$MTSI · MACOM Technology Solutions Holdings, Inc.
MACOM filed its 10-K for fiscal 2026 (ended October 2, 2026). Revenue grew 37.3% to $1,327.6M from $967.3M, gross margin expanded to 58.0% from 54.7%, and operating margin rose to 23.0% from 13.4%. Net income swung to $335.3M ($4.31 diluted EPS) from a $54.2M loss, aided by a $61.0M gain on investment fair value; FY2025 had included a $193.1M loss on debt extinguishment.
- Revenue rose $360.4M, or 37.3%, to $1,327.6M in FY2026.
- Gross margin expanded to 58.0% from 54.7% a year earlier.
- Operating margin more than doubled to 23.0% from 13.4%.
- Diluted EPS was $4.31 versus a $0.73 loss in FY2025.
- FY2026 included a $61.0M gain on investment fair value; FY2025 had a $193.1M debt extinguishment loss.
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MACOM delivered a sharp profitability inflection with revenue up 37% and a swing to $335M net income, signaling strong Data Center-driven momentum.
The 37% growth and 58% gross margin reflect strong Data Center optical/RF demand, outpacing typical analog semiconductor peers.
Semiconductor cyclicality, customer concentration in Data Center/Telecom, and reliance on third-party foundries and distributors are flagged as principal risks.