MACOM Technology Solutions Holdings, Inc. Files 10-Q for Period Ending December 29, 2023

TL;DR

<b>MACOM Technology Solutions Holdings, Inc. filed its quarterly 10-Q report for the period ending December 29, 2023.</b>

AI Summary

MACOM Technology Solutions Holdings, Inc. (MTSI) filed a Quarterly Report (10-Q) with the SEC on February 1, 2024. MACOM Technology Solutions Holdings, Inc. reported financial results for the period ending December 29, 2023. The filing is a 10-Q, indicating a quarterly report. The company's fiscal year ends on September 29. Key financial data points such as revenue, net income, and EPS are expected to be detailed within the report. The report covers financial performance across various segments including Telecom, Industrial/Defense, and Data Center.

Why It Matters

For investors and stakeholders tracking MACOM Technology Solutions Holdings, Inc., this filing contains several important signals. This 10-Q filing provides investors with an updated view of MACOM's financial health and operational performance during the most recent quarter. Understanding the segment-specific revenues and growth rates will be crucial for assessing the company's strategic focus and market position.

Risk Assessment

Risk Level: — MACOM Technology Solutions Holdings, Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q), which typically contains detailed financial information but does not usually include significant new strategic announcements or material events that would drastically alter the risk profile in the short term.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to assess revenue trends, profitability, and any changes in debt or cash positions.

Revenue Breakdown

Key Numbers

• 2023-12-29 — Period End Date (Conformed Period of Report)
• 2024-02-01 — Filing Date (Filed as of Date)
• 2023-09-29 — Fiscal Year End (Fiscal Year End)

Key Players & Entities

• MACOM Technology Solutions Holdings, Inc. (company) — Filer
• 10-Q (regulator) — Form Type

FAQ

Industry Context

MACOM Technology Solutions operates in the semiconductor industry, specifically focusing on high-performance analog and mixed-signal semiconductor products.

Regulatory Implications

The filing is made in accordance with the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the revenue breakdown by segment (Telecom, Industrial/Defense, Data Center) for the reported quarter and compare it to the prior year's quarter.
2. Examine the balance sheet for changes in cash, debt, and equity.
3. Review the Management's Discussion and Analysis (MD&A) section for insights into the company's performance drivers and outlook.

Key Dates

• 2023-12-29: Quarter End — End of the reporting period for the 10-Q filing.
• 2024-02-01: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This is a 10-Q filing, representing a quarterly update. A comparison to the previous quarter's 10-Q and the prior year's comparable quarter would be necessary for a full analysis of changes.

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MTSI Nasdaq Global Select Mar

Filing Documents

• mtsi-20231229.htm (10-Q) — 1018KB
• mtsi_2024xq1xexhibit101.htm (EX-10.1) — 31KB
• mtsi_2024xq1xexhibit191.htm (EX-19.1) — 62KB
• mtsi_2024xq1xexhibit311.htm (EX-31.1) — 10KB
• mtsi_2024xq1xexhibit312.htm (EX-31.2) — 10KB
• mtsi_2024xq1xexhibit321.htm (EX-32.1) — 6KB
• 0001493594-24-000028.txt (&nbsp;) — 7055KB
• mtsi-20231229.xsd (EX-101.SCH) — 51KB
• mtsi-20231229_cal.xml (EX-101.CAL) — 77KB
• mtsi-20231229_def.xml (EX-101.DEF) — 264KB
• mtsi-20231229_lab.xml (EX-101.LAB) — 725KB
• mtsi-20231229_pre.xml (EX-101.PRE) — 472KB
• mtsi-20231229_htm.xml (XML) — 976KB

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 1 Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Stockholders' Equity 4 Condensed Consolidated Statements of Cash Flows 5 Notes to Condensed Consolidated Financial Statements 6

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 20

Quantitative and Qualitative Disclosures About Market Risk

Item 3. Quantitative and Qualitative Disclosures About Market Risk 27

Controls and Procedures

Item 4. Controls and Procedures 27

—OTHER INFORMATION

PART II—OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 29

Risk Factors

Item 1A. Risk Factors 29

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29

Other Information

Item 5. Other Information 29

Exhibits

Item 6. Exhibits 30

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited, in thousands) December 29, 2023 September 29, 2023 ASSETS Current assets: Cash and cash equivalents $ 163,586 $ 173,952 Short-term investments 299,705 340,574 Accounts receivable, net 101,075 91,253 Inventories 159,501 136,300 Prepaid and other current assets 21,084 19,114 Total current assets 744,951 761,193 Property and equipment, net 184,278 149,496 Goodwill 322,489 323,398 Intangible assets, net 119,527 66,994 Deferred income taxes 217,463 218,107 Other long-term assets 62,094 34,056 Total assets $ 1,650,802 $ 1,553,244 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of finance lease obligations $ 1,052 $ 1,162 Accounts payable 27,137 24,966 Accrued liabilities 74,680 57,397 Total current liabilities 102,869 83,525 Finance lease obligations, less current portion 31,624 31,776 Financing obligation 9,232 9,307 Long-term debt 447,421 447,134 Other long-term liabilities 35,565 33,902 Total liabilities 626,711 605,644 Commitments and contingencies (see Note 12) Stockholders' equity: Common stock 72 71 Treasury stock, at cost ( 330 ) ( 330 ) Accumulated other comprehensive loss ( 396 ) ( 3,635 ) Additional paid-in capital 1,274,928 1,214,203 Accumulated deficit ( 250,183 ) ( 262,709 ) Total stockholders' equity 1,024,091 947,600 Total liabilities and stockholders' equity $ 1,650,802 $ 1,553,244 See notes to condensed consolidated financial statements. 1 MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited, in thousands, except per share data) Three Months Ended December 29, 2023 December 30, 2022 Revenue $ 157,148 $ 180,104 Cost of revenue 69,838 69,749 Gross profit 87,310 110,355 Operating expenses: Research and development 39,413 38,832 Selling, general and administrative 36,887 32,940 Total operating expenses 76,30

View Full Filing

View this 10-Q filing on SEC EDGAR