MACOM Technology Solutions (MTSI) Issues Warning on Q2 Profits
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MACOM Reports Preliminary Fiscal Second Quarter 2019 Non-GAAP Financial Results
April 24, 2019 8:29 AM UTCComplete Fiscal Second Quarter Financial Results to be Announced on May 7, 2019
LOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) (MACOM), a leading supplier of high-performance RF, microwave, millimeterwave and lightwave semiconductor products, today reported preliminary non-GAAP financial results for the companys second fiscal quarter ending March 29, 2019.
Non-GAAP revenue in the quarter is expected to be approximately$121 million, compared to guidance of $134 million to $142 million. Non-GAAP gross margin is expected to be around 49%, which includes $8 million in inventory reserves primarily associated with data center materials,... More
