MACOM Technology Solutions Holdings Inc MTSI reported a fourth-quarter (Q4) revenue decline of 15.6% Y/Y to $150.4 million, missing the analyst consensus of $150.8 million.
Adjusted gross margin contracted to 60.1% from 62.6% a year ago, while the adjusted operating margin fell to 24.7% from 32% the prior year.
Adjusted EPS of 56 cents in line with the consensus.
MACOM generated $166.9 million in operating cash flow and held $174 million in cash and equivalents.
Q1 Outlook: MACOM sees revenue of $149 million-$153 million vs. $155.22 million estimate. It sees an adjusted EPS of 55 cents to 59 cents vs. consensus of 59 cents.
"We believe focusing on the highest frequency, highest power and highest data rate applications will further strengthen our market position and results in fiscal year 2024," said CEO Stephen G. Daly.
Price Action: MTSI shares traded higher by 3.38% at $75.48 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
