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
Macom Revenue by Segment
Macom Revenue by Geographic Location
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income