NASDAQ$MTSI
Macom Technology Solutions · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
MACOM's financial performance decreased compared to the previous year, with revenue and income from operations declining, but increased slightly compared to the prior quarter.
MACOM Technology Solutions Holdings, Inc. reported its fiscal fourth quarter and fiscal year 2023 financial results. The company's Q4 revenue was $150.4 million, a 15.6% decrease compared to the previous year's Q4. Net income for the quarter was $24.5 million, or $0.34 per diluted share.
- Q4 revenue was $150.4 million, a decrease of 15.6% year-over-year.
- Gross margin was 57.6%, compared to 60.9% in the previous year fiscal fourth quarter.
- Net income was $24.5 million, or $0.34 per diluted share, compared to $239.3 million, or $3.36 per diluted share, in the previous year fiscal fourth quarter.
- Adjusted net income was $40.1 million, or $0.56 per diluted share, compared to $55.1 million, or $0.77 per diluted share, in the previous year fiscal fourth quarter.
Headline financials
Revenue & EPS history
Macom · Revenue · Quarterly
$150M
Forward guidance
For the fiscal first quarter ending December 29, 2023, MACOM expects revenue to be in the range of $149 million to $153 million.
Tailwinds
- Adjusted gross margin is expected to be between 59% and 61%.
- Adjusted earnings per diluted share is expected to be between $0.55 and $0.59.
- Anticipated non-GAAP income tax rate of 3%.
- 72.2 million fully diluted shares outstanding.
- Focusing on highest frequency applications will strengthen market position
Headwinds
- Revenue expected to be between $149 million and $153 million, indicating potential stagnation.
- Adjusted earnings per diluted share expected to be between $0.55 and $0.59, reflecting potential earnings challenges.
- Economic downturn or recession.
- Component shortages or other disruptions in our supply chain.
- Dependence on a limited number of customers.
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 2023
+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