MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)
Q4 2021 Earnings Call
Nov 5, 2021, 2:00 p.m. ET
- Prepared Remarks
- Questions and Answers
- Call Participants
Welcome to MACOM’s Fourth Fiscal Quarter 2021 Conference Call. This call is being recorded today, Thursday, November 4, 2021. [Operator Instructions]
I will now turn the call to Mr. Steve Ferranti, MACOM’s Vice President of Strategic Initiatives and Investor Relations. Mr. Ferranti, please go ahead.
Stephen Ferranti — Vice President of Investor Relation
Thank you, Olivia. Good morning, and welcome to our call to discuss MACOM’s Fourth Fiscal Quarter and Fiscal Year 2021 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 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.
Stephen G. Daly — President and Chief Executive Officer and Director
Thank you, Steve, 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 2021. When Jack is finished, I will provide revenue and earnings guidance for the first fiscal quarter of 2022, and then we will be happy to take some questions. Our fourth fiscal quarter financial results represent continued improvements in overall performance. Revenue for Q4 was $155.2 million and adjusted EPS was $0.61 per diluted share. Notably, we exceeded 30% adjusted operating margin, which is an important milestone for the MACOM team. With another quarter of strong cash flow, we ended our fiscal year with $345 million in cash and short-term investments on our balance sheet. For the full fiscal year ending October 1, 2021, revenue was $607 million, and adjusted …….