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Jun 28, 2024
Macom Q3 2024 Earnings Report
MACOM's financial performance increased in Q3 2024, with revenue growth and improved profitability.
Key Takeaways
MACOM reported a strong fiscal third quarter in 2024, with revenue reaching $190.5 million, a 28.3% increase year-over-year. Net income also increased to $19.9 million, or $0.27 per diluted share. The company's adjusted non-GAAP EPS was $0.66.
Revenue increased by 28.3% year-over-year to $190.5 million.
Net income rose to $19.9 million, or $0.27 per diluted share.
Adjusted gross margin was 57.5%.
Company expects revenue of $197 million to $203 million for the next quarter.
Forward Guidance
For the fiscal fourth quarter ending September 27, 2024, MACOM expects revenue to be in the range of $197 million to $203 million. Adjusted gross margin is expected to be between 57% and 59%, and adjusted earnings per diluted share is expected to be between $0.70 and $0.76 utilizing an anticipated non-GAAP income tax rate of 3% and 75.0 million fully diluted shares outstanding.
Positive Outlook
- Revenue expected to be in the range of $197 million to $203 million.
- Adjusted gross margin is expected to be between 57% and 59%.
- Adjusted earnings per diluted share is expected to be between $0.70 and $0.76.
- Anticipated non-GAAP income tax rate of 3%.
- 75.0 million fully diluted shares outstanding.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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