MTSI - MACOM Technology Solutions Holdings Inc. (MTSI) Q2 2024 Earnings Call Transcript
2024-05-02 14:23:06 ET
MACOM Technology Solutions Holdings, Inc. (MTSI)
Q2 2024 Earnings Conference Call
May 02, 2024 08:30 AM ET
Company Participants
Steve Ferranti - Vice President-Corporate Development & Investor Relations
Steve Daly - President & Chief Executive Officer
Jack Kober - Chief Financial Officer
Conference Call Participants
Thomas O'Malley - Barclays
Harsh Kumar - Piper Sandler
Quinn Bolton - Needham & Company
Karl Ackerman - BNP Paribas
Tore Svanberg - Stifel
Srini Pajjuri - Raymond James
Peter Pan - JPMorgan
Presentation
Operator
Welcome to MACOM's Second Fiscal Quarter 2024 Conference Call. This call is being recorded today, Thursday, May 2, 2024. At this time, all participants are in a listen-only mode.
I will now turn the call to Mr. Steve Ferranti, MACOM's Vice President of Corporate Development and Investor Relations. Mr. Ferranti, please go ahead.
Steve Ferranti
Thank you, Olivia. Good morning, and welcome to our call to discuss MACOM's financial results for the second fiscal quarter of 2024. I would like to remind everyone that our discussion today will contain forward-looking statements, which are subject to certain risks and uncertainties, as defined in the safe harbor for forward-looking statements, contained in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those discussed today. For a more detailed discussion of the risks and uncertainties that could result in those differences, we refer you to MACOM's filings with the SEC. Management's statements during this call will also include discussion of certain adjusted non-GAAP financial information. A reconciliation of GAAP to adjusted non-GAAP results are provided in the Company's press release and related Form 8-K, which was filed with the SEC today.
With that, I'll turn over the call to Steve Daly, President and CEO of MACOM.
Steve Daly
Thank you and good morning. I will begin today's call with a general company update. After that, Jack Kober, our Chief Financial Officer will review our Q2 results. When Jack is finished, I will provide revenue and earnings guidance for fiscal Q3, and then we will be happy to take some questions.
Revenue for Q2 was $181.2 million and adjusted EPS was $0.59 per diluted share. We ended the quarter with approximately $476 million in cash and short-term investments on our balance sheet. Our business remains healthy and profitable and we continue to generate strong cash flow while investing in future growth opportunities. We expect our net income and associated cash generation to increase in the second half of our fiscal year compared to the first half....
MACOM Technology Solutions Holdings, Inc. (MTSI) Q2 2024 Earnings Call Transcript