Overview

* MACOM fiscal Q4 revenue rises 30.1% yr/yr, beating analyst expectations

* Adjusted EPS for fiscal Q4 beats analyst expectations, reflecting improved operational performance

* Company gains $10.1 mln from acquired assets, boosting net income

Outlook

* Company expects Q1 revenue between $265 mln and $273 mln

* Adjusted EPS for Q1 expected to be $0.98 to $1.02

* Company forecasts Q1 adjusted gross margin of 56.5% to 58.5%

Result Drivers

* ASSET GAIN - Co reports a $10.1 mln gain from acquired assets, contributing to net income boost

* OPERATIONAL EFFICIENCY - Adjusted EPS beat analyst expectations due to improved operational performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Slight $261.17 $260.10

Revenue Beat* mln mln (13

Analysts

)

Q4 Beat $0.94 $0.93

Adjusted (14

EPS Analysts

)

Q4 Net $45.12

Income mln

Q4 Gross $142.30

Profit mln

Q4 $39.60

Income mln

From

Operatio

ns

Q4 $55.90

Pretax mln

Profit

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the semiconductors peer group is "buy"

* Wall Street's median 12-month price target for MACOM Technology Solutions Holdings Inc ( MTSI ) is $155.00, about 3.4% above its November 5 closing price of $149.68

* The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)