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Macom Technology Solutions Holdings (MTSI) earnings and revenue breakdown

Latest: Q4 FY26 · 8-K filed Nov 5, 2026

Q4 FY26 Revenue up 63% year over year to $425M · 33¢ of every $1 of revenue kept as net profit · operating margin 31.6%

Macom Technology Solutions Holdings made $425M in Q4 FY26 (+63% Y/Y). Operating margin 31.6%, net earnings $139M. See where every dollar goes — costs, profit and cash — as a Sankey from the 8-K filed Nov 5, 2026 (preliminary, from the earnings release).

Revenue$425M
Year over year+63%
Operating margin31.6%
Net earnings$139M
Operating cash flow$156M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $424.8M in Q4 FY26, up 63% year over year and up 24% from the previous quarter.

Gross margin was 59.9%, up 5.5 points from Q4 FY25. Operating profit was $134.2M, a 31.6% margin (up 16.4 points year over year). Of the extra revenue versus Q4 FY25, 58% reached operating profit, above the 15% margin then. Operating expenses grew 17% against revenue growth of 63%. The fastest-growing cost line was Research & development (+21%). Net earnings were $139.4M, up 209% year over year. The effective tax rate was 12.6%.

Operating cash flow was $155.5M (up 123% year over year), 112% of net earnings. Non-cash charges added back $21.9M of share-based compensation. Capital expenditures of $17.5M left free cash flow of $138.0M.

Quarterly history

Macom Technology Solutions Holdings revenue by quarterMacom Technology Solutions Holdings revenue by quarter$236MQ2 FY25$252MQ3 FY25$261MQ4 FY25$272MQ1 FY26$289MQ2 FY26$342MQ3 FY26$425MQ4 FY26
Macom Technology Solutions Holdings net earnings by quarterMacom Technology Solutions Holdings net earnings by quarter$31.7MQ2 FY25$36.5MQ3 FY25$45.1MQ4 FY25$48.8MQ1 FY26$46.3MQ2 FY26$101MQ3 FY26$139MQ4 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q4 FY268-KNov 5, 2026$425M+63%31.6%$139M$156M
Q3 FY2610-QAug 6, 2026$342M+36%22.5%$101M$80.0M
Q2 FY2610-QMay 7, 2026$289M+22%17.6%$46.3M$78.7M
Q1 FY2610-QFeb 5, 2026$272M+24%15.9%$48.8M$42.9M
Q4 FY2510-KNov 14, 2025$261M+30%15.2%$45.1M$69.6M
Q3 FY2510-QAug 7, 2025$252M+32%14.9%$36.5M$60.4M
Q2 FY2510-QMay 8, 2025$236M+30%14.8%$31.7M$38.7M

Charts

Macom Technology Solutions Holdings: revenue growth, year over year and quarter over quarterMacom Technology Solutions Holdings: revenue growth, year over year and quarter over quarterY/YQ/Q+30%Q2 FY25+32%+7%Q3 FY25+30%+4%Q4 FY25+24%+4%Q1 FY26+22%+6%Q2 FY26+36%+18%Q3 FY26+63%+24%Q4 FY26
Latest (Q4 FY26): Y/Y +63%, Q/Q +24%.
Macom Technology Solutions Holdings: where the cash came from (+) and went (−), TTM to Q3 FY26Macom Technology Solutions Holdings: where the cash came from (+) and went (−), TTM to Q3 FY26Operating cash flow$271MOther financing−$205MCapital spending−$67.1MCash drawn (+) / kept (−)$35.9MOther investing−$31.5MNet borrowing (+) / repaid (−)−$15.0MShares issued$11.6MExchange rates−$282K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Macom Technology Solutions Holdings: profit against cash, quarter by quarterMacom Technology Solutions Holdings: profit against cash, quarter by quarterNet incomeOperating cash flow$29.4M$62.3MQ4 FY24−$168M$66.7MQ1 FY25$31.7M$38.7MQ2 FY25$36.5M$60.4MQ3 FY25$45.1M$69.6MQ4 FY25$48.8M$42.9MQ1 FY26$46.3M$78.7MQ2 FY26$101M$80.0MQ3 FY26
Latest (Q3 FY26): Net income $101M, Operating cash flow $80.0M.
Macom Technology Solutions Holdings: diluted shares by fiscal yearMacom Technology Solutions Holdings: diluted shares by fiscal year67MFY2070MFY2171MFY2272MFY2374MFY2474MFY25
+11.1% since FY20: more shares outstanding (issuance, stock pay).
Macom Technology Solutions Holdings in its industry: growth against margin (80 companies, SIC 3674)Macom Technology Solutions Holdings in its industry: growth against margin (80 companies, SIC 3674)revenue growth, year over year →↑ operating marginmedian +36%median 11%NVDAMUAVGOINTCAMDAMATTXNADINXPIMRVLAMKRONMCHPQARMFSLRMPWRNXTSWKSQorvo, Inc.UCTTALABPENGCRUSDIODCRDOVIAVOSISSMTCKLICARRYICHRSEDGSITMSYNAENPHLSCCIPGPFORMALGMAAOITESLABRMBSMXLPLABSHLSCBRSAOSLSkyWater Technology, LLCWOLFPOWINLSTAMBALASRAXTIINDIMXAMBQFTCIAIPTYGOLPTHMRAMNVTSKOPNBZAIGUERLEDSGSITNVECSODIQUIKPRSOGCTSMOBXALMUASTIIPWRMTSI (+63%, 32%)
Semiconductors & Related Devices; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Macom Technology Solutions Holdings

We design, develop and manufacture differentiated semiconductor products and solutions for the Industrial and Defense (“I&D”), Data Center and Telecommunications (“Telecom”) industries for customers who demand high performance, quality and reliability. We are headquartered in Lowell, Massachusetts, with operational facilities throughout North America, Europe and Asia. We have more than 70 years of application expertise, combined with expertise in analog and mixed signal circuit design, compound semiconductor fabrication (including gallium arsenide (GaAs), gallium nitride (GaN), indium phosphide (InP) and specialized silicon), advanced packaging and back-end assembly and test.

In its own words, from its 10-K, filed Nov 14, 2025.

Macom Technology Solutions Holdings against its Semiconductors & Related Devices peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +63% against the peers' median +45%. Operating margin: 31.6% against the peers' median 40.1%.

CompanyQuarterRevenueY/YOp. margin
MTSI Macom Technology Solutions HoldingsQ4 FY26$425M+63%31.6%
NVDA NVIDIAQ2 FY27$96.2B+106%66.2%
MU Micron TechnologyQ4 FY26$54.2B+379%80.7%
AVGO BroadcomQ3 FY26$29.6B+86%53.9%
INTC IntelQ3 2026$16.5B+21%15.3%
AMD Advanced Micro DevicesQ3 2026$13.4B+45%21.2%
AMAT Applied MaterialsQ3 FY26$9.1B+25%33.7%
TXN Texas InstrumentsQ3 2026$6.1B+28%47.5%
ADI Analog DevicesQ3 FY26$4.0B+40%40.1%

Source: Macom Technology Solutions Holdings 8-K on SEC EDGAR · CIK 1493594 · Semiconductors & Related Devices

Guidance and outlook

Macom Technology Solutions Holdings Revenue: guidance against what was reportedMacom Technology Solutions Holdings Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 FY25$236MQ3 FY25$252MQ4 FY25$261MQ1 FY26$272MQ2 FY26$289MQ3 FY26$342MQ4 FY26Q1 FY27
Met or beat 6 of 6 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

13F: who owns MTSI and who is buying

Largest holders of MTSI (13F)Largest holders of MTSI (13F)FMR LLC$4.0BBlackRock$3.6BVanguard Portfolio Management LLC$1.4BVanguard Group$1.2BVanguard Capital Management LLC$1.2BT. Rowe Price Investment Manageme…$1.1BState Street$860MInvesco$818MGeode Capital Management, LLC$536MWellington Management Group LLP$459M
Funds' net buying of MTSI by quarter (13F)Funds' net buying of MTSI by quarter (13F)$134M2024-09−$149M2024-12$58.5M2025-03$353M2025-06$524M2025-09$678M2025-12−$142M2026-03−$608M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on MTSI

History

Every quarter: Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results

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