M/A-COM Technology Solutions (MTSI) PT Raised to $54 at Needham & Company

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Go back to M/A-COM Technology Solutions (MTSI) PT Raised to $54 at Needham & Company

MACOM Reports Fiscal First Quarter 2017 Financial Results

January 31, 2017 4:05 PM EST

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 announced its financial results for its fiscal first quarter ended December 30, 2016.

First Quarter Fiscal Year 2017 GAAP Results

Revenue was $151.8 million, an increase of 31.1%, compared to $115.8 million in the previous year fiscal first quarter and a decrease of 0.6% compared to $152.7 million in the prior fiscal quarter; Gross profit was $78.5 million, an increase of 30.1%, compared to $60.3 million... More