UPDATE: Benchmark Downgrades MACOM Technology Solutions (MTSI) to Hold

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Go back to UPDATE: Benchmark Downgrades MACOM Technology Solutions (MTSI) to Hold

MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2022 Financial Results

November 3, 2022 7:30 AM EDT

LOWELL, 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 fourth quarter and fiscal year ended September 30, 2022.

Fourth Quarter Fiscal Year 2022 GAAP Results

Revenue was $178.1 million, an increase of 14.8% compared to $155.2 million in the previous year fiscal fourth quarter and an increase of 3.4% compared to $172.3 million in the prior fiscal quarter; Gross margin was 60.9%, compared to 58.1% in the previous year fiscal fourth quarter and 60.7% in the prior fiscal... More