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Jul 03, 2020
Macom Q3 2020 Earnings Report
MACOM's Q3 2020 financial results were announced, demonstrating revenue growth and improved profitability.
Key Takeaways
MACOM reported a 26.7% increase in revenue compared to the previous year, reaching $137.3 million. The company's gross margin improved to 51.6%, and operating income was $6.5 million, a significant turnaround from the previous year's loss. Adjusted non-GAAP EPS was $0.33 per diluted share.
Revenue increased by 26.7% year-over-year to $137.3 million.
Gross margin improved to 51.6% compared to 31.2% in the previous year.
Operating income was $6.5 million, a significant improvement from the previous year's loss of $323.8 million.
Adjusted non-GAAP EPS was $0.33 per diluted share, compared to a loss of $0.42 in the previous year.
Forward Guidance
For the fiscal fourth quarter ending October 2, 2020, MACOM expects revenue to be in the range of $144 million to $148 million. Adjusted gross margin is expected to be between 55% and 57%, and adjusted earnings per share is expected to be between $0.36 and $0.40 on an anticipated 69.5 million fully diluted shares outstanding.
Positive Outlook
- Revenue is expected to be in the range of $144 million to $148 million.
- Adjusted gross margin is expected to be between 55% and 57%.
- Adjusted earnings per share is expected to be between $0.36 and $0.40.
- Anticipated 69.5 million fully diluted shares outstanding.
- Continued focus on engineering excellence, financial performance and execution.
Challenges Ahead
- Guidance is based on management's beliefs and assumptions.
- Forward-looking statements are subject to risks and uncertainties.
- Potential weakening of economic conditions, including as a result of the COVID-19 pandemic.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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