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MACOM Technology Solutions Holdings, Inc. (symbol: MTSI) is a leading provider of analog, digital, and mixed-signal semiconductor solutions. The company's innovative products are essential components in a wide range of systems, spanning industrial, medical, scientific, and test and measurement markets. MACOM's portfolio includes integrated circuits, multichip modules, power pallets, transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.
Headquartered in Lowell, Massachusetts, MACOM is at the forefront of technology that powers modern communications infrastructure. The company's breakthroughs in semiconductor technologies cater to optical, wireless, and satellite networks, helping to meet the global demand for information. MACOM's solutions increase mobile internet speed and coverage, and enable fiber optic networks to handle enormous volumes of data for businesses, homes, and data centers.
MACOM's technology also plays a crucial role in safety and security. Their next-generation radar systems are used in air traffic control and weather forecasting, and their advanced solutions support mission success on modern, networked battlefields. The company's high-performance products make it a trusted partner for leading communications infrastructure providers worldwide.
Financially, MACOM has shown robust growth and profitability, with a significant portion of its revenue generated from the United States, China, Taiwan, and various other countries. The company continues to expand its reach and capabilities through strategic partnerships and continuous innovation.
Recent Achievements and Projects:
- Development of advanced semiconductor solutions for 5G networks.
- Expansion of product lines to include more high-performance analog and mixed-signal solutions.
- Partnerships with leading technology companies to enhance product offerings and market reach.
MACOM Technology Solutions Holdings, Inc. remains a vital entity in the semiconductor industry, consistently pushing the boundaries of technology to create a better-connected and safer world.
MACOM Technology Solutions (Nasdaq: MTSI) announced a refinancing operation of its convertible notes. The company will exchange approximately $288.8 million of existing 0.25% convertible senior notes due 2026 for $257.7 million of new 0% convertible senior notes due 2029 and approximately 1.6 million shares of common stock. Additionally, MACOM will issue $86.6 million in new convertible notes through a private placement.
The transactions are expected to close around December 19, 2024, resulting in a $61.7 million increase in cash balance (after fees) and a $55.5 million increase in debt balance, with a neutral impact on pro forma net leverage. The new notes and common stock issuance are being conducted under Securities Act exemptions and are not being registered.
MACOM Technology Solutions (Nasdaq: MTSI) reported fiscal Q4 2024 results with revenue of $200.7 million, up 33.5% year-over-year. Q4 GAAP net income reached $29.4 million ($0.39 per diluted share), while adjusted net income was $54.2 million ($0.73 per diluted share). For fiscal year 2024, revenue grew 12.5% to $729.6 million, with GAAP net income of $76.9 million ($1.04 per diluted share). Looking ahead, MACOM expects Q1 2025 revenue between $212-218 million with adjusted earnings per share of $0.75-0.81.
MACOM Technology Solutions (NASDAQ: MTSI) has acquired ENGIN-IC, a fabless semiconductor company specializing in Gallium Nitride (GaN) monolithic microwave integrated circuits and microwave assemblies. Founded in 2014, ENGIN-IC focuses on U.S. defense industry solutions with a portfolio of over 60 standard MMICs and custom products. The acquisition, funded with cash-on-hand, aims to strengthen MACOM's market position through ENGIN-IC's design capabilities in wideband and high-efficiency MMIC and module design. The transaction is expected to have minimal impact on MACOM's near-term financial performance.
MACOM Technology Solutions Holdings (Nasdaq: MTSI) announced it will release its fourth quarter and fiscal year 2024 financial results on November 7, 2024, before market open. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, featuring President and CEO Stephen G. Daly and CFO John F. Kober. The call will be accessible via webcast through MACOM's Investor Relations Website, with a replay available for approximately 90 days.
MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI), a leading supplier of semiconductor products, has been added to the PHLX Semiconductor Sector Index (SOX). The SOX is a capitalization-weighted index comprising the 30 largest semiconductor companies traded in the USA, ranked by market capitalization.
Stephen G. Daly, President and Chief Executive Officer of MACOM, described the inclusion as a milestone and congratulated the entire team for making it possible. This addition to the index represents a significant achievement for MACOM in the semiconductor industry.
HyperLight , a provider of thin film lithium niobate (TFLN) photonic integrated circuits (PICs), has secured a $37 million Series B investment led by Summit Partners. The funding round includes participation from existing investors Xora Innovation and Foothill Ventures. Peter Chung, Managing Director and CEO of Summit Partners, will join HyperLight's Board of Directors.
HyperLight's TFLN PICs offer superior bandwidth and energy efficiency for AI/data center infrastructure, telecommunications optical networks, and high-performance computing. The company has delivered industrial-scale TFLN PICs with a trusted supply chain since its founding in 2018.
The new financing will enable HyperLight to accelerate product development and meet growing customer demand. The investment is expected to enhance the company's ability to serve as a trusted innovation partner in the photonics industry.
MACOM Technology Solutions Inc. (MTSI) will showcase its latest RF, microwave, and millimeter wave products at the European Microwave Week (EuMW) in Paris from September 24-26, 2024. The company will present six technology demonstrations at Booth #402, highlighting its diverse product portfolio, including Diodes, RF Power, MMICs, and Linear Modules and Subsystems.
Key demonstrations include MACOM Foundry Services, Integrated Filter Technology, mHEMT Low Noise Amplifier, Broadband High Power Limiter, 250 W GaN Pallet, and C-Band 100 W GaN-on-SiC Power Amplifier. MACOM will also feature space and high reliability components for free space optics systems and RF-over-fiber analog photonic subsystems.
Additionally, MACOM representatives will deliver presentations on differentiated technologies for radar and communications systems, stability margins for transfer functions, and foundry needs and demands.
MACOM Technology Solutions Inc. (MTSI), a leading semiconductor supplier, will showcase its latest connectivity products at ECOC2024 in Frankfurt, Germany from September 23-25, 2024. The company will demonstrate a wide range of optical and copper connectivity solutions, including:
- 200G per lane high-performance analog products
- 800G innovations and QSFP112 solutions
- 25G PON designs
- FMCW LiDAR and 25G/50G optical automotive Ethernet
- PCIe-over-Fiber technology
- MACOM PURE DRIVE™ transimpedance amplifiers and laser drivers
- High-performance linear equalizers
These products support various applications, from data centers to automotive networking, showcasing MACOM's commitment to advancing high-speed connectivity technologies.
MACOM Technology Solutions Holdings, Inc. (Nasdaq: MTSI) reported strong financial results for its fiscal third quarter ended June 28, 2024. Revenue increased 28.3% year-over-year to $190.5 million. GAAP net income was $19.9 million, or $0.27 per diluted share. On an adjusted non-GAAP basis, net income was $48.9 million, or $0.66 per diluted share.
Key highlights include:
- Adjusted gross margin of 57.5%
- Adjusted income from operations of $45.6 million (24.0% of revenue)
- Strong focus on engineering excellence and portfolio expansion
For Q4 FY2024, MACOM expects revenue between $197-$203 million and adjusted EPS of $0.70-$0.76.
MACOM Technology Solutions Holdings (Nasdaq: MTSI) has announced plans to release its third quarter fiscal year 2024 financial results on August 1, 2024, before the market opens. The company will host a conference call at 8:30 a.m. Eastern Time on the same day, featuring President and CEO Stephen G. Daly and CFO John F. Kober. Investors can register for the live call or access the webcast through MACOM's Investor Relations Website. A replay of the call will be available for approximately 90 days after the event.
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