NASDAQ$MTSI
Macom Technology Solutions · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
MACOM's Q1 2024 financial results were announced, revealing a mix of revenue decrease compared to the previous year but an increase compared to the prior quarter.
MACOM reported Q1 2024 revenue of $157.1 million, a 12.7% decrease year-over-year but a 4.5% increase sequentially. GAAP net income was $12.5 million, or $0.17 per diluted share, while non-GAAP net income was $41.8 million, or $0.58 per diluted share. The company is expecting Q2 revenue between $178 million and $184 million.
- Revenue decreased by 12.7% compared to the previous year fiscal first quarter but increased 4.5% compared to the prior fiscal quarter.
- GAAP net income was $12.5 million, or $0.17 per diluted share.
- Adjusted non-GAAP net income was $41.8 million, or $0.58 per diluted share.
- The company anticipates revenue between $178 million and $184 million for the fiscal second quarter ending March 29, 2024.
Headline financials
Revenue & EPS history
Macom · Revenue · Quarterly
$157M
Forward guidance
For the fiscal second quarter ending March 29, 2024, MACOM expects revenue to be in the range of $178 million to $184 million. Adjusted gross margin is expected to be between 56% and 58%, and adjusted earnings per diluted share is expected to be between $0.56 and $0.62 utilizing an anticipated non-GAAP income tax rate of 3% and 73.0 million fully diluted shares outstanding.
Tailwinds
- Revenue is expected to be in the range of $178 million to $184 million.
- Adjusted gross margin is expected to be between 56% and 58%.
- Adjusted earnings per diluted share is expected to be between $0.56 and $0.62.
- Anticipated non-GAAP income tax rate of 3%.
- 73.0 million fully diluted shares outstanding are expected.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+1.6%
Avg return
Earnings day
+3.0%
Avg return
5 days after
+5.6%
Avg return
30 days after
55%
34 / 62 earnings
Positive
+24.0%
Q2 2018
Best reaction
-32.8%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +11.2% | +17.0% | +11.4% | |
| Q1 2026 | +5.9% | +7.2% | -3.5% | |
| Q4 2025 | +11.4% | +13.6% | +23.0% | |
| Q2 2025 | +5.5% | +8.7% | +10.3% | |
| Q1 2025 | -4.6% | -9.9% | -24.3% | |
| Q4 2024 | +13.1% | +8.2% | +14.1% | |
| Q3 2024 | -3.8% | -3.7% | +8.2% | |
| Q2 2024 | +3.8% | +3.9% | +2.0% | |
| Q1 2024 | -6.9% | -7.3% | +7.5% | |
| Q4 2023 | +5.6% | +12.2% | +18.3% | |
| Q3 2023 | +10.9% | +12.7% | +23.6% | |
| Q2 2023 | -1.1% | -5.7% | +7.3% | |
| Q1 2023 | -3.7% | +0.1% | +4.0% | |
| Q4 2022 | +12.4% | +15.6% | +19.7% | |
| Q3 2022 | +6.2% | +8.0% | +5.9% | |
| Q2 2022 | -0.9% | +2.9% | +6.6% | |
| Q1 2022 | -4.7% | -2.8% | -4.0% | |
| Q4 2021 | -0.3% | +0.7% | +0.6% | |
| Q3 2021 | +3.0% | +1.7% | +3.7% | |
| Q2 2021 | -8.1% | -12.5% | -3.9% | |
| Q1 2021 | +1.6% | +13.4% | +15.0% | |
| Q4 2020 | +8.1% | +3.4% | +19.7% | |
| Q3 2020 | +19.6% | +17.1% | +0.6% | |
| Q2 2020 | +15.2% | +8.9% | +19.2% | |
| Q1 2020 | +12.9% | +4.5% | -11.3% | |
| Q4 2019 | +13.0% | +10.5% | +12.4% | |
| Q3 2019 | -1.1% | +0.4% | +0.1% | |
| Q2 2019 | +18.7% | +15.2% | +13.8% | |
| Q1 2019 | -19.3% | -13.0% | -6.9% | |
| Q4 2018 | +20.6% | +21.0% | +6.4% | |
| Q3 2018 | -4.8% | -0.7% | +4.6% | |
| Q2 2018 | +24.0% | +29.1% | +35.7% | |
| Q1 2018 | -32.8% | -33.8% | -20.8% | |
| Q4 2017 | -17.9% | -10.2% | -13.3% | |
| Q3 2017 | -24.9% | -30.4% | -24.8% | |
| Q2 2017 | -6.8% | -9.5% | +10.9% | |
| Q1 2017 | -5.4% | -1.9% | -5.6% | |
| Q4 2016 | +8.4% | +15.1% | +21.7% | |
| Q3 2016 | +6.2% | +6.1% | +11.2% | |
| Q2 2016 | +7.7% | — | — | |
| Q1 2016 | -1.9% | — | — | |
| Q4 2015 | +4.0% | — | — | |
| Q3 2015 | +11.3% | — | — | |
| Q2 2015 | +4.3% | — | — | |
| Q1 2015 | -8.0% | — | — | |
| Q4 2014 | +8.6% | — | — | |
| Q3 2014 | -3.0% | — | — | |
| Q2 2014 | +1.7% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | -7.6% | — | — | |
| Q3 2013 | +4.6% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q1 2013 | +1.4% | — | — | |
| Q4 2010 | +5.2% | — | — | |
| Q1 2011 | +5.2% | — | — | |
| Q4 2012 | +1.4% | — | — | |
| Q3 2012 | -6.6% | — | — | |
| Q3 2011 | -6.6% | — | — | |
| Q2 2011 | -4.0% | — | — | |
| Q2 2012 | -4.0% | — | — | |
| Q4 2011 | -4.0% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro