MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Q4 2023 Earnings Conference Call November 9, 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
Tore Svanberg - Stifel
David Williams - Benchmark
Quinn Bolton - Needham & Company
Karl Ackerman - BNP Paribas
Srini Pajjuri - Raymond James
Harlan Sur - J.P. Morgan
Mark Lipacis - Jefferies
Robert Aguanno - Piper Sandler
Lauren Guy - Bank of America
Sean O'Loughlin - TD Cowen
Operator
Welcome to MACOM's Fourth Fiscal Quarter 2023 Conference Call. This call is being recorded today, Thursday, November 09, 2023.
At this time, all participants are in a listen-only mode. I will now turn the call over to Mr. Steve Ferranti, MACOM's Vice President of Corporate Development and Investor Relations. Mr. Ferranti, please go ahead.
Steve Ferranti
Thank you, Livia. Good morning, and welcome to our call to discuss MACOM's fourth financial quarter and financial year 2023 financial results. 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 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 2023. When Jack is finished, I will provide revenue and earnings guidance for the first fiscal quarter of 2024, and then we will be happy to take some questions.
Revenue for Q4 was $150.4 million, a slight increase over the prior quarter. Adjusted EPS was $0.56 per diluted share, and operating cash flow was approximately $50 million. For the full fiscal year ending September 29, 2023, revenue was $648 million, and adjusted EPS was $2.70 per diluted share. Fiscal 2023 revenue and EPS were both down 4% year over year. We completed two small but strategic acquisitions in fiscal '23, which combined, contributed approximately 2% to our total fiscal year '23 revenue.