NASDAQ:MTSI - Nasdaq - US55405Y1001 - Common Stock - Currency: USD
Macom Technology Solutions Holdings faces pressure despite in-line results and outlook. Analysts expect growth in AI, Satcom, and Defense sectors.
Mentions: SMTC
Semiconductors are the silicon backbone of the digital revolution. Still, they’re subject to swings in the broader economy because customers often stockpile chips ahead of demand. Some investors seem to be debating where we are in the cycle as the industry’s six-month return of 5.8% has fallen short of the S&P 500’s 16.1% rise.
Leading AI chip stocks got a lift this week from hyperscale cloud computing companies reiterating their hefty data center spending plans.
Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 38.8% year on year to $218.1 million. Guidance for next quarter’s revenue was optimistic at $230 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.79 per share was in line with analysts’ consensus estimates.
Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 38.8% year on year to $218.1 million. Guidance for next quarter’s revenue was optimistic at $230 million at the midpoint, 2.1% above analysts’ estimates. Its non-GAAP profit of $0.79 per share was in line with analysts’ consensus estimates.
Network chips maker MACOM Technology Solutions (NASDAQ: MTSI) will be reporting earnings tomorrow before market hours. Here’s what investors should know.
MACOM currently trades at $137.94 and has been a dream stock for shareholders. It’s returned 451% since December 2019, blowing past the S&P 500’s 92.7% gain. The company has also beaten the index over the past six months as its stock price is up 34.1%.
A Fed rate cut and a slew of big earnings reports filled out a busy week.
Macom Technology has joined the ranks of chipmakers that have gotten a lift from sales to AI data centers. MTSI stock surged this week.