Macom reports encouraging Q3 results
Revenue increased 32.3 percent year-on-year
Macom Technology has announced the financial results for its fiscal third quarter ended July 4, 2025. “Our team did a great job this quarter,” said Stephen G. Daly, president and CEO. “Our results demonstrate the growing competitiveness of Macom’s diverse product portfolio and our increasing momentum in the market.”
Revenue was $252.1m, an increase of 32.3 percent, compared to $190.5m in Q3 2024 and an increase of 6.9 percent compared to $235.9m in Q2 2025. Gross margin was 55.3 percent, compared to 53.2 percent in Q3 2024 and 55.2 percent in Q2 2025.
Income from operations was $37.7m, or 14.9 percent of revenue, compared to income from operations of $19.7m, or 10.4 percent of revenue, in Q3 2024 and income from operations of $34.9m, or 14.8 percent of revenue, in Q2 2025 .
Net income was $36.5m, or $0.48 income per diluted share, compared to net income of $19.9m, or $0.27 per diluted share, in Q3 2024 and net income of $31.7m, or $0.42 per diluted share, in Q2 2025.
Adjusted Non-GAAP results showed a gross margin was 57.6 percent, compared to 57.5 percent in Q3 2024 and 57.5 percent in Q2 2025; Adjusted income from operations was $63.5m, or 25.2 percent of revenue, compared to adjusted income from operations of $45.6m, or 24.0 percent of revenue, in Q3 2024 and adjusted income from operations of $59.8m, or 25.4 percent of revenue, in Q2 2025. Adjusted net income was $68.2m, or $0.90 per diluted share, compared to adjusted net income of $48.9m, or $0.66 per diluted share, in Q3 2024 and adjusted net income of $64.3m, or $0.85 per diluted share, in Q2 2025.
Business Outlook
For Q4 2025 ending October 3, 2025, Macom expects revenue to be in the range of $256m to $264m. Adjusted gross margin is expected to be between 56.0 percent and 58.0 percent, and adjusted earnings per diluted share is expected to be between $0.91 and $0.95 using an anticipated non-GAAP income tax rate of 3 percent and 76.5m fully diluted shares outstanding.
