MACOM Technology Solutions
ConvictionModerate
Designs and largely manufactures high-performance analog/RF/optical semiconductor components and ICs in owned III-V fabs (Massachusetts, North Carolina, France) supplemented by silicon foundry partners; sells chips, MMICs, and modules into Industrial & Defense, Data Center, and Telecom end markets. Component/IP-driven, high-margin, incremental-capex ('fab-lite in spirit, but owns its specialty fabs') model.
Revenue
~$1.07B TTMFY2025 $967.3M (+32.6% YoYRev growth
Q2 FY2026 +22.5% YoY / +6.4% sequentialmanagement full-year FY2026 trajectory ~30%+ blendedGross margin
GAAP 56.9%in Q2 FY2026 (TTM ~56%); adjusted (non-GAAP) 58.5% in Q2 FY2026; Q3 FY2026 guide 59-60%Op margin
GAAP 17.6%in Q2 FY2026 (TTM ~16%); adjusted 27.8% in Q2 FY2026 (FY2025 adjusted 25.4%Capex intensity
~6-7% of revenue TTMincremental fab expansion is capital-light (e.g. ~+30% North Carolina wafer capacity over 15 months for only ~$15-16M capex; no greenfield fab plannedMarket cap
~$24.6BNasdaq: MTSI, 2026-07-02, at $322.26/shareThe read
Where our coverage leans
Coverage leans bullish
Sign in free to read the bull & bear take — Pro unlocks the full dossier.
Members only
Full financial intelligence for MACOM Technology Solutions
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07 (fiscal Q2 FY2026 ended 2026-04-03; FY2025 ended 2025-10-03; price/market cap as of 2026-07-02)· sign in (free) for the analyst summary; Pro unlocks full intelligence