MACOM Technology Solutions Expects Q3 Revenue of $187M-$193M Vs $188.43M Est, Adj EPS of $0.63-$0.69 Vs $0.65 Est
Portfolio Pulse from Benzinga Newsdesk
MACOM Technology Solutions (MTSI) forecasts Q3 revenue of $187M-$193M, aligning closely with the $188.43M estimate, and adjusted EPS of $0.63-$0.69, around the $0.65 estimate. The company anticipates a 56%-58% adjusted gross margin, with a non-GAAP income tax rate of 3% and 74.0 million fully diluted shares outstanding.
May 02, 2024 | 11:34 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
MACOM Technology Solutions expects Q3 revenue of $187M-$193M, closely matching the $188.43M estimate, and adjusted EPS of $0.63-$0.69, in line with the $0.65 estimate.
MACOM's Q3 revenue and EPS forecasts are closely aligned with analyst estimates, indicating a stable financial outlook. The expected adjusted gross margin further supports the company's profitability expectations. Given the alignment with estimates, the short-term impact on MTSI's stock price is likely neutral, as the market may have already anticipated these figures.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100