Macom Q3 2022 Earnings Report
Key Takeaways
MACOM reported a revenue of $172.3 million, a 12.9% increase compared to the previous year fiscal third quarter and a 4.3% increase compared to the prior fiscal quarter. Net income was $32.2 million, or $0.45 per diluted share, compared to net income of $15.0 million, or $0.21 per diluted share, in the previous year fiscal third quarter and net income of $29.6 million, or $0.42 per diluted share, in the prior fiscal quarter.
Revenue was $172.3 million, an increase of 12.9% year-over-year and 4.3% sequentially.
Gross margin was 60.7%, compared to 57.2% in the previous year fiscal third quarter and 59.9% in the prior fiscal quarter
Operating income was $36.0 million, compared to $23.7 million in the previous year fiscal third quarter and $32.6 million in the prior fiscal quarter.
Net income was $32.2 million, or $0.45 per diluted share, compared to $15.0 million, or $0.21 per diluted share, in the previous year fiscal third quarter and $29.6 million, or $0.42 per diluted share, in the prior fiscal quarter.
Macom
Macom
Forward Guidance
For the fiscal fourth quarter ending September 30, 2022, MACOM expects revenue to be in the range of $175 million to $180 million. Adjusted gross margin is expected to be between 61.5% and 63.5%, and adjusted earnings per share is expected to be between $0.74 and $0.78.
Positive Outlook
- Revenue is expected to be in the range of $175 million to $180 million.
- Adjusted gross margin is expected to be between 61.5% and 63.5%.
- Adjusted earnings per share is expected to be between $0.74 and $0.78.
- Anticipated non-GAAP income tax rate of 3%.
- 71.4 million fully diluted shares outstanding.