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MACOM Technology: Q3 Earnings Insights

  MACOM Technology Solns (NASDAQ:MTSI) reported its Q3 earnings results on Thursday, July 28, 2022 at 07:30 AM. Here's what investors need to know about the announcement.

Benzinga · 07/28/2022 08:11

 

MACOM Technology Solns (NASDAQ:MTSI) reported its Q3 earnings results on Thursday, July 28, 2022 at 07:30 AM.

Here's what investors need to know about the announcement.

Earnings

MACOM Technology Solns beat estimated earnings by 4.29%, reporting an EPS of $0.73 versus an estimate of $0.7.

Revenue was up $19.64 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.02 which was followed by a 1.81% drop in the share price the next day.

Here's a look at MACOM Technology Solns's past performance:

 

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS Estimate 0.66 0.62 0.58 0.53
EPS Actual 0.68 0.64 0.61 0.57
Revenue Estimate 163.25M 159.21M 155.01M 152.10M
Revenue Actual 165.15M 159.62M 155.21M 152.62M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

MACOM Technology Solns management provided guidance for Q4 2022, expecting earnings between $0.74 and $0.78 per share.

To track all earnings releases for MACOM Technology Solns VISIT THEIR EARNINGS CALENDAR HERE.

This article was generated by Benzinga's automated content engine and reviewed by an editor.