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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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