Macom Technology Solutions Holdings, Inc.
MACOM Technology Solutions Reports Fiscal Q4 and FY 2024 Financial Results
Summary
MACOM Technology Solutions Holdings, Inc. reported its financial results for the fiscal fourth quarter and year ended September 27, 2024. For the fourth quarter, revenue was $200.7 million, up 33.5% year-over-year. Non-GAAP net income was $54.2 million, or $0.73 per diluted share, compared to $48.9 million, or $0.66 per diluted share in the previous year. Full-year revenue was $729.6 million, a 12.5% increase, with non-GAAP net income of $188.2 million, or $2.56 per diluted share. The company expects Q1 2025 revenue between $212 million and $218 million with adjusted earnings per share between $0.75 and $0.81.
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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.
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