MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Q4 2022 Results Conference Call November 3, 2022 8:30 AM ET

Company Participants

Steve Ferranti - VP, Initiatives and IR

Steve Daly - President and CEO

Jack Kober - CFO

Conference Call Participants

Harsh Kumar - Piper Sandler

Vivek Arya - Bank of America

Thomas O'Malley - Barclays

Tore Svanberg - Stifel

Matt Ramsay - Cowen

Quinn Bolton - Needham

Harlan Sur - JPMorgan

C.J. Muse - Evercore

Melissa Fairbanks - Raymond James

Richard Shannon - Craig-Hallum

Operator

Welcome to MACOM's Fourth Fiscal Quarter 2022 Conference Call. This call is being recorded today, Thursday, November 3, 2022. [Operator Instructions]

I will now turn the call to Mr. Steve Ferranti, MACOM's Vice President of 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 fourth fiscal quarter of 2022. 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 provide a more in-depth review of our fourth quarter and full year results for fiscal 2022. When Jack is finished, I will provide revenue and earnings guidance for the first fiscal quarter of 2023, and then we will be happy to take some questions.

We finished our fiscal year with a solid financial performance. Revenue for Q4 was $178.1 million and adjusted EPS was $0.77 per diluted share. For the full fiscal year ending September 30, 2022, revenue was $675 million and adjusted EPS was $2.82 per diluted share. This represents 11% year-over-year revenue growth and over 30% year-over-year growth in adjusted earnings per share. These results demonstrate the strength and leverage in our business model.