Filing Flows › Macom Technology Solutions Holdings (MTSI) › Q2 FY26
Macom Technology Solutions Holdings (MTSI) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed May 7, 2026
Macom Technology Solutions Holdings (MTSI) reported revenue of $289M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +6% from the quarter before. Operating margin was 17.6%, net earnings $46.3M (16.0% of revenue).
Macom Technology Solutions Holdings, Q2 FY26: revenue $289M (+22% year over year), operating margin 17.6%, net earnings $46.3M, operating cash flow $78.7M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $289M | +6% | +22% |
| Gross profit | $164M | +8% | +26% |
| Operating profit | $50.8M | +17% | +46% |
| Net earnings | $46.3M | -5% | +46% |
| Operating cash flow | $78.7M | +83% | +103% |
| Free cash flow | $65.5M | +118% | +114% |
What changed
Revenue was $289.0M in Q2 FY26, up 22% year over year and up 6% from the previous quarter.
Gross margin was 56.9%, up 1.7 points from Q2 FY25. Operating profit was $50.8M, a 17.6% margin (up 2.8 points year over year). Of the extra revenue versus Q2 FY25, 30% reached operating profit, above the 15% margin then. Operating expenses grew 19% against revenue growth of 22%. The fastest-growing cost line was Research & development (+19%). Net earnings were $46.3M, up 46% year over year. The effective tax rate was 18.6%.
Operating cash flow was $78.7M (up 103% year over year), 170% of net earnings. Non-cash charges added back $15.6M of depreciation and amortization and $22.6M of share-based compensation. Working capital and other items used $5.9M. Capital expenditures of $13.2M left free cash flow of $65.5M.
Questions
What was Macom Technology Solutions Holdings' revenue in the second quarter fiscal 2026?
Macom Technology Solutions Holdings (MTSI) reported revenue of $289M for the second quarter fiscal 2026 (Q2 FY26), +22% from a year earlier and +6% from the quarter before.
Was Macom Technology Solutions Holdings profitable in the second quarter fiscal 2026?
Operating profit was $50.8M (17.6% of revenue) and net earnings $46.3M.
Source: Macom Technology Solutions Holdings 10-Q on SEC EDGAR.