MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2026 Financial Results
MACOM expects fiscal first-quarter revenue above its fourth-quarter level, alongside higher adjusted gross margin and adjusted diluted earnings.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
MACOM Technology Solutions Holdings (MTSI) reported fiscal fourth-quarter revenue of $424.8 million, up 62.7% from the prior-year quarter. Revenue also rose 24.1% sequentially for the quarter ended October 2, 2026. GAAP gross margin reached 59.9%, versus 54.5% a year earlier, while net income increased to $139.4 million, or $1.78 per diluted share, from $45.1 million, or $0.59.
Fiscal 2026 revenue rose 37.3% to $1,327.6 million. GAAP net income was $335.3 million, versus a $54.2 million loss in fiscal 2025, which included a primarily non-cash $193.1 million debt-extinguishment charge. For the fiscal first quarter ending January 1, 2027, MACOM expects revenue of $450 million to $460 million, adjusted gross margin of 62.0% to 63.0%, and adjusted diluted earnings per share of $2.21 to $2.29.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Hollow bars mark forward-looking points. How the balance works
Positive
- Moderate pointFourth-quarter revenue increased 62.7% year over year and 24.1% sequentially to $424.8 million.
- Moderate pointFourth-quarter GAAP gross margin reached 59.9%, versus 54.5% a year earlier and 58.3% sequentially.
- Moderate pointFourth-quarter GAAP operating income reached $134.2 million, versus $39.6 million a year earlier and $77.1 million sequentially.
- Moderate pointFourth-quarter GAAP operating margin reached 31.6%, versus 15.2% a year earlier and 22.5% sequentially.
- Moderate pointFourth-quarter GAAP net income reached $139.4 million, versus $45.1 million a year earlier and $100.7 million sequentially.
- Moderate pointFourth-quarter GAAP diluted EPS reached $1.78, versus $0.59 a year earlier and $1.28 sequentially.
- Moderate pointFourth-quarter adjusted gross margin reached 61.3%, versus 57.1% a year earlier and 59.7% sequentially.
- Moderate pointFourth-quarter adjusted operating income reached $162.3 million, versus $67.0 million a year earlier and $107.7 million sequentially.
- Moderate pointFourth-quarter adjusted operating margin reached 38.2%, versus 25.6% a year earlier and 31.5% sequentially.
- Moderate pointFourth-quarter adjusted net income reached $163.3 million, versus $71.4 million a year earlier and $109.8 million sequentially.
- Moderate pointFourth-quarter adjusted diluted EPS reached $2.09, versus $0.94 a year earlier and $1.40 sequentially.
- Moderate point. Forward-looking: it has not happened yet and may not happen.MACOM expects fiscal first-quarter revenue of $450 million to $460 million, ending January 1, 2027.
12 minor points
- Minor pointFiscal 2026 revenue increased 37.3% to $1,327.6 million, versus $967.3 million in fiscal 2025.
- Minor pointFiscal 2026 GAAP gross margin increased to 58.0%, versus 54.7% in fiscal 2025.
- Minor pointFiscal 2026 GAAP operating income increased to $305.5 million, versus $129.7 million in fiscal 2025.
- Minor pointFiscal 2026 GAAP net income was $335.3 million, versus a $54.2 million loss including a $193.1 million debt-extinguishment charge.
- Minor pointFiscal 2026 GAAP diluted EPS was $4.31, versus a $0.73 loss per share in fiscal 2025.
- Minor pointFiscal 2026 adjusted gross margin increased to 59.5%, versus 57.4% in fiscal 2025.
- Minor pointFiscal 2026 adjusted operating income increased to $424.4 million, versus $245.7 million in fiscal 2025.
- Minor pointFiscal 2026 adjusted operating margin increased to 32.0%, versus 25.4% in fiscal 2025.
- Minor pointFiscal 2026 adjusted net income increased to $435.7 million, versus $263.4 million in fiscal 2025.
- Minor pointFiscal 2026 adjusted diluted EPS increased to $5.60, versus $3.47 in fiscal 2025.
- Minor point. Forward-looking: it has not happened yet and may not happen.MACOM expects fiscal first-quarter adjusted gross margin of 62.0% to 63.0%.
- Minor point. Forward-looking: it has not happened yet and may not happen.MACOM expects fiscal first-quarter adjusted diluted EPS of $2.21 to $2.29.
Negative
- None.
Details
Market move: MTSI -17.09% vs previous close. 4Q26 and FY26 earnings report
On Nov 5, the day this news came out, the latest delayed price for MTSI is 17.09% below the previous close. Our momentum scanner has recorded 87 alerts for this stock so far that day. The latest delayed price is $193.29. Relative volume is very high at 4.4x what this stock usually trades by this time of day.
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Key Figures
- Q4 GAAP revenue
- $424.8 million
- Fiscal Q4 2026; up 62.7% year over year
- Q4 GAAP diluted EPS
- $1.78 per diluted share
- Fiscal Q4 2026
- Q4 adjusted diluted EPS
- $2.09 per diluted share
- Fiscal Q4 2026
- FY26 GAAP revenue
- $1,327.6 million
- Fiscal year 2026; up 37.3% year over year
- FY26 GAAP net income
- $335.3 million
- Fiscal year 2026; prior year reported a net loss
- FY26 adjusted diluted EPS
- $5.60 per diluted share
- Fiscal year 2026
- Q1 FY27 revenue outlook
- $450 million to $460 million
- Fiscal first quarter ending January 1, 2027
- Q1 FY27 adjusted EPS outlook
- $2.21 to $2.29 per diluted share
- Fiscal first quarter ending January 1, 2027
Previous Earnings Reports
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Reported Q3 revenue and earnings growth, establishing the preceding quarter's baseline for Q4 comparisons.
-
Reported prior-year Q4 revenue and earnings figures that provide the year-over-year comparison for current results.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
gaap financial
non-gaap financial
convertible senior notes financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
LOWELL, Mass., Nov. 05, 2026 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal fourth quarter and fiscal year ended October 2, 2026.
Fourth Quarter Fiscal Year 2026 GAAP Results
- Revenue was
$424.8 million , an increase of62.7% , compared to$261.2 million in the previous year fiscal fourth quarter and an increase of24.1% compared to$342.2 million in the prior fiscal quarter; - Gross margin was
59.9% , compared to54.5% in the previous year fiscal fourth quarter and58.3% in the prior fiscal quarter; - Income from operations was
$134.2 million , or31.6% of revenue, compared to income from operations of$39.6 million , or15.2% of revenue, in the previous year fiscal fourth quarter and income from operations of$77.1 million , or22.5% of revenue, in the prior fiscal quarter; and - Net income was
$139.4 million , or$1.78 per diluted share, compared to net income of$45.1 million , or$0.59 per diluted share, in the previous year fiscal fourth quarter, and net income of$100.7 million , or$1.28 per diluted share, in the prior fiscal quarter.
Fourth Quarter Fiscal Year 2026 Adjusted Non-GAAP Results
- Adjusted gross margin was
61.3% , compared to57.1% in the previous year fiscal fourth quarter and59.7% in the prior fiscal quarter; - Adjusted income from operations was
$162.3 million , or38.2% of revenue, compared to adjusted income from operations of$67.0 million , or25.6% of revenue, in the previous year fiscal fourth quarter and adjusted income from operations of$107.7 million , or31.5% of revenue, in the prior fiscal quarter; and - Adjusted net income was
$163.3 million , or$2.09 per diluted share, compared to adjusted net income of$71.4 million , or$0.94 per diluted share, in the previous year fiscal fourth quarter and adjusted net income of$109.8 million , or$1.40 per diluted share, in the prior fiscal quarter.
Fiscal Year 2026 GAAP Results
- Revenue was
$1,327.6 million , an increase of37.3% , compared to$967.3 million in fiscal year 2025; - Gross margin was
58.0% , compared to54.7% in fiscal year 2025; - Income from operations was
$305.5 million , compared to$129.7 million in fiscal year 2025; and - Net income was
$335.3 million , or$4.31 per diluted share, compared to a net loss of$54.2 million , or$0.73 per diluted share, in fiscal year 2025, which included a primarily non-cash charge of$193.1 million for loss on extinguishment of debt related to the refinancing of a portion of the Company’s convertible senior notes due 2026.
Fiscal Year 2026 Adjusted Non-GAAP Results
- Adjusted gross margin was
59.5% , compared to57.4% in fiscal year 2025; - Adjusted income from operations was
$424.4 million , or32.0% of revenue, compared to$245.7 million , or25.4% of revenue, in fiscal year 2025; and - Adjusted net income was
$435.7 million , or$5.60 per diluted share, compared to adjusted net income of$263.4 million , or$3.47 per diluted share, in fiscal year 2025.
Management Commentary
“We had a strong fiscal year 2026 and look forward to continued growth in fiscal 2027,” said Stephen G. Daly, President and Chief Executive Officer, MACOM.
Business Outlook
For the fiscal first quarter ending January 1, 2027, MACOM expects revenue to be in the range of
Conference Call
MACOM will host a conference call on Thursday, November 5, 2026, at 8:30 a.m. Eastern Time to discuss its fiscal fourth quarter and fiscal year 2026 financial results and business outlook. Investors and analysts may visit MACOM's Investor Relations website at https://ir.macom.com/events-webcasts to register for a user-specific access code for the live call or to access the live webcast. A replay of the call will be available within 24 hours and remain accessible by all interested parties for approximately 90 days.
About MACOM
MACOM designs and manufactures high-performance semiconductor products for the Industrial and Defense, Data Center and Telecommunications industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the AS9100D aerospace standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, and Asia and is headquartered in Lowell, Massachusetts.
Special Note Regarding Forward-Looking Statements
This press release and the associated earnings call contain forward-looking statements. These forward-looking statements include, among others, statements about MACOM’s strategic plans, priorities and long-term growth drivers, our estimates of our serviceable addressable market, our ability to execute our long-term growth strategy, strengthen our position and drive market share gains and growth, our ability to develop new products and differentiated solutions, achieve market acceptance of those products and solutions and better address certain markets, expand our capabilities and extend our product offerings, including through our fabrication facility execution and continued improvements and the expansion of our manufacturing capacity, our team’s capabilities and technologies and expansion and growth thereof and any potential financial benefits derived by and financial impact to MACOM therefrom, strength and competitiveness of new product introductions and technology portfolio expansion, including the anticipated rate of new product introductions and technology licensing and transfer activities, the anticipated timing of our entry into new markets, including the CW laser market, the expected benefits of process technology upgrades and the expected conversion of development program awards and customer contract awards into production revenue, anticipated demand for our products, including backlog levels and book-to-bill trends, MACOM’s profitability, revenue targets and long-term revenue opportunities, gross margin and operating margin improvements, end-market-specific revenue growth expectations, prospects and growth opportunities in our three primary markets, including the anticipated timing of production programs and associated revenues, the potential impact to our business of an economic downturn or recession, tariffs and other trade restrictions, anticipated financial and business performance improvements, expectations regarding cash flow from operations and capital expenditures, our anticipated non-GAAP income tax rate and the expected impact of recent tax legislation and the utilization of our historical deferred tax assets thereon, MACOM’s strategic investment and other plans, including investments and agreements intended to further strengthen our supply chain and support our revenue growth, including the expected benefits of the Company’s recently completed investment in IQE plc, our strategic objectives, potential acquisitions, the negotiation and finalization of a definitive agreement with, and receipt of, funding from the Federal and State governments under the CHIPS Act, the estimated financial results for our 2027 fiscal first quarter and the stated business outlook and future results of operations.
These forward-looking statements reflect MACOM’s current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those indicated by the forward-looking statements, including our ability to develop new products and achieve market acceptance of those products; component shortages or other disruptions in our supply chain, including as a result of geopolitical unrest or otherwise; inflationary pressures; any failure to accurately anticipate demand for our products and effectively manage our inventory; our dependence on a limited number of customers; risks related to any weakening of global economic conditions, including as a result of the evolving impacts from tariffs, sanctions or other trade tensions (including implementation of new tariffs, export bans or retaliatory trade measures); that cash flows or capital expenditures may differ from our expectations; changes in applicable laws or regulations; that our investments may not yield expected benefits; our ability to compete effectively; our ability to expand our manufacturing capacity in a timely and cost-effective manner; changes in U.S. and foreign government defense budgets and spending priorities; risks associated with acquisitions; and those other factors described in “Risk Factors” in MACOM’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements speak only as of the date of this press release and the associated earnings call, and MACOM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Discussion Regarding the Use of Historical and Forward-Looking Non-GAAP Financial Measures
In addition to United States Generally Accepted Accounting Principles (“GAAP”) reporting, MACOM provides investors with financial measures that have not been calculated in accordance with GAAP, such as: non-GAAP adjusted gross profit and adjusted gross margin, non-GAAP adjusted operating expenses, non-GAAP adjusted income from operations and adjusted operating margin, non-GAAP adjusted EBITDA, non-GAAP adjusted net income, non-GAAP adjusted diluted earnings per share, non-GAAP adjusted diluted shares, non-GAAP adjusted income tax rate and non-GAAP adjusted interest income. This non-GAAP information excludes the effect, where applicable, of intangible amortization expense, share-based compensation expense, non-cash interest, net, acquisition and integration related costs, loss on debt extinguishment, gain on acquired assets, gains/losses on investment fair value, net and the tax effect of each non-GAAP adjustment.
Management believes these excluded items are not reflective of our underlying performance and uses these non-GAAP financial measures to: evaluate our ongoing operating performance and compare it against prior periods, make operating decisions, forecast future periods, evaluate potential acquisitions, compare our operating performance against peer companies and assess certain compensation programs. We believe this non-GAAP financial information provides additional insight into our ongoing performance and have therefore chosen to provide this information to investors to help them evaluate the results of our ongoing operations and enable more meaningful period-to-period comparisons. These non-GAAP measures are provided in addition to, and not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.
A reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. We have not provided a reconciliation with respect to any forward-looking non-GAAP financial data presented because we do not have and cannot reliably estimate certain key inputs required to calculate the most comparable GAAP financial data, such as future acquisition costs, the possibility and impact of any litigation costs, changes in our GAAP effective tax rate and impairment charges. We believe these unknown inputs are likely to have a significant impact on any estimate of the comparable GAAP financial data.
Investors are cautioned against placing undue reliance on non-GAAP financial measures and are urged to review and consider carefully the adjustments made by management to the most directly comparable GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating our operating performance or ongoing business performance. Further, non-GAAP financial measures may have limited value for purposes of drawing comparisons between companies because different companies may calculate similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not based on any comprehensive set of accounting rules or principles.
Additional information and management’s assessment regarding why certain items are excluded from our non-GAAP measures are summarized below:
Amortization Expense – is related to acquired intangible assets which are based upon valuation methodologies and are generally amortized over the expected life of the intangible asset at the time of acquisition, which may result in amortization amounts that vary over time. This non-cash expense is not considered by management in making operating decisions.
Share-Based Compensation Expense – includes share-based compensation expense for awards that are equity and liability classified on our balance sheet and the related employer tax expense at vesting. Share-based compensation expense is partially outside of our control due to factors such as stock price volatility and interest rates, which may be unrelated to our operating performance during the period in which the expense is incurred. It is an expense based upon valuation methodologies and assumptions that vary over time, and the amount of the expense can vary significantly between companies. Share-based compensation expense amounts are not considered by management in making operating decisions.
Non-cash Interest, Net – includes amounts associated with the amortization of certain fees associated with the establishment or amendment of our convertible notes that are being amortized over the life of the agreements. We believe these amounts are non-cash in nature, are not correlated to future business operations and do not reflect our ongoing operations.
Acquisition and Integration Related Costs – includes items such as professional fees, employee severance and other costs incurred in connection with acquisitions and integration specific activities which are not expected to have a continuing contribution to operations and the amortization of the fair market step-up value of acquired inventory and fixed assets. We believe the exclusion of these items is useful in providing management a basis to evaluate ongoing operating activities and strategic decision making.
Loss on Debt Extinguishment – includes loss on exchange of our convertible notes. This fiscal year 2025 loss is primarily non-cash and we do not believe this amount is reflective of our ongoing operations.
Gain on Acquired Assets – includes the gain on transfer of assets, primarily inventory, associated with the Research Triangle Park, North Carolina RF business fabrication facility that we assumed in the fiscal fourth quarter of 2025 related to the RF business acquisition completed in fiscal year 2024. We believe this gain is not correlated to future business operations and does not reflect our ongoing operations.
Gains/Losses on Investment Fair Value, Net – includes unrealized gains or losses recognized associated with long-term investments that are recorded at fair value. These gains and losses are driven by changes in the market value of the underlying investments, are generally noncash in nature, and may vary from period to period due to factors unrelated to our operating activities. We believe these amounts are not correlated with our ongoing operations and are not considered by management in making operating decisions.
Tax Effect of Non-GAAP Adjustments – includes adjustments to arrive at an estimate of our non-GAAP income tax rate associated with our non-GAAP income over a period of time. We determine our non-GAAP income tax rate using applicable rates in taxing jurisdictions and assessing certain factors including our historical and forecast earnings by jurisdiction, discrete items, cash taxes paid in relation to our non-GAAP net income before income taxes and our ability to realize tax assets. We generally assess this non-GAAP income tax rate quarterly and have utilized
Adjusted EBITDA – is a calculation that adds depreciation expense to our adjusted income from operations. Management reviews and utilizes this measure for operational analysis purposes. We believe competitors and others in the financial industry also utilize this measure for analysis purposes.
Incremental Shares – is the number of potential shares of common stock issuable upon the exercise of stock options, restricted stock, restricted stock units and conversion of convertible debt which were not included in the calculation of our GAAP diluted shares. We believe competitors and others in the financial industry utilize this non-GAAP measure for analysis purposes.
Company Contact:
MACOM Technology Solutions Holdings, Inc.
Stephen Ferranti
Senior Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: stephen.ferranti@macom.com
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited and in thousands, except per share data) | |||||||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||||||
| Revenue | $ | 424,819 | $ | 342,237 | $ | 261,170 | $ | 1,327,623 | $ | 967,258 | |||||||||
| Cost of revenue | 170,187 | 142,685 | 118,869 | 557,227 | 438,256 | ||||||||||||||
| Gross profit | 254,632 | 199,552 | 142,301 | 770,396 | 529,002 | ||||||||||||||
| Operating expenses: | |||||||||||||||||||
| Research and development | 76,083 | 74,305 | 62,880 | 285,830 | 244,466 | ||||||||||||||
| Selling, general and administrative | 44,325 | 48,132 | 39,826 | 179,099 | 154,884 | ||||||||||||||
| Total operating expenses | 120,408 | 122,437 | 102,706 | 464,929 | 399,350 | ||||||||||||||
| Income from operations | 134,224 | 77,115 | 39,595 | 305,467 | 129,652 | ||||||||||||||
| Other income (expense): | |||||||||||||||||||
| Interest income | 7,335 | 6,676 | 8,016 | 29,760 | 29,853 | ||||||||||||||
| Interest expense | (1,481 | ) | (1,484 | ) | (1,793 | ) | (6,330 | ) | (5,516 | ) | |||||||||
| Gain on investment fair value | 19,446 | 41,543 | — | 60,989 | — | ||||||||||||||
| Loss on extinguishment of debt | — | — | — | — | (193,098 | ) | |||||||||||||
| Gain on acquired assets and other income, net | — | — | 10,084 | — | 10,084 | ||||||||||||||
| Total other income (expense) | 25,300 | 46,735 | 16,307 | 84,419 | (158,677 | ) | |||||||||||||
| Income (loss) before income taxes | 159,524 | 123,850 | 55,902 | 389,886 | (29,025 | ) | |||||||||||||
| Income tax expense | 20,079 | 23,142 | 10,782 | 54,635 | 25,185 | ||||||||||||||
| Net income (loss) | $ | 139,445 | $ | 100,708 | $ | 45,120 | $ | 335,251 | $ | (54,210 | ) | ||||||||
| Net income (loss) per share: | |||||||||||||||||||
| Income (loss) per share - Basic | $ | 1.83 | $ | 1.32 | $ | 0.61 | $ | 4.43 | $ | (0.73 | ) | ||||||||
| Income (loss) per share - Diluted | $ | 1.78 | $ | 1.28 | $ | 0.59 | $ | 4.31 | $ | (0.73 | ) | ||||||||
| Weighted average common shares: | |||||||||||||||||||
| Shares - Basic | 76,372 | 76,331 | 74,473 | 75,702 | 73,986 | ||||||||||||||
| Shares - Diluted | 78,257 | 78,409 | 76,252 | 77,735 | 73,986 | ||||||||||||||
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited and in thousands) | |||||
| October 2, 2026 | October 3, 2025 | ||||
| ASSETS | |||||
| Current assets: | |||||
| Cash and cash equivalents | $ | 112,011 | $ | 112,142 | |
| Short-term investments | 680,396 | 673,833 | |||
| Accounts receivable, net | 209,523 | 148,646 | |||
| Inventories | 284,311 | 237,844 | |||
| Prepaid and other current assets | 39,141 | 32,623 | |||
| Total current assets | 1,325,382 | 1,205,088 | |||
| Property and equipment, net | 251,959 | 230,291 | |||
| Goodwill and intangible assets, net | 393,625 | 414,885 | |||
| Deferred income taxes | 182,342 | 207,999 | |||
| Long-term investments | 121,577 | — | |||
| Other long-term assets | 47,966 | 45,097 | |||
| Total assets | $ | 2,322,851 | $ | 2,103,360 | |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | |||||
| Current liabilities: | |||||
| Short-term debt | $ | 340,743 | $ | 160,946 | |
| Accounts payable | 70,548 | 67,588 | |||
| Accrued liabilities | 111,596 | 96,585 | |||
| Total current liabilities | 522,887 | 325,119 | |||
| Finance lease obligations, less current portion | 29,796 | 30,504 | |||
| Financing obligation | 36,397 | 37,014 | |||
| Long-term debt | — | 339,630 | |||
| Other long-term liabilities | 37,104 | 43,998 | |||
| Total liabilities | 626,184 | 776,265 | |||
| Stockholders’ equity | 1,696,667 | 1,327,095 | |||
| Total liabilities and stockholders’ equity | $ | 2,322,851 | $ | 2,103,360 | |
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited and in thousands) | |||||||
| Twelve Months Ended | |||||||
| October 2, 2026 | October 3, 2025 | ||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||||||
| Net income (loss) | $ | 335,251 | $ | (54,210 | ) | ||
| Depreciation and intangible asset amortization | 62,612 | 63,295 | |||||
| Share-based compensation | 87,797 | 79,362 | |||||
| Deferred income taxes | 27,871 | 2,637 | |||||
| Gain on investment fair value | (60,989 | ) | — | ||||
| Loss on extinguishment of debt | — | 193,098 | |||||
| Gain on acquired assets | — | (10,084 | ) | ||||
| Other adjustments, net | (2,781 | ) | (939 | ) | |||
| Accounts receivable | (60,878 | ) | (41,980 | ) | |||
| Inventories | (46,617 | ) | (26,562 | ) | |||
| Accounts payable | 589 | 22,210 | |||||
| Change in other operating assets and liabilities | 14,231 | 8,541 | |||||
| Net cash provided by operating activities | 357,086 | 235,368 | |||||
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||||||
| Sales, purchases and maturities of investments | (15,039 | ) | (232,212 | ) | |||
| Purchases of long-term investments | (60,588 | ) | — | ||||
| Purchases of property and equipment | (64,420 | ) | (42,551 | ) | |||
| Purchases of software licenses and licensed technology | (10,695 | ) | (10,866 | ) | |||
| Other investing | 2,810 | (1,200 | ) | ||||
| Purchase of property under financing arrangement | — | (28,750 | ) | ||||
| Acquisition of business, net | — | (12,684 | ) | ||||
| Net cash used in investing activities | (147,932 | ) | (328,263 | ) | |||
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||||||
| Repayment of convertible notes | (161,151 | ) | — | ||||
| Payments on finance leases and other financing activities | (2,617 | ) | (1,268 | ) | |||
| Proceeds from stock option exercises and employee stock purchases | 11,549 | 10,289 | |||||
| Common stock withheld for taxes on employee equity awards | (56,937 | ) | (43,135 | ) | |||
| Proceeds from convertible notes | — | 86,629 | |||||
| Proceeds from financing arrangement | — | 28,750 | |||||
| Payments for fee on convertible note exchange and debt issuance costs | — | (23,166 | ) | ||||
| Net cash (used in) provided by financing activities | (209,156 | ) | 58,099 | ||||
| Foreign currency effect on cash | (129 | ) | 132 | ||||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | (131 | ) | (34,664 | ) | |||
| CASH AND CASH EQUIVALENTS — Beginning of period | 112,142 | 146,806 | |||||
| CASH AND CASH EQUIVALENTS — End of period | $ | 112,011 | $ | 112,142 | |||
| MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC. RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS (unaudited and in thousands, except per share data) | |||||||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||
| Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | ||||||
| Gross profit - GAAP | $ | 254,632 | 59.9 | $ | 199,552 | 58.3 | $ | 142,301 | 54.5 | $ | 770,396 | 58.0 | $ | 529,002 | 54.7 |
| Amortization expense | 1,620 | 0.4 | 1,622 | 0.5 | 4,309 | 1.6 | 6,486 | 0.5 | 14,333 | 1.5 | |||||
| Share-based compensation expense | 3,812 | 0.9 | 2,803 | 0.8 | 2,198 | 0.8 | 12,125 | 0.9 | 9,519 | 1.0 | |||||
| Acquisition and integration related costs | 270 | 0.1 | 270 | 0.1 | 330 | 0.1 | 1,087 | 0.1 | 2,435 | 0.3 | |||||
| Adjusted gross profit (Non-GAAP) | $ | 260,334 | 61.3 | $ | 204,247 | 59.7 | $ | 149,138 | 57.1 | $ | 790,094 | 59.5 | $ | 555,289 | 57.4 |
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||||||||||||
| Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | ||||||||||||||||
| Operating expenses - GAAP | $ | 120,408 | 28.3 | $ | 122,437 | 35.8 | $ | 102,706 | 39.3 | $ | 464,929 | 35.0 | $ | 399,350 | 41.3 | ||||||||||
| Amortization expense | (1,712 | ) | (0.4 | ) | (1,713 | ) | (0.5 | ) | (1,620 | ) | (0.6 | ) | (6,987 | ) | (0.5 | ) | (8,032 | ) | (0.8 | ) | |||||
| Share-based compensation expense | (20,117 | ) | (4.7 | ) | (21,708 | ) | (6.3 | ) | (15,890 | ) | (6.1 | ) | (87,565 | ) | (6.6 | ) | (76,620 | ) | (7.9 | ) | |||||
| Acquisition and integration related costs | (497 | ) | (0.1 | ) | (2,483 | ) | (0.7 | ) | (3,048 | ) | (1.2 | ) | (4,674 | ) | (0.4 | ) | (5,141 | ) | (0.5 | ) | |||||
| Adjusted operating expenses (Non-GAAP) | $ | 98,082 | 23.1 | $ | 96,533 | 28.2 | $ | 82,148 | 31.5 | $ | 365,703 | 27.5 | $ | 309,557 | 32.0 | ||||||||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||
| Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | ||||||
| Income from operations - GAAP | $ | 134,224 | 31.6 | $ | 77,115 | 22.5 | $ | 39,595 | 15.2 | $ | 305,467 | 23.0 | $ | 129,652 | 13.4 |
| Amortization expense | 3,332 | 0.8 | 3,335 | 1.0 | 5,929 | 2.3 | 13,473 | 1.0 | 22,365 | 2.3 | |||||
| Share-based compensation expense | 23,929 | 5.6 | 24,511 | 7.2 | 18,088 | 6.9 | 99,690 | 7.5 | 86,139 | 8.9 | |||||
| Acquisition and integration related costs | 767 | 0.2 | 2,753 | 0.8 | 3,378 | 1.3 | 5,761 | 0.4 | 7,576 | 0.8 | |||||
| Adjusted income from operations (Non-GAAP) | $ | 162,252 | 38.2 | $ | 107,714 | 31.5 | $ | 66,990 | 25.6 | $ | 424,391 | 32.0 | $ | 245,732 | 25.4 |
| Depreciation expense | 9,242 | 2.2 | 9,021 | 2.6 | 8,716 | 3.3 | 35,932 | 2.7 | 29,115 | 3.0 | |||||
| Adjusted EBITDA (Non-GAAP) | $ | 171,494 | 40.4 | $ | 116,735 | 34.1 | $ | 75,706 | 29.0 | $ | 460,323 | 34.7 | $ | 274,847 | 28.4 |
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||||||||||||
| Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | ||||||||||||||||
| Net income (loss) - GAAP | $ | 139,445 | 32.8 | $ | 100,708 | 29.4 | $ | 45,120 | 17.3 | $ | 335,251 | 25.3 | $ | (54,210 | ) | (5.6 | ) | ||||||||
| Amortization expense | 3,332 | 0.8 | 3,335 | 1.0 | 5,929 | 2.3 | 13,473 | 1.0 | 22,365 | 2.3 | |||||||||||||||
| Share-based compensation expense | 23,929 | 5.6 | 24,511 | 7.2 | 18,088 | 6.9 | 99,690 | 7.5 | 86,139 | 8.9 | |||||||||||||||
| Non-cash interest, net | 278 | 0.1 | 279 | 0.1 | 381 | 0.1 | 1,318 | 0.1 | 1,449 | 0.1 | |||||||||||||||
| Acquisition and integration related costs | 767 | 0.2 | 2,753 | 0.8 | 3,378 | 1.3 | 5,761 | 0.4 | 7,576 | 0.8 | |||||||||||||||
| Loss on debt extinguishment | — | — | — | — | — | — | — | — | 193,098 | 20.0 | |||||||||||||||
| Gain on investment fair value, net | (19,446 | ) | (4.6 | ) | (41,543 | ) | (12.1 | ) | — | — | (60,989 | ) | (4.6 | ) | — | — | |||||||||
| Gain on acquired assets | — | — | — | — | (10,084 | ) | (3.9 | ) | — | — | (10,084 | ) | (1.0 | ) | |||||||||||
| Tax effect of non-GAAP adjustments | 15,028 | 3.5 | 19,746 | 5.8 | 8,574 | 3.3 | 41,161 | 3.1 | 17,039 | 1.8 | |||||||||||||||
| Adjusted net income (Non-GAAP) | $ | 163,333 | 38.4 | $ | 109,789 | 32.1 | $ | 71,386 | 27.3 | $ | 435,665 | 32.8 | $ | 263,372 | 27.2 | ||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | ||||||||||||||||||
| Net income | Income per diluted share | Net income | Income per diluted share | Net income | Income per diluted share | Net income | Income per diluted share | Net income (loss) | Income (loss) per diluted share | |||||||||||||
| Net income (loss) - GAAP diluted | $ | 139,445 | $ | 1.78 | $ | 100,708 | $ | 1.28 | $ | 45,120 | $ | 0.59 | $ | 335,251 | $ | 4.31 | $ | (54,210 | ) | $ | (0.73 | ) |
| Adjusted net income (Non-GAAP) | $ | 163,333 | $ | 2.09 | $ | 109,789 | $ | 1.40 | $ | 71,386 | $ | 0.94 | $ | 435,665 | $ | 5.60 | $ | 263,372 | $ | 3.47 | ||
| Three Months Ended | Twelve Months Ended | |||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | ||||||
| Shares | Shares | Shares | Shares | Shares | ||||||
| Diluted shares - GAAP | 78,257 | 78,409 | 76,252 | 77,735 | 73,986 | |||||
| Incremental shares | — | — | — | — | 1,873 | |||||
| Adjusted diluted shares (Non-GAAP) | 78,257 | 78,409 | 76,252 | 77,735 | 75,859 | |||||
| Three Months Ended | Twelve Months Ended | ||||||||||||||||||||||||
| October 2, 2026 | July 3, 2026 | October 3, 2025 | October 2, 2026 | October 3, 2025 | |||||||||||||||||||||
| Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | Amount | % Revenue | ||||||||||||||||
| Interest income - GAAP | $ | 7,335 | 1.7 | $ | 6,676 | 2.0 | $ | 8,016 | 3.1 | $ | 29,760 | 2.2 | $ | 29,853 | 3.1 | ||||||||||
| Interest expense - GAAP | (1,481 | ) | (0.3 | ) | (1,484 | ) | (0.4 | ) | (1,793 | ) | (0.7 | ) | (6,330 | ) | (0.5 | ) | (5,516 | ) | (0.6 | ) | |||||
| Non-cash interest expense | 278 | 0.1 | 279 | 0.1 | 381 | 0.1 | 1,318 | 0.1 | 1,449 | 0.1 | |||||||||||||||
| Adjusted interest income (Non-GAAP) | $ | 6,132 | 1.4 | $ | 5,471 | 1.6 | $ | 6,604 | 2.5 | $ | 24,748 | 1.9 | $ | 25,786 | 2.7 | ||||||||||
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were MACOM's fiscal fourth-quarter 2026 revenue and earnings?
MACOM reported revenue of $424.8 million and GAAP net income of $139.4 million, or $1.78 per diluted share. Revenue increased 62.7% year over year and 24.1% sequentially. Adjusted net income was $163.3 million, or $2.09 per diluted share.
What is MACOM's fiscal first-quarter 2027 outlook?
MACOM expects revenue of $450 million to $460 million, adjusted gross margin of 62.0% to 63.0%, and adjusted diluted earnings per share of $2.21 to $2.29 for the fiscal first quarter ending January 1, 2027.