MACOM Technology Solutions Holdings, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 29, 2024
May 02, 2024 at 07:31 am
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MACOM Technology Solutions Holdings, Inc. reported earnings results for the second quarter and six months ended March 29, 2024. For the second quarter, the company reported sales was USD 181.23 million compared to USD 169.41 million a year ago. Net income was USD 14.98 million compared to USD 25.76 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.2 compared to USD 0.36 a year ago.
For the six months, sales was USD 338.38 million compared to USD 349.51 million a year ago. Net income was USD 27.51 million compared to USD 55.27 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.78 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.77 a year ago.
MACOM Technology Solutions Holdings, Inc. designs and manufactures semiconductor products for the telecommunications, industrial and defense and data center industries. The Company is specialized in application, analog and mixed signal circuit design, compound semiconductor fabrication (including gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP) and specialized silicon), packaging and back-end assembly and test. It manufactures compound semiconductors, including GaAs, GaN and InP. It offers a product portfolio that incorporates radio frequency (RF), microwave, analog and mixed signal and optical semiconductor technologies. The Company's products are electronic components that its customers generally incorporate into electronic systems, such as wireless base stations, optical networks, data center networks, radar, medical systems and test and measurement applications. It operates facilities across the United States, Europe, Asia.
MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. 
