MACOM Technology Solutions Holdings, Inc - MTSI STOCK NEWS

MACOM Technology Solutions Inc. has unveiled its new 400G chipset, known as MACOM PURE DRIVE™, at the European Conference on Optical Communication. This chipset features linear drivers and transimpedance amplifiers (TIAs) designed for optical interconnects. The innovation aims to cut power consumption by over 50% and minimize latency for applications like machine learning. Other benefits include reduced signal retiming costs and improved thermal management. The chipset will support configurations up to 1.6TB for enhanced data throughput.

MACOM Technology Solutions Holdings (NASDAQ: MTSI) has appointed Jihye Whang Rosenband as an independent director, effective September 8, 2022. Rosenband brings over 20 years of semiconductor experience, having held various roles including CEO of SPGL Acquisition Corporation. Concurrently, independent director Gil VanLunsen will retire from the Board on January 31, 2023, after 12 years of service. Chairman John Ocampo praised VanLunsen's contributions to MACOM’s growth and stockholder value.

MACOM Technology Solutions Holdings (MTSI) will replace SailPoint Technologies Holdings (SAIL) in the S&P MidCap 400, effective August 17, 2022. This reflects an acquisition of SailPoint by Thoma Brava, pending final conditions. The change is significant as it highlights MACOM's growing presence in the Information Technology sector, while SAIL's removal may indicate challenges ahead. Market investors will closely monitor these developments as they impact stock performance and market positioning.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported a solid fiscal Q3 2022, achieving $172.3 million in revenue, marking a 12.9% year-over-year increase. Gross margin improved to 60.7% from 57.2% last year, with operating income rising to $36.0 million, up from $23.7 million. Net income also grew significantly to $32.2 million, or $0.45 per diluted share. Looking ahead, MACOM estimates Q4 revenue between $175 million and $180 million, with adjusted EPS projected between $0.74 and $0.78.

MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) will announce its third-quarter fiscal results for 2022 on July 28, 2022, before the market opens. The results will be discussed in a conference call at 8:30 a.m. ET on the same day, hosted by CEO Stephen G. Daly and CFO John F. Kober. MACOM specializes in high-performance semiconductor products across various industries, serving over 6,000 customers globally.

MACOM Technology Solutions announced the launch of the MAPC-A1605, a 7.0 kilowatt power amplifier, expanding its product lineup for Aerospace and Defense applications. Operating between 960MHz and 1215MHz, it represents MACOM's highest power level RF amplifier. The MAPC-A1605 utilizes advanced GaN-on-Silicon Carbide technology for optimal thermal management. Two additional amplifiers, MAPC-A1603 and MAPC-A1604, were also introduced, with lower outputs of 3.3KW and 5.0KW, respectively. MACOM aims to meet customer demand for higher power transmission with these innovations.

MACOM Technology Solutions will showcase a variety of semiconductor products at the IEEE International Microwave Symposium (IMS) from June 21-23, 2022, in Denver, Colorado, at Booth #6050. The demonstrations will cover applications in Telecom, SATCOM, Aerospace and Defense, and more, including new RF and microwave amplifiers, BAW filters, and high-frequency switches. Customers can schedule live demos during the event, with insights from MACOM’s engineering teams.

MACOM Technology Solutions (NASDAQ: MTSI) and STMicroelectronics (NYSE: STM) announced the successful production of RF GaN-on-Silicon prototypes, meeting cost and performance targets. The collaboration aims to advance this technology for 5G and 6G infrastructure. With prototypes moving towards qualification and industrialization, both companies are optimistic about market opportunities, particularly in Wireless Infrastructure. This partnership emphasizes the potential of GaN-on-Si technology to challenge existing RF power technologies.

MACOM Technology Solutions Holdings, Inc. (MTSI) reported its fiscal second quarter 2022 results, showing a 9.7% revenue increase to $165.1 million year-over-year. Gross margin improved to 59.9%, while operating income rose to $32.6 million. Net income reached $29.6 million or $0.42 per diluted share, compared to $14.8 million and $0.21 last year. Adjusted metrics also showed growth, with adjusted net income at $48.4 million or $0.68 per diluted share. For Q3, MACOM forecasts revenue between $168 million and $172 million.