MACOM Technology Solns: Q2 Earnings Insights

MACOM Technology Solns MTSI reported its Q2 earnings results on Thursday, May 4, 2023 at 07:30 AM.

Here's what investors need to know about the announcement.

MACOM Technology Solns beat estimated earnings by 1.28%, reporting an EPS of $0.79 versus an estimate of $0.78.

Revenue was up $4.26 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 0.8% drop in the share price the next day.

Here's a look at MACOM Technology Solns's past performance:

Quarter	Q1 2023	Q4 2022	Q3 2022	Q2 2022
EPS Estimate	0.78	0.76	0.70	0.66
EPS Actual	0.81	0.77	0.73	0.68
Revenue Estimate	179.71M	177.68M	170.82M	163.25M
Revenue Actual	180.10M	178.14M	172.26M	165.15M

To track all earnings releases for MACOM Technology Solns visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.