Overview
MACOM fiscal Q3 revenue grows 32.3% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 meets analyst estimates, reflecting stable performance
The supplier of semiconductor technologies for optical, wireless and satellite networks expects Q4 revenue of $256 mln-$264 mln
Outlook
MACOM expects Q4 revenue between $256 mln and $264 mln
Company anticipates Q4 adjusted EPS between $0.91 and $0.95
MACOM sees Q4 adjusted gross margin between 56% and 58%
Result Drivers
PRODUCT PORTFOLIO - CEO attributes revenue growth to competitive product portfolio and market momentum
GROSS MARGIN - Slight improvement in gross margin to 55.3% compared to previous year
OPERATIONAL EFFICIENCY - Increase in adjusted income from operations reflects improved operational efficiency
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $252.08 mln | $249.80 mln (14 Analysts) |
Q3 Adjusted EPS | Meet | $0.9 | $0.9 (14 Analysts) |
Q3 Net Income | $36.53 mln | ||
Q3 Gross Profit | $139.44 mln | ||
Q3 Income From Operations | $37.66 mln | ||
Q3 Pretax Profit | $44.08 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for MACOM Technology Solutions Holdings Inc is $150.00, about 7.3% above its August 6 closing price of $139.03
The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nGNX4lrMq7
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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