Macom sees Q1 adjusted EPS 55c-59c, consensus 59c

Sees Q1 revenue $149M-$153M, consensus $155.22M. The company said, “For the fiscal first quarter ending December 29, 2023, MACOM expects revenue to be in the range of $149 million to $153 million. Adjusted gross margin is expected to be between 59% and 61%, and adjusted earnings per diluted share is expected to be between $0.55 and $0.59 utilizing an anticipated non-GAAP income tax rate of 3% and 72.2 million fully diluted shares outstanding.”