MACOM Technology Solutions Holdings, Inc.
- Open
- 265.38
- Day high
- 277.19
- Day low
- 255.02
- Prev close
- 275.49
- Volume
- 1.7M
- Mkt cap
- $20.4B
- P/E (TTM)
- 112.8
- EPS (TTM)
- $2.37
- P/B
- 14.4
- P/S
- 19.0
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$26.7M over the last 3 months (0 open-market buys, 45 sales)
- 🏛Institutions accumulating (13F)
MACOM Technology Solutions Holdings, Inc. (MTSI) is a Technology company listed on NASDAQ. The stock is up 88% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 45 sales (SEC Form 4).
MACOM Technology Solutions Holdings, Inc. (MTSI) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MTSI earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $1.07 | $1.09 | +1.9% | $289M | +1.3% |
| Feb 5, 2026 | $0.99 | $1.02 | +3.0% | $272M | -4.6% |
| Nov 6, 2025 | $0.93 | $0.94 | +1.2% | $261M | +0.4% |
| Aug 7, 2025 | $0.89 | $0.90 | +1.1% | $252M | -3.1% |
| May 8, 2025 | $0.84 | $0.85 | +1.1% | $236M | +2.5% |
| Feb 6, 2025 | $0.78 | $0.79 | +1.3% | $218M | +1.5% |
| Nov 7, 2024 | $0.73 | $0.73 | -0.4% | $201M | +0.1% |
| Aug 1, 2024 | $0.66 | $0.66 | +0.0% | $190M | -4.8% |
| May 2, 2024 | $0.58 | $0.59 | +1.7% | $181M | +0.2% |
| Feb 1, 2024 | $0.57 | $0.58 | +1.8% | $157M | +3.3% |
| Nov 9, 2023 | $0.55 | $0.56 | +1.8% | $150M | +0.1% |
| Aug 3, 2023 | $0.54 | $0.54 | +0.0% | $149M | +0.6% |
MTSI insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 400 | $386.62 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 200 | $375.34 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 420 | $382.04 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 9 | $384.35 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 291 | $389.74 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 300 | $382.91 |
| Jun 29, 2026 | Hwang Donghyun Thomasofficer: SVP, Global Sales | Sell | 100 | $367.30 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 904 | $362.02 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 400 | $360.49 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 149 | $389.40 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 300 | $366.46 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 200 | $375.10 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 1,500 | $358.44 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 100 | $380.98 |
| Jun 2, 2026 | Daly Stephen Gdirector, officer: President and CEO | Sell | 2,200 | $359.37 |
Source: MTSI SEC Form 4 filings, latest Jun 29, 2026. For informational purposes only — not investment advice.
See the full MTSI insider & 13F page →MACOM Technology Solutions Holdings, Inc. company profile
Overview
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is a semiconductor company founded in 1950 and headquartered in Lowell, Massachusetts. The company designs and manufactures analog semiconductor solutions for high-performance applications across radio frequency, microwave, millimeter wave, and lightwave spectrum. MACOM went public in 2012 and has evolved from a traditional semiconductor manufacturer into a specialized provider of advanced semiconductor solutions for mission-critical applications in telecommunications, defense, and data center markets.
Business
MACOM operates in the analog semiconductor industry, specifically focusing on radio frequency (RF) and high-speed analog semiconductors. The semiconductor industry forms the backbone of modern electronics, with analog semiconductors serving as the interface between the digital world and real-world signals like radio waves, light, and electrical power. The company's core products include integrated circuits, multi-chip modules, diodes, amplifiers, switches, and subsystems that enable high-performance electronic systems. These components are essential building blocks for complex electronic equipment that requires precise signal processing at very high frequencies and power levels. MACOM's business is organized around three primary market segments: 1. Industrial & Defense (approximately 46% of revenue): This segment serves military and commercial radar systems, electronic warfare equipment, RF jammers, and communication data links. The products enable advanced radar systems that can detect objects at long distances, electronic countermeasures for military applications, and secure communication systems for defense contractors. 2. Data Center (approximately 28% of revenue): This segment provides high-speed optical and electrical interconnect solutions for cloud computing infrastructure. As data centers handle increasingly massive amounts of information, they require semiconductors that can process data at rates of 100 gigabits per second per lane and beyond, enabling technologies like 800G and 1.6 terabit optical connections. 3. Telecom (approximately 26% of revenue): This segment supports telecommunications infrastructure including 5G wireless base stations, fiber optic networks, and satellite communication systems. The products enable cellular towers to transmit and receive high-frequency signals, fiber optic networks to carry internet traffic over long distances, and satellite systems to provide global connectivity.
Revenue model
MACOM generates revenue primarily through product sales of semiconductor components and subsystems to original equipment manufacturers (OEMs) and system integrators. The company's customers include major telecommunications equipment manufacturers, defense contractors, cloud service providers, and network infrastructure companies who incorporate MACOM's semiconductors into their end products. The business model benefits from several revenue-driving factors. Technology transitions create significant opportunities, such as the ongoing shift from 400G to 800G and 1.6T data rates in data centers, which requires new semiconductor solutions. Defense spending increases drive demand for advanced radar and electronic warfare systems. The expansion of 5G networks and growth in satellite communications create sustained demand for RF power amplifiers and related components. However, margins face pressure from several factors. Semiconductor industry cyclicality affects demand and pricing, particularly in telecom markets which have experienced significant downturns. Manufacturing utilization rates directly impact gross margins, as semiconductor fabs require high capacity utilization to achieve optimal cost structures. Competition from larger semiconductor companies can pressure pricing, while customer concentration in certain segments creates revenue volatility. Additionally, geopolitical tensions affecting China trade and supply chain disruptions can impact both costs and market access. The company's gross margins typically range from 55-60%, reflecting the specialized, high-performance nature of its products, though this can fluctuate based on product mix, fab utilization, and market conditions.
Competitive moat
MACOM's competitive moat is moderately strong but not insurmountable, built primarily on technological expertise and customer relationships rather than structural advantages. The company's core strength lies in its specialized engineering capabilities in high-frequency, high-power semiconductor design, particularly in gallium arsenide (GaAs) and gallium nitride (GaN) technologies. These compound semiconductors require specialized knowledge and manufacturing processes that create barriers to entry for competitors. The company benefits from long customer qualification cycles, especially in defense and telecom applications where reliability and performance specifications are critical. Once MACOM's components are designed into a customer's system, switching costs are high due to extensive testing and certification requirements. This creates some customer stickiness, particularly in defense applications where security clearances and proven track records matter significantly. However, the moat faces several vulnerabilities. Large semiconductor companies like Broadcom, Analog Devices, and Qorvo possess greater resources and can potentially develop competitive technologies. The semiconductor industry's rapid pace of innovation means technological advantages can erode quickly. Additionally, customer concentration in certain segments creates dependency risks, and cyclical end markets can dramatically impact demand regardless of technological superiority. The company's recent acquisitions and investments in European manufacturing capabilities suggest management recognizes the need to strengthen competitive positioning, but MACOM operates in a highly competitive industry where maintaining technological leadership requires continuous substantial investment.
Risks & safety
MACOM demonstrates strong financial stability with adequate margin of safety, though valuation metrics suggest limited upside at current levels. • Liquidity and Solvency: Strong cash position of $111 million plus short-term investments, current ratio of 3.6x, and positive free cash flow of $31 million in Q2 2025. Debt-to-equity ratio of 0.44x is manageable. • Valuation Metrics: Trading at elevated multiples with P/E ratio of 53x, EV/EBITDA of 51x, and price-to-book of 5.5x, suggesting limited margin of safety from valuation perspective. • Other Considerations: Positive operating cash flow generation, book-to-bill ratio above 1.0x indicating healthy demand, but high valuation multiples relative to cyclical semiconductor industry norms create downside risk if growth expectations aren't met.
Recent development
Over the past few years, MACOM has executed several strategic initiatives to expand its market position and technological capabilities. The company completed the acquisition of Wolfspeed's RF business, significantly expanding its gallium nitride (GaN) capabilities and RF power portfolio. This acquisition positions MACOM to better compete in the growing RF power market, with management targeting potential revenue doubling in this segment over 3-5 years. The company has made substantial investments in manufacturing capabilities, including modernizing its Lowell, Massachusetts fab and expanding North Carolina facilities. MACOM established the MACOM European Semiconductor Center through the acquisition of OMMIC, providing expanded design capabilities and European market access. The company has actively pursued CHIPS Act funding to support domestic semiconductor manufacturing expansion. Product development efforts have focused on next-generation technologies, including the development of fourth-generation GaN on Silicon Carbide RF power processes, introduction of the Opto-Amp product line for satellite communications, and advancement of Linear Pluggable Optics (LPO) solutions for data centers. The company has significantly increased its new product introduction rate, launching approximately 170 standard products in recent years. MACOM has also expanded its serviceable addressable market (SAM) from an estimated $5-6 billion to $7-8 billion currently, with longer-term goals of reaching $9-10 billion. The company targets achieving $1 billion in annual revenue by fiscal 2026, requiring growth across all three major market segments.
MTSI company profile · for informational purposes only — not investment advice.
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