Shares of MACOM Technology Solutions Holdings, Inc. (MTSI) skyrocketed as much as 15.02% on Wednesday, hitting an all-time high after the semiconductor company reported impressive fiscal fourth-quarter results and provided an upbeat outlook for the current period.
For the quarter ended September 27, 2024, MACOM Technology Solutions posted adjusted earnings per share of $0.73, matching Wall Street expectations. However, the company's revenue climbed an impressive 33.5% year-over-year to $200.71 million, narrowly beating analyst estimates of $200.4 million.
Looking ahead, MACOM Technology Solutions issued bullish guidance for fiscal Q1 2025, forecasting adjusted EPS between $0.75-$0.81 on revenue of $212-$218 million. These projections surpassed analyst consensus estimates of $0.75 in adjusted EPS on revenue of $204.6 million, fueling investor optimism and driving the stock's surge.
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