Macom Tech Solutions Hldgs Inc Stock Price, News & Analysis

MACOM Technology Solutions will showcase its latest products at the Optical Networking and Communications Conference (OFC) in San Diego from March 7–9, 2023, at Booth #3927. The demonstrations will feature state-of-the-art solutions including MACOM PURE DRIVE 100Gbps Linear Drive, 800G multimode QSFP-DD, and more. Attendees can engage with engineers and learn about MACOM's innovative semiconductor technologies designed for telecommunications and data center applications. The company emphasizes its commitment to high-performance products and has received several quality certifications, serving over 6,000 customers globally.

MACOM Technology Solutions Inc. demonstrated its Linear Drive 100Gbps optical links at the Optical Networking and Communications Conference 2023 in San Diego. This technology eliminates the need for Digital Signal Processors, thereby reducing power consumption and costs while improving signal latency. The demonstration featured collaboration with Broadcom, showcasing MACOM's PURE DRIVE chips alongside Broadcom’s Tomahawk 5 switch chip. MACOM aims to optimize interconnects for AI/ML clusters, highlighting the importance of performance and efficiency in modern networking.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported its Q1 fiscal 2023 results, showing a 12.8% year-over-year revenue increase to $180.1 million. The gross margin improved to 61.3%, up from 59.0% the previous year. Operating income rose to $38.6 million, representing 21.4% of revenue, compared to 17.0% in Q1 2022. However, net income decreased to $29.5 million or $0.41 per diluted share, down from $138.8 million in the prior year due to the absence of significant one-time gains. For Q2 2023, MACOM anticipates revenue between $166 million and $170 million.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has announced its definitive agreement to acquire OMMIC SAS, a semiconductor manufacturer located near Paris, for approximately €38.5 million. This acquisition aims to enhance MACOM's capabilities in wafer fabrication and microwave integrated circuit processing. With OMMIC's expertise in Gallium Arsenide (GaAs) and Gallium Nitride (GaN), MACOM seeks to expand its presence in the European telecommunications, industrial, and aerospace markets. The transaction is expected to close in MACOM's fiscal second quarter of 2023, subject to regulatory approvals.

MACOM Technology Solutions Holdings (NASDAQ: MTSI) will announce its first quarter fiscal year 2023 financial results on February 2, 2023, before market open. The results will be followed by a conference call at 8:30 AM ET, hosted by CEO Stephen G. Daly and CFO John F. Kober. MACOM specializes in high-performance semiconductor products, servicing over 6,000 customers globally, with a diverse product portfolio across various technologies. The company is certified to several international quality and environmental standards, operating in the US, Europe, and Asia.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported strong fiscal Q4 and full-year results for 2022. Q4 revenue reached $178.1 million, up 14.8% YoY, with a gross margin of 60.9%. Operating income increased to $37.0 million, and net income surged to $239.3 million, driven by a significant tax benefit. For the full fiscal year, revenue was $675.2 million, up 11.2% from 2021, with a net income of $440.0 million. Looking ahead, MACOM expects Q1 2023 revenue between $177 million and $182 million.

MACOM Technology Solutions Holdings (NASDAQ: MTSI) is set to announce its fourth quarter and fiscal year financial results for the period ending September 30, 2022, on November 3, 2022, before market open. A conference call with CEO Stephen G. Daly and CFO John F. Kober will follow at 8:30 a.m. ET on the same day. Investors can access the call live or via replay on MACOM's Investor Relations Website.

MACOM specializes in high-performance semiconductor products across various industries, serving over 6,000 customers globally.

MACOM Technology Solutions Inc. has unveiled its new 400G chipset, known as MACOM PURE DRIVE™, at the European Conference on Optical Communication. This chipset features linear drivers and transimpedance amplifiers (TIAs) designed for optical interconnects. The innovation aims to cut power consumption by over 50% and minimize latency for applications like machine learning. Other benefits include reduced signal retiming costs and improved thermal management. The chipset will support configurations up to 1.6TB for enhanced data throughput.

MACOM Technology Solutions Holdings (NASDAQ: MTSI) has appointed Jihye Whang Rosenband as an independent director, effective September 8, 2022. Rosenband brings over 20 years of semiconductor experience, having held various roles including CEO of SPGL Acquisition Corporation. Concurrently, independent director Gil VanLunsen will retire from the Board on January 31, 2023, after 12 years of service. Chairman John Ocampo praised VanLunsen's contributions to MACOM’s growth and stockholder value.