10-Q · February 5, 2026
MACOM reported Q1 revenue of $271,612,000, up from $218,122,000 in the year-ago quarter, with gross profit of $151,779,000 and operating income of $43,297,000. The company generated positive net income of $48,767,000…
Earnings analysis · 10-Q
MTSI earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
MACOM Technology Solutions reported strong Q2 fiscal 2026 results with revenues of $289 million, up 22.5% YoY, and an EPS of $1.09, exceeding expectations. The company provided robust guidance for Q3 with anticipated…
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MACOM Technology Solutions reported strong Q2 fiscal 2026 results with revenues of $289 million, up 22.5% YoY, and an EPS of $1.09, exceeding expectations. The company provided robust guidance for Q3 with anticipated revenues between $331 million and $339 million, underscoring positive momentum in their primary markets.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.09
- Segment
- Industrial & Defense
- Segment
- Data Center
- Segment
- Telecom
What stood out
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Revenue Growth of 22.5% YoY
Q2 revenue reached $288.95 million, up from $235.89 million in Q2 2025.
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EPS Exceeds Estimates
Diluted EPS for Q2 was $1.09, beating the estimates of $1.01.
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Improved Gross Margin
Gross margin improved to 56.9% from 55.2% YoY, reflecting better cost management.
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Strong Data Center Segment Performance
Data Center revenue grew 36.0% YoY to $98.19 million.
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Operating Cash Flow Increased
Net cash from operating activities surged to $121.6 million compared to $105.3 million in H1 2025.
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Guidance Indicates Continued Growth
Management expects Q3 revenue between $331 million and $339 million.
What to watch
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High Debt Repayment
Cash used in financing activities was $208.7 million, primarily for repaying the 2026 Convertible Notes.
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Ongoing R&D Expense Growth
R&D expenses rose by 19.3% YoY to $69 million, which could impact future profitability.
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Market Conditions Risk
Potential adverse effects from global economic conditions and geopolitical conflicts could dampen sector growth.
Management's outlook
Management anticipates revenues for Q3 to range between $331 million and $339 million, with adjusted EPS expected between $1.31 and $1.37.
Earlier filings 4
10-K · November 12, 2024
MACOM reported fiscal 2024 revenue of $729.6M, up 12.5% year-over-year, driven by a 34.6% increase in Data Center sales to $197.9M and a 10.9% increase in Industrial & Defense to $351.6M. Profitability remained positive…
10-K · November 13, 2023
MACOM describes a product- and market-driven strategy focused on I&D, Data Center and Telecom, leveraging domestic fabrication (Trusted Foundry) and a mix of internal fabs plus external foundries to win design content.…
10-K · November 14, 2022
MACOM reports multi-year revenue growth to $675.17M in FY2022 (+11.2% YoY) with gross margin expansion to 60.2% and operating income of $132.7M (19.7% of revenue). Results include significant non-operating items in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.