MTSI
MACOM Technology Solutions Holdings, Inc.

MACOM Technology Solutions Holdings, Inc.MTSI

Technology · Semiconductors
279.69USD
+0.21%
Sep 23, 2026
MTSI overview ready
Supplier of High-Performance Analog and Photonic Components for AI Data-Center Optical Links
MACOM is a supplier of high-performance analog, RF/microwave, and photonic semiconductor products, including optical-networking components used in data-center and communications infrastructure.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Networking and Optical Interconnect — component supplier.
No clear price read
Longer-term context reads near trend floor, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Cyclicality in telecommunications capital spending.
Market Sep 22Filing Jul 3Price action Sep 22Research Jul 17

Conviction Level

NarrativeHeat9.5ThemeHeat9.1PriceAction5.4Valuation1.9CompanyPosition9.3
Price
Loading price history…

Price Action

No clear price read
Longer-term context reads near trend floor, with a near-term setup of daily advance.
EntryConstructive

Structure is constructive, but price remains well extended from the long-term weekly base and the earlier reset has already been partly recovered — a workable rather than ideal entry location.

Key Financials

Market Cap
$21.4B
Avg Volume (60D)
1.4M
60 sessions
Revenue Growth YoY
+32.6%
FY2025 vs FY2024
Gross Margin
+56.5%
Trailing twelve months
Operating Margin
+18.1%
Trailing twelve months
Free Cash Flow Yield
+1.0%
Distance from 200DMA
+4.0%
Next Earnings
2026-11-05
P/E
88.7x
EV / EBITDA
75.2x
EV / Sales
17.8x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is expensive.
MACOM Technology Solutions Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

Company Research

Thesis
MACOM is a supplier of high-performance analog, RF/microwave, and photonic semiconductor products, including optical-networking components used in data-center and communications infrastructure.
Opportunity
Moderate opportunity
Hyperscaler and AI-cloud spending on high-bandwidth optical and electrical interconnects required to scale GPU clusters, data-center fabrics, and associated network capacity.
Key risk
Cyclicality in telecommunications capital spending.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Networking and Optical Interconnect, with moderate fit.
MTSI has genuine exposure to the same high-speed interconnect demand driver as the active AI networking-and-optical-interconnect theme: escalating bandwidth requirements inside and between AI data-center clusters.
Narrative HeatHot9.5 / 10
Theme HeatHot9.1 / 10

Business & Markets

Technology · Semiconductors
What they do

MACOM Technology Solutions Holdings, Inc. designs and manufactures analog semiconductor components used in wireless and wireline communication systems across RF, microwave, millimeter wave, and lightwave frequencies.

How it earns

The company generates revenue primarily through transactional sales of semiconductor products and subsystems to equipment manufacturers.

Products & services
Integrated circuits
Multi-chip modules
Diodes
Amplifiers
Switches and switch limiters
Passive and active components
Subsystems
Customers & end markets
Wireless base station manufacturers
Optical network equipment providers
Market position

MACOM is a specialized supplier with a strong position in high-performance analog and photonic semiconductor components for communication applications.

Demand drivers
Medium cyclicality

Demand is influenced by capital spending cycles in telecommunications infrastructure and technology upgrades.