MACOM Technology Solutions (MTSI) Misses Q3 EPS by 2c, Q4 Guidance Falls Short

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MACOM Reports Fiscal Third Quarter 2017 Financial Results

August 1, 2017 4:05 PM EDT

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 third quarter ended June 30, 2017.

Third Quarter Fiscal Year 2017 GAAP Results

Revenue was $194.6 million, an increase of 36.7%, compared to $142.3 million in the previous year fiscal third quarter and an increase of 4.6% compared to $186.1 million in the prior fiscal quarter; Gross profit was $92.6 million, an increase of 25.2%, compared to $74.0 million in the... More