An encouraging Q2 for Macom
Macom Technology has announced financial results for Q2 ended April 4, 2025. Stephen G. Daly, president and CEO, commented: “Exceptional teamwork across the entire Macom organisation enabled our solid Q2 performance.”
Gross margin was 55.2 percent, compared to 52.5 percent in the previous year Q2 and 53.7 percent in the prior fiscal quarter;
Income from operations was $34.9m, or 14.8 percent of revenue, compared to income from operations of $15.4m, or 8.5 percent of revenue, in the previous year Q2 and income from operations of $17.5m, or 8.0 percent of revenue, in the prior fiscal quarter; and
Net income was $31.7m, or $0.42 income per diluted share, compared to net income of $15.0m, or $0.20 per diluted share, in the previous year Q2 and net loss, which includes a one-time, primarily non-cash, charge of $193.1m loss on extinguishment of debt related to the previously-announced refinancing of a portion of Macom’s 0.25 percent convertible senior notes due 2026, of $167.5m, or $2.30 loss per diluted share, in the prior fiscal quarter.
Business Outlook
For Q3 ending July 4, 2025, Macom expects revenue to be in the range of $246m to $254m. Adjusted gross margin is expected to be between 56.5 percent and 58.5 percent, and adjusted earnings per diluted share is expected to be between $0.87 and $0.91 using an anticipated non-GAAP income tax rate of 3 percent and 76.5m fully diluted shares outstanding.
