Macom Tech Solutions Hldgs Inc Stock Price, News & Analysis

MACOM Technology Solutions Inc. is set to showcase live demonstrations of its advanced semiconductor products during the OFC conference from March 6-10, 2022, in San Diego, California. The demonstrations will highlight innovative solutions for Telecommunications, Data Center, and Industrial applications, including a new low-cost, low-power PAM-4 analog chipset, Linear Equalizers, and more. A short course on LiDAR technologies will be led by VP Martin Zirngibl, discussing 3D sensing applications. MACOM aims to engage with over 6,000 customers, emphasizing its commitment to high-performance technology.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported a strong fiscal Q1 2022, with revenue of $159.6 million, up 7.5% year-over-year. Gross margin increased to 59.0%, and operating income rose to $27.1 million. The net income, boosted by a $118.2 million gain from the sale of Ampere Computing equity, reached $138.8 million or $1.95 per diluted share, compared to a net loss last year. Adjusted estimates for Q2 2022 predict revenue between $161 million and $165 million and adjusted EPS of $0.64 to $0.68.

MACOM Technology Solutions announced that its manufacturing sites in North Carolina, New Hampshire, Michigan, and Massachusetts achieved AS9100D certification, a recognized Quality Management System standard for the Aviation, Space, and Defense sectors. This certification underscores MACOM's commitment to product quality and supports its long-term growth strategy. The AS9100D standard builds on ISO 9001, focusing on safe aerospace product development and production. MACOM serves over 6,000 customers globally with various semiconductor technologies.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) will announce its financial results for Q1 FY2022, ending December 31, 2021, on January 27, 2022, before market opening. A conference call with CEO Stephen G. Daly and CFO John F. Kober will follow at 8:30 a.m. Eastern Time. Investors can access the call via phone or listen live online, with a replay available for five business days. MACOM is recognized for its high-performance semiconductor products across various industries, supporting over 6,000 customers globally.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) has successfully sold its equity interest in Ampere Computing Holdings LLC to Denver Acquisition Corp. for approximately $127.7 million. This sale was executed as part of a pre-existing agreement dating back to 2017 when MACOM divested its ARM-based compute processor business. The transaction is expected to result in a gain on MACOM's GAAP Statement of Operations for the fiscal quarter ended December 31, 2021, reflecting the difference between the cash consideration and the carrying value of the investment.

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.