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AI brief of an SEC Form 8-K · MACOM Technology Solutions (MTSI)

MACOM revenue falls 12.7% to $157.1 million; net income $12.5 million, $0.17 a share

Mixed Impact 3 of 5 earnings Written later

MACOM reported fiscal first quarter 2024 revenue of $157.1 million, down 12.7% from a year earlier but up 4.5% from the prior quarter. GAAP net income was $12.5 million, or $0.17 per diluted share, compared with $29.5 million, or $0.41, a year earlier. For the fiscal second quarter ending March 29, 2024, the company expects revenue of $178 million to $184 million.

Key points

  • Revenue was $157.1 million, down from $180.1 million a year earlier and up from $150.4 million in the prior quarter
  • GAAP gross margin was 55.6%, compared with 61.3% a year earlier
  • Adjusted net income was $41.8 million, or $0.58 per diluted share, compared with $58.0 million, or $0.81, a year earlier
  • Outlook for the quarter ending March 29, 2024: revenue of $178 million to $184 million and adjusted earnings of $0.56 to $0.62 per diluted share

The filing

CompanyMACOM Technology Solutions (MTSI)
Form8-K, current report
Filed with the SECFeb 1, 2024, 7:31 AM ET
Accession number0001493594-24-000024

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 01, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.