MACOM Technology Solutions Holdings, Inc. ( MTSI - Free Report ) delivered third-quarter fiscal 2023 non-GAAP earnings of 54 cents per share, which matched the Zacks Consensus Estimate. However, the bottom line declined by 26% from the year-ago quarter's reported figure. Revenues of $148.5 million surpassed the Zacks Consensus Estimate of $147 million. The top line dropped 13.8% from the year-ago quarter's figure. This was due to weakening momentum across Telecommunications and Data Center markets. MACOM has returned 18.4% on a year-to-date basis, underperforming the industry 's growth of 28.1%.