Filing Flows › Macom Technology Solutions Holdings (MTSI) › Q2 FY25
Macom Technology Solutions Holdings (MTSI) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 8, 2025
Macom Technology Solutions Holdings (MTSI) reported revenue of $236M for the second quarter fiscal 2025 (Q2 FY25), +30% from a year earlier and +8% from the quarter before. Operating margin was 14.8%, net earnings $31.7M (13.4% of revenue).
Macom Technology Solutions Holdings, Q2 FY25: revenue $236M (+30% year over year), operating margin 14.8%, net earnings $31.7M, operating cash flow $38.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $236M | +8% | +30% |
| Gross profit | $130M | +11% | +37% |
| Operating profit | $34.9M | +99% | +126% |
| Net earnings | $31.7M | — | +111% |
| Operating cash flow | $38.7M | -42% | +113% |
| Free cash flow | $30.5M | -50% | +134% |
What changed
Revenue was $235.9M in Q2 FY25, up 30% year over year and up 8% from the previous quarter.
Gross margin was 55.2%, up 2.6 points from a year earlier. Operating profit was $34.9M, a 14.8% margin (up 6.3 points year over year). Of the extra revenue versus a year earlier, 36% reached operating profit, above the 9% margin then. Operating expenses grew 19% against revenue growth of 30%. The fastest-growing cost line was Research & development (+27%). Net earnings were $31.7M, up 111% year over year. The effective tax rate was 22.6%.
Operating cash flow was $38.7M (up 113% year over year), 122% of net earnings. Non-cash charges added back $14.8M of depreciation and amortization and $18.8M of share-based compensation. Working capital and other items used $26.6M. Capital expenditures of $8.2M left free cash flow of $30.5M.
Questions
What was Macom Technology Solutions Holdings' revenue in the second quarter fiscal 2025?
Macom Technology Solutions Holdings (MTSI) reported revenue of $236M for the second quarter fiscal 2025 (Q2 FY25), +30% from a year earlier and +8% from the quarter before.
Was Macom Technology Solutions Holdings profitable in the second quarter fiscal 2025?
Operating profit was $34.9M (14.8% of revenue) and net earnings $31.7M.
Source: Macom Technology Solutions Holdings 10-Q on SEC EDGAR.