The semiconductor firm exceeded analyst expectations for both earnings per share and quarterly revenue in its latest report.
MACOM Technology reported non-GAAP earnings per share of $1.09, surpassing estimates by $0.02. Revenue reached $289M, beating forecasts by $4.41M.
Analysts had anticipated lower figures, with consensus estimates hovering near $1.07 for EPS and $284.59M for revenue. The company’s performance reflects stronger demand in its core semiconductor markets.
Shares showed modest movement in after-hours trading following the release.