Every material Form 8-K MACOM Technology Solutions filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
MACOM closed on December 19, 2024 the issuance of $344.3 million of 0.000% convertible senior notes due 2029 and about 1,582,958 new common shares. About $288.8 million of the notes and shares went to holders who exchanged $257.7 million of 0.250% notes due 2026, and the company received no cash from that exchange. The separate $55.5 million private placement produced about $49.9 million in net proceeds for general corporate purposes, and the notes add new debt that shareholders may see in the company's future dilution and obligations.
Notes total $344,316,000 in principal, with a maturity date of December 15, 2029
About $288.8 million of notes and common stock were issued in exchange for about $257.7 million of 0.250% notes due 2026
A $55.5 million private placement produced net proceeds of about $49.9 million, expected for general corporate purposes
Initial conversion price is about $174.03 per share, a 27.5% premium to the $136.49 last sale price on December 12, 2024
MACOM reported fiscal fourth-quarter 2024 revenue of $200.7 million, up 33.5% from a year earlier, and GAAP net income of $29.4 million, or $0.39 per diluted share, up from $0.34. For the full fiscal year, revenue rose 12.5% to $729.6 million, but GAAP net income fell to $76.9 million, or $1.04 per diluted share, from $91.6 million, or $1.28, a year earlier. The company guided fiscal first-quarter revenue to $212 million to $218 million and adjusted earnings per diluted share to $0.75 to $0.81.
Q4 fiscal 2024 revenue was $200.7 million, up 33.5% year over year and 5.4% from the prior quarter
Q4 GAAP diluted EPS was $0.39 vs. $0.34 a year earlier; adjusted diluted EPS was $0.73 vs. $0.56
Fiscal 2024 GAAP income from operations was $73.7 million vs. $107.4 million; adjusted income from operations was $175.0 million vs. $189.6 million
Fiscal Q1 2025 (ending January 3, 2025) outlook: revenue of $212 million to $218 million; adjusted EPS of $0.75 to $0.81
MACOM reported fiscal third-quarter 2024 results for the period ended June 28, 2024, with revenue of $190.5 million, up 28.3% from a year earlier and 5.1% from the prior quarter. GAAP net income was $19.9 million, or $0.27 per diluted share, compared with $0.17 a year earlier. The company also expects fiscal fourth-quarter revenue of $197 million to $203 million and adjusted earnings of $0.70 to $0.76 per diluted share.
Revenue was $190.5 million, up 28.3% from $148.5 million a year earlier and up 5.1% from $181.2 million in the prior quarter.
GAAP gross margin was 53.2%, down from 58.0% a year earlier and up from 52.5% in the prior quarter.
GAAP net income was $19.9 million, or $0.27 per diluted share; adjusted net income was $48.9 million, or $0.66 per diluted share.
For the quarter ending September 27, 2024, MACOM expects revenue of $197 million to $203 million and adjusted diluted EPS of $0.70 to $0.76.
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.
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%.
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.
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
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every MACOM Technology Solutions filing is on SEC EDGAR ↗. 8-K briefs of other companies →