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МАСОМ . Partners from RF to Light MACOM Reports Fiscal Second Quarter 2023 Financial Results LOWELL , MA , May 4 , 2023 – MACOM Technology Solutions Holdings , Inc. ( " MACOM " ) ( Nasdaq : MTSI ) , a leading supplier of semiconductor products , today announced its financial results for its fiscal second quarter ended March 31 , 2023 . Second Quarter Fiscal Year 2023 GAAP Results • • • Revenue was $ 169.4 million , an increase of 2.6 % , compared to $ 165.1 million in the previous year fiscal second quarter and a decrease of 5.9 % compared to $ 180.1 million in the prior fiscal quarter ; Gross margin was 60.6 % , compared to 59.9 % in the previous year fiscal second quarter and 61.3 % in the prior fiscal quarter ; Income from operations was $ 35.9 million , or 21.2 % of revenue , compared to income from operations of $ 32.6 million , or 19.7 % of revenue , in the previous year fiscal second quarter and income from operations of $ 38.6 million , or 21.4 % of revenue , in the prior fiscal quarter ; and Net income was $ 25.8 million , or $ 0.36 per diluted share , compared to net income of $ 29.6 million , or $ 0.42 per diluted share , in the previous year fiscal second quarter and net income of $ 29.5 million , or $ 0.41 per diluted share , in the prior fiscal quarter . Second Quarter Fiscal Year 2023 Adjusted Non - GAAP Results • • • Adjusted gross margin was 62.1 % , compared to 61.7 % in the previous year fiscal second quarter and 62.6 % in the prior fiscal quarter ; Adjusted income from operations was $ 56.6 million , or 33.4 % of revenue , compared to adjusted income from operations of $ 50.9 million , or 30.8 % of revenue , in the previous year fiscal second quarter and adjusted income from operations of $ 58.8 million , or 32.7 % of revenue , in the prior fiscal quarter ; and Adjusted net income was $ 56.7 million , or $ 0.79 per diluted share , compared to adjusted net income of $ 48.4 million , or $ 0.68 per diluted share , in the previous year fiscal second quarter and adjusted net income of $ 58.0 million , or $ 0.81 per diluted share , in the prior fiscal quarter . Management Commentary " While we were generally pleased with our first half results , we expect that the second half will be more challenging , ” said Stephen G. Daly , President and Chief Executive Officer . “ However , our portfolio expansion strategy remains on track , which we believe will enable us to address new opportunities and support long - term growth . "