On July 30, MACOM Technology Solutions Holdings, Inc. rose 5.21% in pre-market trading, trading at $240.64/share, with turnover of $125,100. The stock rebounded after accumulating approximately 10% in losses over the prior two trading days amid broad semiconductor sector weakness.
On the news front, the company is scheduled to report fiscal Q3 earnings on August 6, with market consensus projecting revenue of $335 million, representing 33.05% year-over-year growth, and adjusted EPS of $1.35, up 49.52% year-over-year. The optimism is further supported by management's own guidance from the prior quarter, which projected fiscal Q3 revenue in the range of $331 million to $339 million and adjusted EPS of $1.31 to $1.37, both significantly exceeding analyst estimates at the time. The company previously reported fiscal Q2 revenue of $289 million, beating expectations, with adjusted EPS of $1.09 versus the $1.07 consensus. AI-related demand driving data center business growth and margin expansion remain key market focus areas heading into the report.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments