0% and 63.0%, and adjusted earnings per share is expected to be between $0.68 and $0.72 utilizing an anticipated non-GAAP income tax rate of 3% and 71.3 million fully diluted shares outstanding.
Positive Outlook
- Revenue is expected to be in the range of $168 million to $172 million.
- Adjusted gross margin is expected to be between 61.0% and 63.0%.
- Adjusted earnings per share is expected to be between $0.68 and $0.72.
- Anticipated non-GAAP income tax rate of 3%.
- 71.3 million fully diluted shares outstanding.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...