MACOM Technology Solutions (NASDAQ:MTSI) Issues Earnings Results

MACOM Technology Solutions (NASDAQ:MTSI) released its quarterly earnings results on Thursday. The semiconductor company reported $1.09 EPS for the quarter, beating the consensus estimate of $1.07 by $0.02, FiscalAI reports. MACOM Technology Solutions had a net margin of 16.46% and a return on equity of 16.01%. The business had revenue of $288.96 million during the quarter, compared to analyst estimates of $285.20 million. During the same period in the prior year, the firm posted $0.85 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. MACOM Technology Solutions updated its Q3 2026 guidance to 1.310-1.370 EPS.

Here are the key takeaways from MACOM Technology Solutions’ conference call:

• Q2 results beat expectations with $289M revenue, $1.09 adjusted EPS, a record book-to-bill of 1.5 and a record backlog, indicating strong demand across all end markets.
• Management raised its data center FY2026 base-case growth from 35%–40% to over 60% and guided Q3 revenue of $331M–$339M with 59%–60% adjusted gross margin and $1.31–$1.37 adj. EPS.
• Operational execution is driving margin expansion (Q2 adj. gross margin 58.5%, adj. operating margin 27.8%) with improving fab yields and utilization, modest FY2026 CapEx of $55M–$65M and a net cash position of about $325M.
• Multiple secular growth drivers — notably data center optical ramps, accelerating Industrial & Defense (22% H1 YoY, management expects >20% FY26) and SatCom/LEO opportunities plus new Gen4 GaN and process IP — are expanding MACOM’s SAM; the IQE investment secures key epitaxy supply.
• Some upside remains uncertain: CW laser ramps are still in qual and management does not expect material contribution until FY2027–FY2028, and timing/commodity or supply-chain risks and multi-quarter delivery of backlog could limit near-term upside.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $15.41 during trading hours on Friday, hitting $359.88. 1,768,850 shares of the stock traded hands, compared to its average volume of 1,120,190. The firm’s 50 day moving average price is $249.02 and its 200-day moving average price is $209.70. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.52 and a quick ratio of 3.18. The stock has a market capitalization of $26.99 billion, a price-to-earnings ratio of 155.79, a P/E/G ratio of 5.98 and a beta of 1.60. MACOM Technology Solutions has a 1 year low of $117.17 and a 1 year high of $364.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTSI. Stifel Nicolaus upped their price target on MACOM Technology Solutions from $255.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. JPMorgan Chase & Co. boosted their target price on MACOM Technology Solutions from $240.00 to $345.00 and gave the stock a “neutral” rating in a research note on Friday. Zacks Research lowered MACOM Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. Barclays raised their price target on MACOM Technology Solutions from $265.00 to $400.00 and gave the stock an “overweight” rating in a report on Friday. Finally, Jefferies Financial Group boosted their price target on MACOM Technology Solutions from $185.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $316.82.

More MACOM Technology Solutions News

Here are the key news stories impacting MACOM Technology Solutions this week:

• Positive Sentiment: MACOM reported fiscal Q2 revenue of about $289 million, up 22.5% year over year, and adjusted EPS of $1.09, both ahead of estimates. MACOM Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: The company’s fiscal Q3 outlook was notably stronger than expected, with revenue guidance of $331 million to $339 million and adjusted EPS guidance of $1.31 to $1.37, reinforcing optimism about accelerating growth. MACOM Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Several brokerages boosted price targets, including Barclays to $400, Needham to $400, and Truist to $375, which suggests analysts see more upside despite the recent run-up in the stock. Analyst price target updates via Benzinga
• Neutral Sentiment: JPMorgan and Susquehanna also raised targets, but kept neutral ratings, indicating they see fair value near current levels rather than a clear bearish case. Analyst price target updates via Benzinga

Insider Activity

In related news, Director Geoffrey G. Ribar sold 2,244 shares of the company’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $253.59, for a total value of $569,055.96. Following the sale, the director owned 13,410 shares in the company, valued at $3,400,641.90. This represents a 14.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Robert Dennehy sold 18,398 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $245.25, for a total transaction of $4,512,109.50. Following the completion of the transaction, the chief operating officer owned 12,864 shares in the company, valued at approximately $3,154,896. This trade represents a 58.85% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 551,557 shares of company stock valued at $137,590,774. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. boosted its holdings in MACOM Technology Solutions by 6.2% in the fourth quarter. Pacer Advisors Inc. now owns 11,984 shares of the semiconductor company’s stock valued at $2,053,000 after purchasing an additional 698 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of MACOM Technology Solutions by 83.1% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 3,058 shares of the semiconductor company’s stock valued at $524,000 after buying an additional 1,388 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of MACOM Technology Solutions by 122.1% in the 4th quarter. Raymond James Financial Inc. now owns 602,450 shares of the semiconductor company’s stock valued at $104,440,000 after buying an additional 331,206 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter worth about $324,000. Finally, NewEdge Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 1,731.2% in the fourth quarter. NewEdge Advisors LLC now owns 1,410 shares of the semiconductor company’s stock worth $242,000 after buying an additional 1,333 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.