MACOM Technology Solutions Holdings, Inc. (MTSI): Results of Operations and Financial Condition
MACOM Technology Solutions Holdings, Inc. (MTSI) filed an SEC Form 8-K — Results of Operations and Financial Condition. MACOM Reports Fiscal Third Quarter 2026 Financial Results LOWELL, MA, August 6, 2026 – MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal third quarter ended July 3
How this was made
The 30-second read
Why it matters
MTSI’s disclosed Q3 profitability expansion and the provided Q4 revenue and margin/EPS ranges are the actionable inputs for traders repricing the stock’s forward earnings power.
Market read
A fresh earnings and guidance print with explicit Q4 targets typically drives near-term positioning around forward estimates and margin expectations.
What to watch
The release emphasizes non-GAAP metrics; traders may discount the durability of adjusted margins versus GAAP and watch for any tax-rate or share-count assumptions behind adjusted EPS.
MACOM Reports Fiscal Third Quarter 2026 Financial Results
Revenue grew 35.8% year over year and 18.4% sequentially, while GAAP and adjusted profitability margins expanded versus both comparison periods. Fourth-quarter revenue guidance of $415 million to $425 million is above reported third-quarter revenue of $342.2 million.
Key metrics
as reported| Metric | Value | q/q | y/y |
|---|---|---|---|
| RevenueGAAP | $342.2 million | 18.4% | 35.8% |
| Gross marginGAAP | 58.3% | – | – |
| Income from operationsGAAP | $77.1 million | – | – |
| Operating marginGAAP | 22.5% of revenue | – | – |
| Net incomeGAAP | $100.7 million | – | – |
| Diluted earnings per shareGAAP | $1.28 per diluted share | – | – |
| Adjusted gross marginnon-GAAP | 59.7% | – | – |
| Adjusted income from operationsnon-GAAP | $107.7 million | – | – |
| Adjusted operating marginnon-GAAP | 31.5% of revenue | – | – |
| Adjusted net incomenon-GAAP | $109.8 million | – | – |
| Adjusted diluted earnings per sharenon-GAAP | $1.40 per diluted share | – | – |
fiscal fourth quarter ending October 2, 2026 outlook
- Revenue$415 million to $425 million
- Gross margin60.0% to 61.0%
- Tax rate3%
- NoteAdjusted earnings per diluted share is expected to be between $1.97 and $2.03
- Note78.9 million fully diluted shares outstanding
What drove it
- MACOM designs and manufactures high-performance semiconductor products for the Industrial and Defense, Data Center and Telecommunications industries.
- Management cited continued execution of its growth strategy.
Concerns
- The release provides forward-looking non-GAAP adjusted gross margin and adjusted earnings per diluted share guidance without a reconciliation to the most comparable GAAP financial data.
- The release identifies risks related to anticipated demand, backlog levels, book-to-bill trends, fabrication facility execution, new product introductions, supply-chain investments and economic conditions.
What to watch
- Fiscal fourth-quarter revenue guidance of $415 million to $425 million.
- Fiscal fourth-quarter adjusted gross margin guidance of 60.0% to 61.0%.
- Fiscal fourth-quarter adjusted earnings per diluted share guidance of $1.97 to $2.03.
- The anticipated non-GAAP income tax rate of 3% and 78.9 million fully diluted shares outstanding used for adjusted diluted earnings per share guidance.
Analysis
MACOM reported a strong fiscal third quarter, with GAAP revenue of $342.2 million, up 35.8% from the previous year fiscal third quarter and 18.4% from the prior fiscal quarter. The release does not provide reported revenue by end market or segment, but identifies Industrial and Defense, Data Center and Telecommunications as the company’s primary industries.
Profitability improved on both a GAAP and adjusted basis. GAAP gross margin was 58.3%, compared with 55.3% in the previous year fiscal third quarter and 56.9% in the prior fiscal quarter. GAAP income from operations was $77.1 million, or 22.5% of revenue, compared with $37.7 million, or 14.9% of revenue, a year earlier and $50.8 million, or 17.6% of revenue, in the prior quarter.
GAAP net income was $100.7 million, or $1.28 per diluted share, versus $36.5 million, or $0.48 per diluted share, in the prior-year quarter and $46.3 million, or $0.60 per diluted share, in the prior quarter. Adjusted net income was $109.8 million, or $1.40 per diluted share, compared with $68.2 million, or $0.90 per diluted share, a year earlier and $84.3 million, or $1.09 per diluted share, sequentially. Adjusted gross margin reached 59.7%, while adjusted operating margin was 31.5% of revenue.
For the fiscal fourth quarter ending October 2, 2026, MACOM expects revenue of $415 million to $425 million, adjusted gross margin of 60.0% to 61.0%, and adjusted diluted earnings per share of $1.97 to $2.03. The EPS outlook uses an anticipated non-GAAP income tax rate of 3% and 78.9 million fully diluted shares outstanding. Management did not provide GAAP equivalents for this forward-looking non-GAAP guidance because it said it cannot reliably estimate certain required inputs.
The filing presents a combination of accelerating reported revenue and broad margin expansion versus both comparable periods, followed by a higher fourth-quarter revenue range and further adjusted gross-margin expansion. The principal items to monitor are execution against the fourth-quarter outlook, demand and backlog trends referenced in the forward-looking disclosures, and the factors excluded from non-GAAP measures, including intangible amortization, share-based compensation, non-cash interest, acquisition and integration-related costs, loss on debt extinguishment and related tax effects.
Management, verbatim
The MACOM team continues to make excellent progress executing our growth strategy,
Stephen G. Daly, President and Chief Executive Officer, MACOM
Not in the filing
stated, not guessed- Revenue by segment or end market
- Segment year-over-year and sequential revenue comparisons
- GAAP operating expenses
- Non-GAAP operating expenses
- GAAP effective tax rate
- Operating cash flow
- Free cash flow
- Capital expenditures
- Cash and cash equivalents
- Short-term investments balance
- Debt balance
- Share repurchases
- Dividends
- Prior-period guidance, so comparison with prior guidance is unavailable
- GAAP reconciliation for forward-looking non-GAAP guidance
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
This is an SEC Form 8-K with the company’s fiscal Q3 FY2026 results (GAAP and adjusted) and management’s Q4 FY2026 outlook.
Ticker impact
MACOM reported fiscal Q3 FY2026 results and issued Q4 revenue, adjusted gross margin, and adjusted EPS guidance.
Likely positive bias for the next trading session and into the Q4 outlook window, assuming the market focuses on the raised profitability trajectory and Q4 range.
The filing discloses GAAP and non-GAAP profitability improvements year over year and sequentially, and provides concrete Q4 targets (revenue $415M-$425M, adjusted gross margin 60%-61%, adjusted EPS $1.97-$2.03).
Market effects
Signals strength in RF/microwave/analog and optical semiconductor demand tied to industrial, defense, and data center end markets.
No specific regional demand shock disclosed; guidance is company-wide.
No explicit global macro or supply-chain disruption details; impact is primarily company-specific within semis.
Counterpoint
Guidance is helpful, but the outlook depends on continued end-market demand and execution; any backlog/book-to-bill weakness could quickly reverse the margin trend.
Key entities
- issuerMACOM Technology Solutions Holdings, Inc.
Semiconductor supplier reporting fiscal Q3 FY2026 results and issuing fiscal Q4 FY2026 guidance.
- executiveStephen G. Daly
President and CEO quoted on progress executing the growth strategy.
