MTSI
MACOM Technology Solutions Holdings, Inc.

MACOM Technology Solutions Holdings, Inc.MTSI

Technology · Semiconductors
210.98USD
+10.84%
Nov 08, 2026
MTSI overview ready
Supplier of high-speed optical and analog connectivity components for AI networking
MACOM is a direct component supplier and enabler of high-speed optical and electrical connectivity: it sells optical drivers, TIAs, retimers, equalizers, lasers and related analog/mixed-signal components used by transceiver and active-cable suppliers serving data-center and AI-networking deployments.
Primary theme is lagging
Connectivity Semiconductors is lagging (-38.0pp vs SPY over 21 sessions; 0 of 5 members ahead of SPY).
Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Ev / ebitda is weak.
Primary risk
Dependence on capital expenditure cycles in data centers and telecom infrastructure.
Market Nov 6Filing Jul 3Price action Nov 7Research Oct 10

Conviction Level

PriceAction1.4BusinessPerformance9.0BusinessQuality7.0Valuation2.3ThemeMomentum1.0Accelerating — Revenue growth has accelerated, rising from +23% to +36% year over year. Diluted EPS is up 167% year over year at $1.28. — Accelerating describes growth momentum measured in recent filed quarters. It is not proof that the acceleration will continue.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
−38.0pp
Theme return
−43.0%
Beating SPY
0 of 5
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads trend under pressure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryDamaged / breakdown

The technical structure itself is broken across timeframes — the weakest entry profile.

Key Financials

Market Cap
$16.1B
Avg Volume (60D)
1.7M
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
+1.3%
Distance from 200DMA
-25.6%
Next Earnings
2027-02-04
P/E
66.9x
EV / EBITDA
57.4x
EV / Sales
13.6x
Market metrics as of Nov 6, 2026
Financial results for the period ended Jul 3, 2026
Filed balance-sheet data as of Jul 3, 2026

Business Performance

Accelerating

Revenue growth has accelerated, rising from +23% to +36% year over year. Diluted EPS is up 167% year over year at $1.28.

Latest reported: Q3 FY2026, ended Jul 3
Revenue growthAccelerating
+36%
$342M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +30%
  2. +25%
  3. +23%
  4. +36%
Earnings growthGrowing
+167%
Diluted EPS $1.28 vs $0.48 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +51%
  2. n/a
  3. +43%
  4. +167%
Operating marginExpanding
22.5%
+7.6 pp YoY · gross margin 58.3% (+3.0 pp)

Business Quality

7.0 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say expensive; own history is the dissenting view.
MACOM Technology Solutions Holdings, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command.

What changed

  • MTSI rose 10.8% in one session
    MTSI closed +10.8% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
MACOM is a direct component supplier and enabler of high-speed optical and electrical connectivity: it sells optical drivers, TIAs, retimers, equalizers, lasers and related analog/mixed-signal components used by transceiver and active-cable suppliers serving data-center and AI-networking deployments.
Opportunity
High opportunity
AI-cluster expansion is increasing the required bandwidth, signal integrity, reach and energy efficiency of scale-out and scale-up connectivity, supporting demand for high-speed optical modules, analog connectivity silicon, photonics and networking equipment.
Key risk
Dependence on capital expenditure cycles in data centers and telecom infrastructure.

Economic classification

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Business & Markets

Technology · Semiconductors
What they do

MACOM Technology Solutions Holdings, Inc. designs, manufactures, and sells analog semiconductor components used in wireless and wireline applications across RF, microwave, millimeter wave, and lightwave spectrums. It operates through a portfolio of standard and custom devices integrated into electronic systems for communications and data infrastructure.

How it earns

The company generates revenue primarily through transactional sales of semiconductor components and modules to equipment manufacturers and system integrators.

Products & services
Integrated circuits
Multi-chip modules
Diodes
Amplifiers
Switches and switch limiters
Passive and active components
Subsystems
Optical drivers
Transimpedance amplifiers (TIAs)
Retimers
Equalizers
Lasers
Customers & end markets
Wireless base station manufacturers
Optical networking equipment suppliers
Data center and AI networking transceiver and active-cable suppliers
Market position

MACOM is a direct component supplier and enabler in the high-performance analog and photonic semiconductor market, serving specialized needs in optical interconnect and AI networking.

Demand drivers
Medium cyclicality

Demand is influenced by capital expenditure cycles in data centers and telecommunications infrastructure, which can be variable but supported by structural growth trends.

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