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Macom Technology Solutions Holdings cash flow, quarter by quarter

Latest: Q3 FY26 · from the cash-flow statements filed with the SEC

Free cash flow$59.2M in Q3 FY26 · $204M over twelve months

Operating cash flow$80.0M
Capital spending−$20.8M
Free cash flow+$59.2M
Cash / net income0.8×
Cash conversion cycle172 days

Analysis

In Q3 FY26, Macom Technology Solutions Holdings generated $80.0M of operating cash flow and spent $20.8M on capital projects, leaving free cash flow of $59.2M.

Over the twelve months to Jul 3, 2026, operating cash flow was $271M; the largest uses were other financing ($205M), capital spending ($67.1M), other investing ($31.5M); besides operations, cash came from shares issued ($11.6M); the cash balance fell by $35.9M.

Operating cash flow was $80.0M against net income of $101M — 0.8× profit, less cash than reported earnings, worth checking against working capital. The largest differences: inventory −$29.4M, stock-based pay +$21.1M, receivables −$19.5M.

Its cash conversion cycle was 172 days (receivables 45 + inventory 170 − payables 43).

Free cash flow

Macom Technology Solutions Holdings: free cash flow by quarterMacom Technology Solutions Holdings: free cash flow by quarter$57.1MQ4 FY24$61.3MQ1 FY25$30.5MQ2 FY25$51.6MQ3 FY25$49.4MQ4 FY25$30.0MQ1 FY26$65.5MQ2 FY26$59.2MQ3 FY26
Operating cash flow less capital spending.
Macom Technology Solutions Holdings: operating cash flow against capital spendingMacom Technology Solutions Holdings: operating cash flow against capital spendingOperating cash flowCapital spending$62.3M$5.2MQ4 FY24$66.7M$5.3MQ1 FY25$38.7M$8.2MQ2 FY25$60.4M$8.8MQ3 FY25$69.6M$20.2MQ4 FY25$42.9M$12.9MQ1 FY26$78.7M$13.2MQ2 FY26$80.0M$20.8MQ3 FY26
Latest (Q3 FY26): Operating cash flow $80.0M, Capital spending $20.8M.

Capital allocation, year by year

Macom Technology Solutions Holdings: where the cash came from (up) and went (down), by fiscal yearMacom Technology Solutions Holdings: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY21: Operating cash flow $148MFY21: Net borrowing −$102MFY21: Shares issued $6.8MFY21: Asset sales $284KFY21: Capital spending −$18.0MFY21: Buybacks −$23.4M$155MFY21FY22: Operating cash flow $177MFY22: Net borrowing −$957KFY22: Shares issued $8.1MFY22: Asset sales $23KFY22: Capital spending −$26.5MFY22: Buybacks −$36.0M$185MFY22FY23: Operating cash flow $167MFY23: Net borrowing −$122MFY23: Shares issued $5.6MFY23: Asset sales $8.0MFY23: Capital spending −$24.7MFY23: Acquisitions −$87.7MFY23: Buybacks −$32.6M$180MFY23FY24: Operating cash flow $163MFY24: Net borrowing −$1.2MFY24: Shares issued $6.6MFY24: Capital spending −$22.4MFY24: Acquisitions −$72.6MFY24: Buybacks −$14.2M$169MFY24FY25: Operating cash flow $235MFY25: Net borrowing $115MFY25: Shares issued $10.3MFY25: Capital spending −$42.6MFY25: Acquisitions −$12.7MFY25: Buybacks −$43.1M$360MFY25
Over these 5 years operating cash flow totalled $890M; the largest uses were net borrowing ($226M) and acquisitions ($173M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$663M
Debt$340M
Net cash$323M
Due within a year$340M

Macom Technology Solutions Holdings funds itself: free cash flow was $204M over the last twelve months, and $663M of cash and investments stands against $340M of debt ($340M due within a year, 1.9× covered by cash).

Where the cash came from and went

Macom Technology Solutions Holdings: sources (+) and uses (−) of cash, Q3 FY26Macom Technology Solutions Holdings: sources (+) and uses (−) of cash, Q3 FY26Operating cash flow$80.0MOther investing−$69.2MCapital spending−$20.8MCash drawn (+) / kept (−)$8.9MShares issued$6.3MNet borrowing (+) / repaid (−)−$5.1MExchange rates−$125K
Macom Technology Solutions Holdings: sources (+) and uses (−) of cash, TTM to Q3 FY26Macom Technology Solutions Holdings: sources (+) and uses (−) of cash, 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 profit to cash

Macom Technology Solutions Holdings: net income to operating cash flow, Q3 FY26Macom Technology Solutions Holdings: net income to operating cash flow, Q3 FY26Net income$101MDepreciation & amortization$15.7MStock-based pay$21.1MReceivables−$19.5MInventory−$29.4MPayables$9.5MAccrued liabilities−$1.1MDeferred revenue−$219KPrepaid and other assets$4.2MIncome taxes payable$788KOperating cash flow$80.0M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 FY264517043172
Q2 FY265017946184
Q1 FY265218150183
Q4 FY254817349173
Q3 FY254717249169
Q2 FY254317546173
Q1 FY254419143192
Q4 FY244819342199

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 FY26$80.0M−$20.8M——−$5.1M$6.3M$8.9M$59.2M
Q2 FY26$78.7M−$13.2M——−$51.8M—$21.1M$65.5M
Q1 FY26$42.9M−$12.9M—−$47.9M−$1.0M$5.2M−$7.5M$30.0M
Q4 FY25$69.6M−$20.2M—−$451K—$80K$13.3M$49.4M
Q3 FY25$60.4M−$8.8M—−$1.4M−$444K$5.7M−$14.5M$51.6M
Q2 FY25$38.7M−$8.2M−$210K−$3.4M——$122M$30.5M
Q1 FY25$66.7M−$5.3M−$12.5M−$37.9M$63.5M$4.5M−$85.9M$61.3M
Q4 FY24$62.3M−$5.2M—−$342K−$113K$81K−$29.5M$57.1M

Macom Technology Solutions Holdings: income statement and cash flow

Macom Technology Solutions Holdings, Q4 FY26: revenue $425M (+63% year over year), operating margin 31.6%. The chart follows the revenue to costs, profit and cash.

Macom Technology Solutions Holdings: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.