Benzinga | Jan 28, 2021 08:19AM EST

Recap: MACOM Technology Q1 Earnings



Shares of MACOM Technology (NASDAQ:MTSI) moved higher by 4.2% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 557.14% over the past year to $0.46, which beat the estimate of $0.42.

Revenue of $148,504,000 rose by 24.69% from the same period last year, which beat the estimate of $148,020,000.

Guidance

Q2 EPS expected to be between $0.46 and $0.50.

Q2 revenue expected to be between $148,000,000 and $152,000,000.

Conference Call Details

Date: Jan 28, 2021

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/67t3dqrq

Recent Stock Performance

Company's 52-week high was at $64.32

Company's 52-week low was at $15.03

Price action over last quarter: Up 34.86%

Company Overview

MACOM Technology Solutions Holdings Inc is a provider of analog, digital and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems. Roughly a third of the firm's revenue is generated in the United States, with the rest coming from China, Taiwan, and other countries across the world.