MACOM Technology: Q3 Earnings Insights

MACOM Technology Solns 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.

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.

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).

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.

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