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Sep 27, 2024
Macom Q4 2024 Earnings Report
Macom's Q4 2024 earnings report released, revealing revenue growth and increased net income.
Key Takeaways
MACOM reported a 33.5% increase in revenue compared to the previous year's fiscal fourth quarter, along with an increase in net income. Revenue reached $200.7 million, and net income was $29.4 million, or $0.39 per diluted share.
Revenue increased by 33.5% year-over-year, reaching $200.7 million.
Gross margin was 54.7%, compared to 57.6% in the previous year fiscal fourth quarter.
Net income increased to $29.4 million, or $0.39 per diluted share.
Adjusted net income was $54.2 million, or $0.73 per diluted share, compared to $40.1 million, or $0.56 per diluted share, in the previous year fiscal fourth quarter.
Macom
Macom
Forward Guidance
For the fiscal first quarter ending January 3, 2025, MACOM expects revenue to be in the range of $212 million to $218 million. Adjusted gross margin is expected to be between 57% and 59%, and adjusted earnings per diluted share is expected to be between $0.75 and $0.81.
Positive Outlook
- Revenue to be in the range of $212 million to $218 million.
- Adjusted gross margin is expected to be between 57% and 59%.
- Adjusted earnings per diluted share is expected to be between $0.75 and $0.81.
- Anticipated non-GAAP income tax rate of 3%.
- 75.0 million fully diluted shares outstanding.