Form 8-K · Current Report · Filed 2024-08-01
MACOM Reports Strong Q3 2024 Financial Results
MACOM Technology Solutions Holdings, Inc. reported its fiscal third quarter 2024 financial results on August 1, 2024, with a 28.3% increase in revenue year-over-year and a 5.1% increase sequentially. GAAP net income rose to $19.9 million, or $0.27 per diluted share, compared to $11.9 million, or $0.17 per diluted share, in the previous year fiscal third quarter. Adjusted non-GAAP net income was $48.9 million, or $0.66 per diluted share. The company also provided guidance for the fiscal fourth quarter, expecting revenue between $197 million and $203 million.
- Filer
- Macom Technology Solutions Holdings, Inc. MTSI · NASDAQ
- Filed
- Accession
- 0001493594-24-000050
- CIK
- 0001493594
- Signal
- Medium impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$100.92
Next session
-3.8%
Since filing
+149.1%
Latest close
$251.44
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MTSI reporting the same item, with the next session's move:
Exhibits (1)
About Macom Technology Solutions Holdings, Inc.
Macom Technology Solutions Holdings, Inc. is a prominent player in the semiconductor industry, specializing in the design and manufacture of a comprehensive array of analog and mixed-signal products. These products are crucial components in various high-demand sectors such as telecommunications, defense, automotive, and industrial markets. Macom’s technology solutions are central to systems requiring power optimization and enable critical functions within wireless and wireline infrastructure. The company's offerings include RF power products, diodes, amplifiers, and various networks solutions that cater to both commercial and military applications. Macom's contributions are vital in supporting infrastructure expansions and technological advancements, particularly in areas like 5G networks, satellite communications, and radar systems. With its strategic focus on innovation and performance, Macom Technology Solutions Holdings, Inc. plays a significant role in powering the complex communications frameworks of today and the future.
Never miss another MTSI filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.