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Makes RF, microwave, analog and photonic semiconductors for data-center, telecom, industrial and defense applications.
Makes RF, microwave, analog and photonic semiconductors for data-center, telecom, industrial and defense applications.
Sells chips mostly through distributors and direct to equipment makers, with parts designed into products for years, so defense and industrial RF parts earn steadily while optical chips for data centers sell in waves tied to network speed upgrades.
Moat: narrow (IP / patents, process know-how). Specialized RF/photonics IP across niche high-frequency and optical markets, though customer concentration exists.
Headquarters: Lowell, Massachusetts, United States · Founded: 1950 · Employees: 2,000
Size MACOM Technology Solutions (MTSI) is a United States Information Technology company (Semiconductors) with a market value of $16.1B, the 571st largest of 3,117 United States companies the cockpit tracks. Shares closed at $210.98 on 6 Nov 2026.
Performance Over six months the shares fell 41.4%, against -11.9% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 28.4% over the last twelve months (peer median +30.7%); the operating margin is 18.1% (peer median 16.0%).
Valuation It trades at 23.2× forward earnings against a peer median of 26.2× (9th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 49% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +37 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.9 points below its cost of capital (13.8% WACC).
Credit MACOM Technology Solutions has 1 bond outstanding ($344M).
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.16B | $967M | $730M | $648M | $675M |
| Revenue growth | — | +33% | +13% | -4% | — |
| Gross profit | $640M | $512M | $371M | $362M | $381M |
| EBITDA | $275M | $193M | $151M | $169M | $190M |
| Net income | $241M | -$54.2M | $76.9M | $91.6M | $440M |
| Free cash flow | $204M | $164M | $140M | $142M | $150M |
| Capital expenditure | $86.8M | $82.2M | $22.4M | $24.7M | $26.5M |
| Total debt | $414M | $603M | $521M | $519M | $634M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MACOM Technology Solutions MTSI | $16.1B | -41% | +28% | 18% | 23.2× | 49.4% |
| Qorvo QRVO | n/a | +45% | n/a | n/a | n/a | n/a |
| Skyworks Solutions SWKS | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% |
| Coherent COHR | $38.0B | -42% | +23% | 14% | 16.6× | n/a |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MTSI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -34.5% | -19.3% | 6th lowest of 20 |
| 6-month return | -41.4% | -11.9% | 5th lowest of 20 |
| Distance from 52-week high | -49.6% | -47.6% | 9th lowest of 21 |
| Revenue growth (TTM) | +28.4% | +30.7% | 11th highest of 21 |
| Operating margin | 18.1% | 16.0% | 10th highest of 21 |
| Forward P/E | 23.2× | 26.2× | 9th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 49.4% | 39.3% | most demanding of 12 |
| Growth delivered (Del g) | +12.8% | +14.6% | 5th lowest of 12 |
| Hurdle (Req g minus delivered) | +36.6 pp | +17.0 pp | 2nd most demanding of 12 |
| ROIC minus cost of capital | -0.9 pp | +3.5 pp | 7th lowest of 20 |
| EV / EBITDA | 57.7× | 23.0× | 3rd most expensive of 9 |
| Net debt / EBITDA | -0.9× | -1.0× | 5th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MACOM Technology Solutions MTSI | United States | $16.1B | -41% | +28% | 18% | 23.2× | 49.4% | +12.8% |
| OmniVision Integrated Circuits 603501.SS | China | $16.1B | -12% | +2% | 13% | 31.4× | n/a | n/a |
| Winbond Electronic 2344.TW | Taiwan | $16.4B | +22% | +154% | 43% | 2.8× | 0.6% | +8.1% |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% | +4.4% |
| Hwatsing Technology 688120.SS | China | $15.4B | +42% | +36% | 18% | 63.8× | 41.8% | +64.4% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 26.2× | n/a | n/a |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 38.4× | 36.4% | +14.6% |
| ASPEED Technology 5274.TWO | Taiwan | $14.3B | -30% | +40% | 53% | 41.1× | 41.3% | +24.3% |
| LONGi Green Energy Technology 601012.SS | China | $14.1B | -25% | -16% | -12% | n/a | n/a | n/a |
| JCET 600584.SS | China | $14.1B | +15% | +4% | 6% | 40.2× | n/a | n/a |
| DapuStor 301666.SZ | China | $18.8B | +20% | +611% | 23% | n/a | n/a | n/a |
| Skyworks Solutions SWKS | United States | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% | -5.0% |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 49.1× | 39.3% | +18.7% |
| Suzhou TFC Optical Communication 300394.SZ | China | $19.9B | -44% | +26% | 51% | 36.3× | 44.8% | +42.7% |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 23.1× | n/a | n/a |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 5.1× | n/a | n/a |
| GlobalFoundries GFS | United States | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% | +7.0% |
| First Solar FSLR | United States | $21.6B | -9% | -1% | 39% | 9.2× | 12.4% | +14.0% |
| Piotech 688072.SS | China | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% | +71.7% |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | n/a | n/a | n/a |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 15.6× | n/a | n/a |
MACOM Technology Solutions has 1 bond outstanding with $344M face value.