MACOM Reports Fiscal Second Quarter 2021 Financial Results
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Stifel Defends MACOM Technology Solutions (MTSI)
April 29, 2021 1:19 PM EDTStifel analyst Tore Svanberg came out to defend MACOM Technology Solutions (NASDAQ: MTSI), telling clients to buy today's weakness given that strong profitability drove NG EPS beat/raise on in-line Mar Q sales & Jun Q outlook.
Svanberg notes the stock is down ~7% intraday on... More
MACOM Technology Solutions (MTSI) Tops Q2 EPS by 4c; Offers 3Q EPS Guidance Above Consensus, Affirms 3Q Revenue Outlook
April 29, 2021 7:42 AM EDTMACOM Technology Solutions (NASDAQ: MTSI) reported Q2 EPS of $0.51, $0.04 better than the analyst estimate of $0.47. Revenue for the quarter came in at $150.6 million versus the consensus estimate of $150.06 million.
Second Quarter Fiscal Year 2021 GAAP Results
Revenue was $150.6 million, an increase of 19.1%, compared to $126.4 million in the previous year fiscal second quarter and an increase of 1.4% compared to $148.5 million in the prior fiscal quarter;Gross margin was 55.9%, compared to 50.1% in the previous year fiscal second quarter and 54.0% in the prior fiscal quarter;Operating income was $19.0... More