MACOM Technology Posts Q4 Revenue Miss, Guides Q1 Topline Below Consensus
Portfolio Pulse from Lekha Gupta
MACOM Technology Solutions Holdings Inc reported a Q4 revenue decline of 15.6% Y/Y to $150.4 million, missing the analyst consensus of $150.8 million. The company's adjusted gross margin and operating margin also contracted. However, MACOM generated $166.9 million in operating cash flow and held $174 million in cash and equivalents. For Q1, MACOM expects revenue of $149 million-$153 million, below the $155.22 million estimate. Despite the revenue miss, MTSI shares traded higher by 3.38% at $75.48.
November 09, 2023 | 5:09 pm
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MACOM Technology reported a Q4 revenue miss and expects Q1 revenue below estimates. Despite this, MTSI shares traded higher.
MACOM Technology's Q4 revenue miss and lower Q1 guidance could be seen as negative factors that might impact the stock price. However, the stock traded higher, indicating that investors may have already priced in these factors or are focusing on other aspects of the company's performance.
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