MACOM Technology Solutions Holdings, Inc. (MTSI) AI Stock Analysis

MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor solutions for wireless and wireline applications across global markets, including the United States, China, Taiwan, and Japan. Its portfolio includes integrated circuits, multi-chip modules, diodes, amplifiers, switches, passive and active components, and complete subsystems. These products serve telecommunications infrastructure like 5G deployments, high-capacity optical networks, and wireless base stations, as well as industrial and defense systems, including military radar, electronic countermeasures, and communication links. The company distributes products via direct sales, applications engineers, independent sales representatives, resellers, and distributors.

MACOM increased revenue from $606.9M in FY2021 to $967.3M in FY2025, reflecting a 5-year revenue CAGR of 12.8%. Gross margin was 54.9% in FY2025, compared to 50.9% in FY2024 and 55.8% in FY2023. Operating margin stood at 13.4% in FY2025, while the company reported a net income of -$54.2M and EPS of $3.22. Research and development expense expanded to $244.5M in FY2025. Over the trailing twelve months, revenue reached $1.16B with a profit margin of 20.7% and EPS of $3.14. In the latest quarter ended June 30, 2026, revenue increased 35.8% year-over-year, and earnings grew 166.7%.

As of June 30, 2026, MACOM held $663.0M in cash and short-term investments against $371.1M in total debt, yielding net cash of $291.9M. The company had a current ratio of 2.34 and a debt-to-equity ratio of 0.24, with shareholders' equity of $1.54B and total assets of $2.15B. Operating cash flow in FY2025 was $235.4M, generating $153.2M in free cash flow. Capital expenditures were $82.2M, and share buybacks totaled $43.1M in FY2025.

At $262.24 per share, MACOM has a market capitalization of $20.03B and an enterprise value of $20.78B. The stock trades at a trailing P/E of 83.5x, forward P/E of 32.3x, and price-to-sales of 17.2x, each higher than the median of its US-listed Technology peers at 28.1x, 18.8x, and 2.8x, respectively. Its EV-to-EBITDA stands at 58.2x compared to the peer median of 16.6x. Over the past year, MTSI returned 90.1%, outpacing the S&P 500 ETF (SPY) return of 16.8%. Over five years, the stock gained 307.9% against 83.0% for the S&P 500.

Wall Street analysts hold 10 Strong Buy, 3 Buy, and 3 Hold ratings on MTSI, with no Sell or Strong Sell recommendations. The mean price target is $395.33, which is 50.8% above the October 16, 2026 closing price of $262.24. For the fiscal year ending September 30, 2026, consensus estimates project EPS of $5.51 on revenue of $1.32B. For the following fiscal year, 16 analysts forecast EPS of $8.49 on revenue of $1.80B. MACOM beat EPS estimates in all 4 of the last 4 quarters, with next earnings scheduled for November 5, 2026.

This page is an AI-written research summary of MACOM Technology Solutions Holdings, Inc. (MTSI). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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