MACOM's third quarter revenue grew 35.8% to $342.2M, beating estimates alongside adjusted EPS of $1.40.

MACOM reported fiscal third quarter revenue of $342.2 million, up 35.8% year-over-year, beating consensus estimates of $335.55 million. The company's adjusted EPS of $1.40 also surpassed the analyst expectation of $1.34.

Key Highlights

• Revenue increased 35.8% year-over-year and 18.4% sequentially to $342.2 million.
• Adjusted gross margin expanded to 59.7% from 57.6% in the prior-year quarter, while adjusted operating margin increased to 31.5% from 25.2%.
• The company issued strong guidance for its fiscal fourth quarter, expecting revenue between $415 million and $425 million and adjusted EPS between $1.97 and $2.03.