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MACOM Technology Solutions Expects Q3 Revenue of $187M-$193M Vs $188.43M Est, Adj EPS of $0.63-$0.69 Vs $0.65 Est

Author: Benzinga Newsdesk | May 02, 2024 07:34am

Business Outlook

For the fiscal third quarter ending June 28, 2024, MACOM expects revenue to be in the range of $187 million to $193 million. Adjusted gross margin is expected to be between 56% and 58%, and adjusted earnings per diluted share is expected to be between $0.63 and $0.69 utilizing an anticipated non-GAAP income tax rate of 3% and 74.0 million fully diluted shares outstanding.

Posted In: MTSI