NASDAQ$MTSI

Macom Technology Solutions · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MACOM's revenue increased by 31.2% compared to the previous year fiscal fourth quarter.

MACOM reported fiscal fourth quarter results with revenue of $147.2 million, a 31.2% increase year-over-year. The company's net income was $17.5 million, or $0.22 per diluted share, compared to net income of $10.5 million, or $0.16 per diluted share, in the previous year fiscal fourth quarter.

  • Revenue was $147.2 million, up 31.2% year-over-year.
  • Gross margin was 52.8%, compared to 47.2% in the previous year fiscal fourth quarter.
  • Operating income was $12.7 million, compared to an operating loss of $12.0 million in the previous year fiscal fourth quarter.
  • Net income was $17.5 million, or $0.22 per diluted share, compared to net income of $10.5 million, or $0.16 per diluted share, in the previous year fiscal fourth quarter.

Headline financials

Total Revenue

$147M

Previous: $112M+31.2%
EPS (adj)

$0.40

Previous: $0.01+3900.0%
Adjusted Gross Margin

56.4%

No prior period
Capital Expenditures

$4.92M

Previous: $6.06M-18.9%
Free Cash Flow

$69.5M

Previous: -$13.6M+609.6%
Net Income

$17.5M

Previous: $8.11M+115.7%
Operating Income

$12.7M

Previous: -$12M+205.8%
Gross Profit

$77.7M

Previous: $52.9M+46.8%
Cash & Equivalents

$129M

Previous: $75.5M+71.4%
Total Assets

$1.15B

Previous: $1.11B+3.7%
Stock-Based Comp

$8.75M

Previous: $3.63M+141.2%

Revenue & EPS history

Macom · Revenue · Quarterly

$147M

Q4 2020+31.2%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

For the fiscal first quarter ending January 1, 2021, MACOM expects revenue to be in the range of $146 million to $150 million. Adjusted gross margin is expected to be between 56% and 58%, and adjusted earnings per share is expected to be between $0.41 and $0.45 on an anticipated 69.8 million fully diluted shares outstanding.

Tailwinds

  • Revenue to be in the range of $146 million to $150 million
  • Adjusted gross margin is expected to be between 56% and 58%
  • Adjusted earnings per share is expected to be between $0.41 and $0.45
  • Anticipated 69.8 million fully diluted shares outstanding

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 Q4 2020

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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