MTSI

MKT CAP:$22B

MACOM Technology Solutions Holdings, Inc.

Market Cap

$22B

Technology·Semiconductors·🇺🇸 United States·NASDAQ

Technology·Semiconductors·🇺🇸·NASDAQ

Stock Price

$278.31+$103.35 (+59.07%)

Apr 22, 2026

Company Details

MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, an...

CEO

Stephen G. Daly

IPO Date

Mar 15, 2012

Website

www.macom.com

Key Metrics TTM

Revenue

$1.0B

+29.1% YoY

Net Income

$162M

EPS (Diluted)

$2.13

Free Cash Flow

$133M

Revenue / Share

$13.31

Gross Margin

54.5%

Operating Margin

15.2%

Net Margin

15.9%

FCF Margin

13.0%

P/S

21.3x

P/E

133.9x

Earnings Reports

Q2 2026

May 14, 2026

PENDING

Q1 2026

Feb 5, 2026

$272M+24.5%EPS $0.64

FY 2025

Nov 14, 2025

$967M+32.6%EPS -$0.73

Q4 2025

Nov 14, 2025

$261M+30.1%EPS $0.59

Q3 2025

Aug 7, 2025

$252M+32.3%EPS $0.48

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$165M	$99M	$33M
Q3 22	$172M	$98M	$36M
Q4 22	$178M	$102M	$37M
Q1 23	$180M	$104M	$39M
Q2 23	$169M	$97M	$36M
Q3 23	$149M	$80M	$17M
Q4 23	$150M	$87M	$16M
Q1 24	$157M	$81M	$11M
Q2 24	$181M	$90M	$16M
Q3 24	$190M	$96M	$20M
Q4 24	$201M	$110M	$28M
Q1 25	$218M	$112M	$25M
Q2 25	$236M	$126M	$35M
Q3 25	$252M	$135M	$38M
Q4 25	$261M	$143M	$40M
Q1 26	$272M	$152M	$43M

Valuation

Quarter	P/S	P/E
Q2 22	6.6x	20.8x
Q3 22	5.2x	15.6x
Q4 22	5.7x	8.7x
Q1 23	6.7x	14.1x
Q2 23	7.1x	15.2x
Q3 23	6.8x	15.1x
Q4 23	9.0x	63.8x
Q1 24	9.8x	81.8x
Q2 24	11.0x	110.3x
Q3 24	11.7x	110.6x
Q4 24	11.0x	104.4x
Q1 25	12.7x	—
Q2 25	7.7x	—
Q3 25	11.3x	—
Q4 25	10.1x	—
Q1 26	12.4x	77.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$42M	$35M
Q3 22	$40M	$34M
Q4 22	$60M	$52M
Q1 23	$38M	$29M
Q2 23	$32M	$26M
Q3 23	$46M	$43M
Q4 23	$50M	$45M
Q1 24	$33M	$28M
Q2 24	$18M	$13M
Q3 24	$49M	$42M
Q4 24	$62M	$57M
Q1 25	$67M	$61M
Q2 25	$39M	$31M
Q3 25	$60M	$23M
Q4 25	$70M	$49M
Q1 26	$43M	$30M

Capital Expenditures

Quarter	CapEx
Q2 22	$7M
Q3 22	$7M
Q4 22	$8M
Q1 23	$10M
Q2 23	$6M
Q3 23	$3M
Q4 23	$6M
Q1 24	$5M
Q2 24	$5M
Q3 24	$7M
Q4 24	$5M
Q1 25	$5M
Q2 25	$8M
Q3 25	$38M
Q4 25	$20M
Q1 26	$13M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+9.7%	+0.7%
Q3 22	+12.9%	+5.7%
Q4 22	+14.8%	+9.4%
Q1 23	+12.8%	+6.8%
Q2 23	+2.6%	+0.7%
Q3 23	-13.8%	-3.7%
Q4 23	-15.6%	-4.5%
Q1 24	-12.7%	+3.3%
Q2 24	+7.0%	+24.0%
Q3 24	+28.3%	+30.1%
Q4 24	+33.5%	+28.5%
Q1 25	+38.8%	+32.3%
Q2 25	+30.2%	+21.4%
Q3 25	+32.3%	+25.6%
Q4 25	+30.1%	+27.9%
Q1 26	+24.5%	+18.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$10M	6.0%
Q3 22	$10M	6.0%
Q4 22	$11M	6.1%
Q1 23	$11M	6.1%
Q2 23	$9M	5.6%
Q3 23	$8M	5.6%
Q4 23	$9M	6.2%
Q1 24	$9M	5.5%
Q2 24	$12M	6.7%
Q3 24	$13M	7.0%
Q4 24	$12M	5.8%
Q1 25	$26M	11.7%
Q2 25	$19M	8.0%
Q3 25	$17M	6.9%
Q4 25	$18M	6.8%
Q1 26	$22M	8.2%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$35M	$31M
Q3 22	$38M	$25M
Q4 22	$40M	$26M
Q1 23	$39M	$27M
Q2 23	$36M	$25M
Q3 23	$37M	$26M
Q4 23	$38M	$34M
Q1 24	$38M	$32M
Q2 24	$45M	$30M
Q3 24	$46M	$30M
Q4 24	$50M	$33M
Q1 25	$58M	$29M
Q2 25	$56M	$36M
Q3 25	$61M	$37M
Q4 25	$63M	$40M
Q1 26	$66M	$42M

Revenue Segments

Quarter	Reportable Segment
Q1 26	$272M

Revenue by Geography

Quarter	Asia Pacific, excluding China	China and Hong Kong	Other Countries	United States	Cayman Islands
Q2 22	$26M	$46M	$19M	$75M	—
Q3 22	$27M	$48M	$20M	$77M	—
Q1 23	$22M	$41M	$29M	$89M	—
Q2 23	$28M	$33M	$25M	$83M	—
Q3 23	$23M	$24M	$28M	$73M	—
Q1 24	$14M	$36M	$19M	$70M	$19M
Q2 24	$27M	$46M	$28M	$80M	—
Q3 24	$26M	$46M	$31M	$87M	—
Q1 25	$21M	$63M	$26M	$97M	$12M
Q2 25	$26M	$64M	$38M	$108M	—
Q1 26	$31M	$85M	$32M	$124M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$128M	$375M	$503M
Q3 22	$132M	$404M	$536M
Q4 22	$120M	$467M	$587M
Q1 23	$126M	$469M	$595M
Q2 23	$137M	$441M	$577M
Q3 23	$122M	$466M	$588M
Q4 23	$174M	$341M	$515M
Q1 24	$164M	$300M	$463M
Q2 24	$115M	$361M	$476M
Q3 24	$117M	$404M	$522M
Q4 24	$147M	$435M	$582M
Q1 25	$233M	$424M	$657M
Q2 25	$111M	$571M	$682M
Q3 25	$125M	$610M	$735M
Q4 25	$112M	$674M	$786M
Q1 26	$120M	$649M	$768M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	71M	-0.2%	+0.8%
Q3 22	71M	-0.1%	+0.3%
Q4 22	71M	+0.3%	+0.3%
Q1 23	71M	+0.1%	+0.2%
Q2 23	71M	+0.0%	+0.4%
Q3 23	71M	+0.0%	+0.5%
Q4 23	72M	+0.6%	+0.8%
Q1 24	72M	+0.6%	+1.3%
Q2 24	73M	+1.4%	+2.6%
Q3 24	74M	+1.3%	+3.9%
Q4 24	75M	+0.4%	+3.8%
Q1 25	73M	-2.3%	+0.7%
Q2 25	76M	+4.1%	+3.4%
Q3 25	76M	+0.2%	+2.2%
Q4 25	74M	-2.5%	-0.7%
Q1 26	77M	+3.7%	+5.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$150.1K	1K
Q3 22	$156.6K	1K
Q4 22	$148.5K	1K
Q1 23	$150.1K	1K
Q2 23	$141.2K	1K
Q3 23	$123.8K	1K
Q4 23	$100.3K	2K
Q1 24	$104.8K	2K
Q2 24	$120.8K	2K
Q3 24	$127.0K	2K
Q4 24	$118.1K	2K
Q1 25	$128.3K	2K
Q2 25	$138.8K	2K
Q3 25	$148.3K	2K
Q4 25	$130.6K	2K
Q1 26	$135.8K	2K

Revenue / Employee