Macom Tech Solutions Hldgs Inc - MTSI STOCK NEWS

MACOM Technology Solutions Inc. has announced partner appreciation awards to the Broad Institute and CIC Health for their collaboration on an onsite COVID-19 testing program. Established in September 2020 at MACOM's Lowell, MA headquarters, the program offered employees free PCR testing with results in under 24 hours. Ambra Roth emphasized the value of the partnership, while both Broad Institute and CIC Health highlighted their commitment to efficient testing solutions during the pandemic. MACOM specializes in semiconductor products across various industries, serving over 6,000 customers annually.

MACOM Technology Solutions has appointed Hualiang Xiong as President of MACOM China, enhancing its leadership in the region. Mr. Xiong, who joined MACOM in January 2015, previously served as Vice President of Asia Sales, contributing to the company's growth in the Asia Pacific market. His role now includes overseeing business development and customer relations in China. CEO Stephen G. Daly expressed confidence in Mr. Xiong's ability to drive results within the China team, further expanding MACOM's capabilities in this crucial market.

MACOM Technology Solutions Holdings (MTSI) reported its fiscal fourth quarter and year results, showing a revenue increase to $155.2 million, up 5.4% year-over-year. Gross margin improved to 58.1%, with operating income reaching $26.3 million. Net income slightly decreased to $17.1 million or $0.24 per diluted share. For the fiscal year, revenue was $606.9 million, a 14.5% increase, with adjusted net income of $151.9 million or $2.15 per diluted share. Looking ahead, MACOM expects first-quarter revenue between $157 million and $161 million.

MACOM Technology Solutions has launched a new high-performance linear equalizer product line designed for high-speed applications including Ethernet and Fibre Channel. These products support data rates from 50 Gbps to 800 Gbps and utilize PAM-4 connectivity. Notably, they can extend copper cable performance to 7.5 meters at 56 Gbps. Key models include MAEQ-38902 and MAEQ-39904, which offer low power consumption and latency. This innovation is aimed at enhancing cloud computing and data center connectivity.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) will announce its financial results for Q4 and fiscal year ending October 1, 2021, before market open on November 4, 2021. A conference call led by CEO Stephen G. Daly and CFO John F. Kober will take place at 8:30 a.m. ET on the same day. Participants can call in using 1-877-837-3908 or +1-973-872-3000 for international listeners, with the pass code 8292456. The call will be available for replay and will stream live on MACOM's Investor Relations website for up to 90 days.

MACOM Technology Solutions has achieved the IATF16949:2016 certification for its Lowell, Massachusetts semiconductor manufacturing facility. This certification, based on ISO9001, focuses on quality management systems in the automotive sector. It reflects MACOM's dedication to producing high-quality semiconductor products as the automotive industry's demand for such technologies grows. CEO Stephen G. Daly noted that this certification aligns with the company's long-term growth strategy, enhancing its capability to meet expanding semiconductor needs in the automotive market.

MACOM Technology Solutions has announced a collaboration with Broadcom to enhance interoperability between Broadcom’s PAM-4 DSP and MACOM’s transimpedance amplifiers (TIAs) for data center applications. This partnership will support 53 Gbps per lane VCSEL for short reach and 100 Gbps per lane EML for long reach solutions, including Broadcom’s 7nm Centenario DSP and MACOM’s TIAs optimized for 400G and 800G optical modules. The collaboration aims to provide high-performance solutions for data centers, thus shortening design cycles for module manufacturers.

MACOM Technology Solutions Inc. will showcase its latest optoelectronic and photonic components at the China International Optoelectronic Exposition (CIOE) 2021 from September 16-18 in Shenzhen, China. Highlights include a 112 Gbps TIA Family for single mode applications, a comprehensive 10 Gbps component solution for PON applications, and advanced 200 Gbps and 400 Gbps chipsets. Additionally, MACOM will present a 50 Gbps reference design for 5G wireless applications. Visitors can meet with MACOM's engineering and sales teams at Booth #6B71.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported its fiscal third quarter 2021 results, achieving revenue of $152.6 million, an increase of 11.2% year-over-year. Gross margin improved to 57.2%, and operating income rose to $23.7 million. The net income was $15.0 million, or $0.21 per diluted share, a significant recovery from a net loss of $25.0 million in the prior year. For Q4, MACOM forecasts revenue between $153 million and $157 million with adjusted EPS projected between $0.56 and $0.60.