Macom Q2 2024 Earnings Report
Key Takeaways
MACOM reported a 7.0% increase in revenue to $181.2 million compared to the previous year's fiscal second quarter. Net income was $15.0 million, or $0.20 per diluted share. The company is optimistic about continued improvements in financial performance in the second half of the fiscal year.
Revenue increased by 7.0% year-over-year to $181.2 million.
Net income reached $15.0 million, with diluted EPS at $0.20.
Adjusted gross margin was 57.1%.
MACOM anticipates revenue between $187 million and $193 million for the next quarter.
Macom
Macom
Forward Guidance
For the fiscal third quarter ending June 28, 2024, MACOM expects revenue to be in the range of $187 million to $193 million. Adjusted gross margin is expected to be between 56% and 58%, and adjusted earnings per diluted share is expected to be between $0.63 and $0.69.
Positive Outlook
- Revenue expected to be in the range of $187 million to $193 million.
- Adjusted gross margin is expected to be between 56% and 58%.
- Adjusted earnings per diluted share is expected to be between $0.63 and $0.69.
- Anticipated non-GAAP income tax rate of 3%.
- 74.0 million fully diluted shares outstanding expected.