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MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2021 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 1, 2021.\n\nFourth Quarter Fiscal Year 2021 GAAP Results\n\n\nRevenue was $155.2 million, an increase of 5.4% compared to $147.2 million in the previous year fiscal fourth quarter and an increase of 1.7% compared to $152.6 million in the prior fiscal quarter;\n\n\nGross margin was 58.1%, compared to 52.8% in the previous year fiscal fourth quarter and 57.2% in the prior fiscal quarter;\n\n\nOperating income was $26.3 million, compared to operating income of $12.7 million in the previous year fiscal fourth quarter and operating income of $23.7 million in the prior fiscal quarter; and\n\n\nNet income was $17.1 million, or $0.24 per diluted share, compared to net income of $17.5 million, or $0.22 per diluted share, in the previous year fiscal fourth quarter and net income of $15.0 million, or $0.21 per diluted share, in the prior fiscal quarter.\n\n\nFourth Quarter Fiscal Year 2021 Adjusted Non-GAAP Results\n\n\nAdjusted gross margin was 61.1%, compared to 56.4% in the previous year fiscal fourth quarter and 60.3% in the prior fiscal quarter;\n\n\nAdjusted operating income was $46.8 million, or 30.2% of revenue, compared to adjusted operating income of $34.1 million, or 23.2% of revenue, in the previous year fiscal fourth quarter and adjusted operating income of $43.9 million, or 28.7% of revenue, in the prior fiscal quarter; and\n\n\nAdjusted net income was $43.3 million, or $0.61 per diluted share, compared to adjusted net income of $27.6 million, or $0.40 per diluted share, in the previous year fiscal fourth quarter and adjusted net income of $40.3 million, or $0.57 per diluted share, in the prior fiscal quarter.\n\n\nFiscal Year 2021 GAAP Results\n\n\nRevenue was $606.9 million, an increase of 14.5%, compared to $530.0 million in fiscal year 2020;\n\n\nGross margin was 56.3%, compared to 51.0% in fiscal year 2020;\n\n\nOperating income was $81.0 million, compared to $3.4 million in fiscal year 2020; and\n\n\nNet income was $38.0 million, or $0.54 per diluted share, compared to a net loss of $46.1 million, or $0.69 loss per diluted share in fiscal year 2020.\n\n\nFiscal Year 2021 Adjust...