MTSI earnings analysis
What we found in MTSI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 22.5% YoY
- Q2 revenue reached $288.95 million, up from $235.89 million in Q2 2025.
- EPS Exceeds Estimates
- Diluted EPS for Q2 was $1.09, beating the estimates of $1.01.
- Improved Gross Margin
- Gross margin improved to 56.9% from 55.2% YoY, reflecting better cost management.
- Strong Data Center Segment Performance
- Data Center revenue grew 36.0% YoY to $98.19 million.
- Operating Cash Flow Increased
- Net cash from operating activities surged to $121.6 million compared to $105.3 million in H1 2025.
- Guidance Indicates Continued Growth
- Management expects Q3 revenue between $331 million and $339 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- High Debt Repayment
- Cash used in financing activities was $208.7 million, primarily for repaying the 2026 Convertible Notes.
- Ongoing R&D Expense Growth
- R&D expenses rose by 19.3% YoY to $69 million, which could impact future profitability.
- Market Conditions Risk
- Potential adverse effects from global economic conditions and geopolitical conflicts could dampen sector growth.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.09
- Gross margin
- 56.9%
- Operating margin
- 17.6%
- Segment
- Industrial & Defense
- Segment
- Data Center
- Segment
- Telecom
What they said about what is next.
Management anticipates revenues for Q3 to range between $331 million and $339 million, with adjusted EPS expected between $1.31 and $1.37.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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