MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Q3 2023 Earnings Conference Call August 3, 2023 8:30 AM ET
Company Participants
Steve Ferranti - VP, Strategic Initiatives and IR
Steve Daly - President and CEO
Jack Kober - CFO
Conference Call Participants
Tom O'Malley - Barclays
C.J. Muse - Evercore ISI
Tore Svanberg - Stifel
Karl Ackerman - BNP Paribas
Harlan Sur - J.P. Morgan
Blake Friedman - Bank of America Securities
Matt Ramsay - TD Cowen
Harsh Kumar - Piper Sandler
David Williams - Benchmark
Quinn Bolton - Needham & Company
Richard Shannon - Craig-Hallum
Operator
Welcome to MACOM's Third Fiscal Quarter 2023 Conference Call. This call is being recorded today, Thursday, August 3, 2023. [Operator Instructions] I will now turn the call over to Mr. Steve Ferranti, MACOM's Vice President of Strategic Initiatives 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 third fiscal quarter of 2023. 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 more detailed discussions 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 update on our business. After that, Jack Kober, our Chief Financial Officer, will provide a more in-depth review of our results for the third quarter of fiscal 2023. I will then provide revenue and earnings guidance for our fourth fiscal quarter, and we will be happy to take some questions.
Revenue for the third quarter of 2023 was $148.5 million and adjusted EPS was $0.54 per diluted share. Cash flow from operations was approximately $46 million, and we ended the quarter with $588 million and cash and short-term investments on our balance sheet.