NASDAQ$MTSI
Macom Technology Solutions · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
MACOM's Q3 2020 financial results were announced, demonstrating revenue growth and improved profitability.
MACOM reported a 26.7% increase in revenue compared to the previous year, reaching $137.3 million. The company's gross margin improved to 51.6%, and operating income was $6.5 million, a significant turnaround from the previous year's loss. Adjusted non-GAAP EPS was $0.33 per diluted share.
- Revenue increased by 26.7% year-over-year to $137.3 million.
- Gross margin improved to 51.6% compared to 31.2% in the previous year.
- Operating income was $6.5 million, a significant improvement from the previous year's loss of $323.8 million.
- Adjusted non-GAAP EPS was $0.33 per diluted share, compared to a loss of $0.42 in the previous year.
Headline financials
Revenue & EPS history
Macom · Revenue · Quarterly
$137M
Forward guidance
For the fiscal fourth quarter ending October 2, 2020, MACOM expects revenue to be in the range of $144 million to $148 million. Adjusted gross margin is expected to be between 55% and 57%, and adjusted earnings per share is expected to be between $0.36 and $0.40 on an anticipated 69.5 million fully diluted shares outstanding.
Tailwinds
- Revenue is expected to be in the range of $144 million to $148 million.
- Adjusted gross margin is expected to be between 55% and 57%.
- Adjusted earnings per share is expected to be between $0.36 and $0.40.
- Anticipated 69.5 million fully diluted shares outstanding.
- Continued focus on engineering excellence, financial performance and execution.
Headwinds
- Guidance is based on management's beliefs and assumptions.
- Forward-looking statements are subject to risks and uncertainties.
- Potential weakening of economic conditions, including as a result of the COVID-19 pandemic.
- Dependence on a limited number of customers.
- Disruptions in the supply chain.
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 Q3 2020
+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% | — | — |
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