MACOM revenue rises 7% to $181.2 million, but GAAP net income falls to $15.0 million
MACOM reported fiscal second quarter 2024 revenue of $181.2 million, up 7.0% from a year earlier, but GAAP net income fell to $15.0 million, or $0.20 per diluted share, from $25.8 million, or $0.36, a year earlier. The company guided fiscal third quarter revenue to $187 million to $193 million and adjusted earnings per diluted share to $0.63 to $0.69.
Key points
- Revenue was $181.2 million, up 7.0% from $169.4 million a year earlier and up 15.3% from $157.1 million in the prior quarter.
- GAAP gross margin fell to 52.5% from 60.6% a year earlier; GAAP income from operations was $15.4 million, down from $35.9 million.
- Adjusted net income was $43.2 million, or $0.59 per diluted share, compared with $56.7 million, or $0.79, a year earlier.
- For the quarter ending June 28, 2024, MACOM expects revenue of $187 million to $193 million and adjusted gross margin of 56% to 58%.
The filing
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 May 02, 2024.
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