MACOM makes the analog chips that connect things wirelessly and with light—think the radio-frequency brains inside 5G base stations, radar systems, and fiber-optic networks. They're the plumbing for signals, not the apps on top. Established in 1950, they've be
Revenue hit USD 0.97B in fiscal 2025, with gross margin at 54.94%—a healthy hardware business. But net income was negative (-USD 0.05B) that year, though recent quarters show recovery: Q3 2026 net margin hit 29.43% on USD 0.34B revenue. Money comes from sellin
MACOM's moat comes from decades of specialized RF and optical expertise—customers like telecom and defense firms can't easily swap to generic chips because these need precise, proven performance. Competitors like Analog Devices, Texas Instruments, and Qorvo of
Sell (sector percentile 18) — value C, growth B+, profitability B, momentum C, revisions D. Updated daily, sector-relative, identical for every user.
Key events, in time order
Multiple earnings and analyses confirm InP laser capacity bottleneck, benefiting MTSI as supplier
Earnings call cites urgent customer demand due to indium phosphide DFB laser shortage; strong 1.6T optical ramp and Q4 guide.
Earnings due pre-open Thursday; multiple sources flag upcoming release
BofA sees potential China ban as validating US optical suppliers, with data center and defense tailwinds.
Institutional quarterly filing reveals 44.1% reduction in position
CloudAlpha initiated long on MTSI in Q1 13F; another account cites it as a re-rate candidate shifting to optics
Q2 FY2026 revenue was $289 million, up 6.4% sequentially and over 22% year-on-year, with adjusted EPS of $1.09 per diluted share
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