Welcome to our dedicated page for MACOM Technology Solutions Holdings news (Ticker: MTSI), a resource for investors and traders seeking the latest updates and insights on MACOM Technology Solutions Holdings stock.
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 will showcase its latest RF, microwave, and millimeter wave products at IMS2024 in Washington, DC, from June 18-20, 2024. Key demonstrations include a GaN-on-SiC MMIC Ka-Band Power Amplifier, a 300 W X-Band GaN-on-SiC Matched Power Amplifier, a C-Band 100 W GaN-on-SiC Power Amplifier, and more. MACOM will also highlight its expanded foundry services. Attendees can engage with MACOM’s engineering teams for in-depth explanations. Presentations on high-power GaN devices and microwave power amplifiers are scheduled. Visit Booth #921 for products and Booth #744 for foundry services.
MACOM Technology Solutions Holdings, Inc. reported an increase in revenue to $181.2 million for the fiscal second quarter of 2024, with a gross margin of 52.5%. Net income was $15.0 million, or $0.20 per diluted share. Adjusted non-GAAP results showed a gross margin of 57.1% and adjusted net income of $43.2 million, or $0.59 per diluted share. The company expects revenue between $187 million to $193 million for the fiscal third quarter of 2024.
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