Published on 3 May 2024 on Zacks via Yahoo Finance
MACOM (MTSI) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
MACOM Technology Solutions Holdings, Inc. MTSI delivered second-quarter fiscal 2024 non-GAAP earnings of 59 cents per share, which beat the Zacks Consensus Estimate by 1.72%. However, the bottom line declined 25.3% from the year-ago quarter’s reported figure.Revenues of $181.23 million surpassed the Zacks Consensus Estimate by 0.15%. The top line increased 7% from the year-ago quarter’s figure, owing to strength across the data center and industrial & defense markets.MACOM remains optimistic about its product portfolio strength and growth prospects across industrial & defense, data center and telecom markets.MACOM has returned 6.5% in the year-to-date period, outperforming the industry’s decline of 0.4%.However, the company witnessed softness in the telecom market during the reported quarter.
MACOM Technology Solutions Holdings, Inc. Price, Consensus and EPS Surprise
