Filing Flows › Macom Technology Solutions Holdings (MTSI) › Q1 FY26
Macom Technology Solutions Holdings (MTSI) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Feb 5, 2026
Macom Technology Solutions Holdings (MTSI) reported revenue of $272M for the first quarter fiscal 2026 (Q1 FY26), +25% from a year earlier and +4% from the quarter before. Operating margin was 15.9%, net earnings $48.8M (18.0% of revenue).
Macom Technology Solutions Holdings, Q1 FY26: revenue $272M (+24% year over year), operating margin 15.9%, net earnings $48.8M, operating cash flow $42.9M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $272M | +4% | +25% |
| Gross profit | $152M | +7% | +30% |
| Operating profit | $43.3M | +9% | +147% |
| Net earnings | $48.8M | +8% | — |
| Operating cash flow | $42.9M | -38% | -36% |
| Free cash flow | $30.0M | -39% | -51% |
What changed
Revenue was $271.6M in Q1 FY26, up 25% year over year and up 4% from the previous quarter.
Gross margin was 55.9%, up 2.2 points from a year earlier. Operating profit was $43.3M, a 15.9% margin (up 7.9 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 8% margin then. Operating expenses grew 9% against revenue growth of 25%. The fastest-growing cost line was Research & development (+10%). Net earnings were $48.8M. The effective tax rate was 1.7%.
Operating cash flow was $42.9M (down 36% year over year), 88% of net earnings. Non-cash charges added back $15.4M of depreciation and amortization and $22.1M of share-based compensation. Working capital and other items used $43.4M. Capital expenditures of $12.9M left free cash flow of $30.0M.
Questions
What was Macom Technology Solutions Holdings' revenue in the first quarter fiscal 2026?
Macom Technology Solutions Holdings (MTSI) reported revenue of $272M for the first quarter fiscal 2026 (Q1 FY26), +25% from a year earlier and +4% from the quarter before.
Was Macom Technology Solutions Holdings profitable in the first quarter fiscal 2026?
Operating profit was $43.3M (15.9% of revenue) and net earnings $48.8M.
Source: Macom Technology Solutions Holdings 10-Q on SEC EDGAR.