MACOM Q4 revenue beats analyst estimates; expects better Q1
Overview
U.S. semiconductor supplier's fiscal Q4 rev rose 63% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q4 increased yr/yr and beat analyst expectations
Company expects fiscal Q1 2027 revenue to rise further, with guidance above Q4 results
Outlook
MACOM expects Q1 revenue between $450 mln and $460 mln
Company sees Q1 adjusted gross margin of 62.0% to 63.0%
MACOM forecasts Q1 adjusted EPS between $2.21 and $2.29
Result Drivers
PRODUCT PORTFOLIO EXPANSION - Co attributed growth to broad product portfolio serving industrial, defense, data center and telecom markets
CUSTOMER BASE GROWTH - Co said it serves over 6,000 customers annually, reflecting expanded reach
CERTIFICATION ACHIEVEMENTS - Co highlighted certifications to automotive, aerospace, quality and environmental standards
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $424.82 mln | $420.23 mln (15 Analysts) |
Q4 Net Income | $139.45 mln | ||
Q4 Gross Profit | $254.63 mln | ||
Q4 Income From Operations | $134.22 mln | ||
Q4 Pretax Profit | $159.52 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for MACOM Technology Solutions Holdings, Inc. is $380.00, about 63% above its November 4 closing price of $233.13
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 38 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)