MACOM Q3 Revenue Surges 36% to $342M, Guides Q4 Well Above Street
MTSI has more than doubled off its 52-week low of $118.16.
Summary
MACOM delivered a blowout fiscal Q3 with revenue of $342.2 million, up 35.8% year-over-year and 18.4% sequentially, crushing the prior quarter's $289 million. GAAP EPS hit $1.28 versus $0.48 a year ago, while adjusted EPS of $1.40 nearly doubled from $0.90. Gross margins expanded to 58.3% GAAP and 59.7% adjusted, reflecting strong operating leverage. The Q4 guidance is even more striking: revenue of $415-$425 million and adjusted EPS of $1.97-$2.03, implying a massive sequential ramp. The strong results were attributed to successful execution of the company's growth strategy. This follows a pattern of significant insider selling by founder Susan Ocampo and CEO Stephen Daly in recent months, but the fundamental performance and outlook overshadow those concerns.
At the time of this announcement, MTSI was trading at $286.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $20.1B. The 52-week trading range was $118.16 to $418.90. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.