MACOM Sets First-Quarter Revenue Outlook at $450 Million to $460 Million

The Tip Desk · November 5, 2026 · 3 min read

Fiscal fourth-quarter revenue reached $424.8 million, up 62.7% from a year earlier, as sequential growth accelerated to 24.1%.

MACOM Technology Solutions Holdings (MTSI), a supplier of high-performance semiconductor products, reported fiscal fourth-quarter revenue of $424.8 million for the period ended October 2, 2026, up 62.7% from $261.2 million a year earlier.

Sequential growth accelerated. Revenue rose 24.1% from $342.2 million in the fiscal third quarter, after 18.4% sequential growth in that quarter and 6.4% in the fiscal second quarter.

GAAP gross margin was 59.9%, compared with 54.5% a year earlier. Adjusted gross margin was 61.3%. GAAP income from operations was $134.2 million, or 31.6% of revenue, versus $39.6 million, or 15.2% of revenue, a year earlier. Adjusted income from operations was $162.3 million, or 38.2% of revenue.

GAAP net income was $139.4 million, or $1.78 a share, versus $45.1 million, or $0.59 a share, a year earlier. Adjusted net income was $163.3 million, or $2.09 a share.

For the full fiscal year ended October 2, 2026, revenue was $1,327.6 million, up 37.3% from $967.3 million in fiscal 2025. GAAP gross margin was 58.0%. GAAP income from operations was $305.5 million. GAAP net income was $335.3 million, or $4.31 a share, versus a net loss of $54.2 million, or $0.73 a share, in fiscal 2025, which included a primarily non-cash $193.1 million loss on extinguishment of debt related to refinancing convertible notes due 2026. Adjusted net income was $435.7 million, or $5.60 a share.

President and Chief Executive Officer Stephen G. Daly said the company had a strong fiscal year 2026 and looks forward to continued growth in fiscal 2027.

For the fiscal first quarter ending January 1, 2027, MACOM expects revenue of $450 million to $460 million, adjusted gross margin of 62.0% to 63.0%, and adjusted earnings of $2.21 to $2.29 a share, using an anticipated non-GAAP income tax rate of 6% and 79.0 million fully diluted shares. That revenue range sits above the $415 million to $425 million outlook the company had given for the fiscal fourth quarter. The first-quarter adjusted gross-margin outlook of 62.0% to 63.0% is above the fourth-quarter outlook of 60.0% to 61.0%. First-quarter adjusted EPS guidance of $2.21 to $2.29 is also above the fourth-quarter outlook of $1.97 to $2.03.

The company said it expects its non-GAAP income tax rate to increase to approximately 6% for fiscal 2027, from 3% used in fiscal 2026 and 2025, primarily as a result of growth in profitability and utilization of remaining historical deferred tax assets.

Cash and cash equivalents were $112.0 million at October 2, 2026. Short-term investments were $680.4 million. Accounts receivable, net, were $209.5 million. Inventories were $284.3 million. Short-term debt was $340.7 million. Long-term debt was zero.

MACOM designs and manufactures semiconductor products for the Industrial and Defense, Data Center and Telecommunications industries.