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MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2020 Financial Results
LOWELL, Mass.--(BUSINESS WIRE)-- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today
About this update from Macom Technology Solutions Holdings, Inc.
[{"type":"text","content":" LOWELL, Mass.--(BUSINESS WIRE)--\nMACOM Technology Solutions Holdings, Inc. (“MACOM”) (NASDAQ: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal fourth quarter and fiscal year ended October 2, 2020.\n\nFourth Quarter Fiscal Year 2020 GAAP Results\n\n\nRevenue was $147.2 million, an increase of 31.2% compared to $112.2 million in the previous year fiscal fourth quarter and an increase of 7.3% compared to $137.3 million in the prior fiscal quarter;\n\n\nGross margin was 52.8%, compared to 47.2% in the previous year fiscal fourth quarter and 51.6% in the prior fiscal quarter;\n\n\nOperating income was $12.7 million, compared to an operating loss of $12.0 million in the previous year fiscal fourth quarter and operating income of $6.5 million in the prior fiscal quarter; and\n\n\nNet income was $17.5 million, or $0.22 per diluted share, compared to net income of $10.5 million, or $0.16 per diluted share, in the previous year fiscal fourth quarter and net loss of $25.0 million, or $0.37 loss per diluted share, in the prior fiscal quarter.\n\n\nFourth Quarter Fiscal Year 2020 Adjusted Non-GAAP Results\n\n\nAdjusted gross margin was 56.4%, compared to 53.0% in the previous year fiscal fourth quarter and 55.5% in the prior fiscal quarter;\n\n\nAdjusted operating income was $34.1 million, or 23.2% of revenue, compared to adjusted operating income of $8.5 million, or 7.6% of revenue, in the previous year fiscal fourth quarter and adjusted operating income of $29.3 million, or 21.4% of revenue, in the prior fiscal quarter; and\n\n\nAdjusted net income was $27.6 million, or $0.40 per diluted share, compared to adjusted net income of $0.8 million, or $0.01 per diluted share, in the previous year fiscal fourth quarter and adjusted net income of $22.7 million, or $0.33 per diluted share, in the prior fiscal quarter.\n\n\nFiscal Year 2020 GAAP Results\n\n\nRevenue was $530.0 million, an increase of 6.1%, compared to $499.7 million in fiscal year 2019;\n\n\nGross margin was 51.0%, compared to 44.2% in fiscal year 2019;\n\n\nOperating income was $3.4 million, compared to an operating loss of $380.4 million in fiscal year 2019; and\n\n\nNet loss was $46.1 million, or $0.69 loss per diluted share, compared to a net loss of $383.8 million, or $5.84 loss per diluted share in fiscal year 2019.\n\...