Company Meets Quarterly Earnings Estimates and Provides Optimistic Future Outlook
Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 7% year on year to $181.2 million. The company expects next quarter's revenue to be around $190 million, slightly above analysts' estimates. It made a non-GAAP profit of $0.59 per share, down from its profit of $0.79 per share in the same quarter last year.
LOWELL, Mass., May 02, 2024--MACOM Technology Solutions Holdings, Inc. ("MACOM") (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal second quarter ended March 29, 2024.