MACOM Technology Solutions (MTSI) Tops Q1 EPS by 4c, Revenues Beat; Offers Q2 EPS/Revenue Guidance Above Consensus
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MACOM Reports Fiscal First Quarter 2020 Financial Results
January 28, 2020 4:05 PM ESTLOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. ("MACOM") (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal first quarter ended January 3, 2020.
First Quarter Fiscal Year 2020 GAAP Results
Revenue was $119.1 million, a decrease of 21.0% compared to $150.7 million in the previous year fiscal first quarter and an increase of 6.1% compared to $112.2 million in the prior fiscal quarter; Gross margin was 48.9%, compared to 50.8% in the previous year fiscal first quarter and 47.2% in the prior fiscal... More