Lowell, Massachusetts – MACOM Technology Solutions Holdings, Inc. hosted its Q3 2024 Earnings Call on August 1, 2024. During the call, company executives discussed the financial results for the third fiscal quarter of 2024. Stephen Ferranti, Vice President of Investor Relations at MACOM, along with other key executives, provided insights into the company’s performance and future outlook.

The discussion during the call highlighted MACOM’s revenue growth and focus on key markets such as Industrial and Defense, Telecom, and Data Center. The company reported revenue of $190.5 million for the third quarter, with adjusted EPS at $0.66 per diluted share. Despite challenges in the telecom market, MACOM remains optimistic about growth opportunities in 5G networks and other key areas.

In terms of market performance, bookings in the Data Center segment showed strength, with a positive trend in revenue performance. The company emphasized its strategic focus on enhancing engineering capabilities and developing innovative products tailored to meet customer needs. Additionally, MACOM highlighted its involvement in defense applications, including electronic warfare radar and anti-drone technologies.

Furthermore, the company shared updates on its recent acquisitions, including Wolfspeed, and discussed plans to improve gross margins and drive overall operating margin improvements