MTSI FY 2023 Earnings Report — MACOM Technology Solutions Holdings, Inc. Revenue & Financial Results | Market Cap Arena

MACOM Technology Solutions Holdings, Inc.MTSI

FY 2023 Earnings

Reported November 13, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$648M	—	$675M	—	-4.0%
Op. Income	$117M	—	$133M	—	-12.2%
Gross Margin	55.8%	—	56.4%	—	-0.5pp
Net Margin	14.1%	—	65.2%	—	-51.0pp
EPS (Diluted)	$1.28	—	$6.18	—	-79.3%
Free Cash Flow	$142M	—	$150M	—	-5.5%

Revenue Flow

Item	Amount
REVENUE	$648M
Cost of Revenue	$286M
GROSS PROFIT	$362M
R&D Expenses	$149M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$246M
Cost & Expenses	$532M
OPERATING INCOME	$117M
Interest Income	$21M
Interest Expense	$12M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$115M
Income Tax Expense	$24M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$52M
EBIT	$128M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$648M
Cost of Revenue	$286M
GROSS PROFIT	$362M
R&D Expenses	$149M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$97M
Other Expenses	$0
Operating Expenses	$246M
Cost & Expenses	$532M
OPERATING INCOME	$117M
Interest Income	$21M
Interest Expense	$12M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$115M
Income Tax Expense	$24M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$52M
EBIT	$128M
EBITDA	$180M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$52M
Stock-Based Compensation	$38M
Deferred Income Tax	$20M
Other Non-Cash Items	-$7M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$25M
Acquisitions (Net)	-$88M
Purchases of Investments	$141M
Sales/Maturities of Investments	$516M
Other Investing Activities	-$508M
NET CASH FROM INVESTING	$36M
Net Debt Issuance	-$122M
Common Stock Repurchased	-$33M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$149M
FREE CASH FLOW	$142M
Net Change in Cash	$54M

Balance Sheet

Item	Amount
Cash & Equivalents	$174M
Short-Term Investments	$341M
Net Receivables	$91M
Inventory	$136M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$761M
PP&E (Net)	$149M
Goodwill	$323M
Intangible Assets	$67M
Long-Term Investments	$3M
Tax Assets	$218M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$792M
TOTAL ASSETS	$1.6B
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$84M
Long-Term Debt	$447M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$522M
TOTAL LIABILITIES	$606M
Common Stock	$71.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	-$263M
Treasury Stock	-$330.0K
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$948M
Minority Interest	$0
TOTAL EQUITY	$948M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$487M
Net Debt	$313M