MTSI · MACOM Technology Solutions Holdings, Inc.

MACOM reported strong Q2 FY2026 results with revenue of $289.0 million, reflecting 22.5% year-over-year growth from $235.9 million and 6.4% sequential growth from $271.6 million, driven by demand in its semiconductor products for Industrial and Defense, Data Center, and Telecommunications markets. GAAP gross margin expanded to 56.9% from 55.2% year-over-year, while adjusted gross margin reached 58.5%, up from 57.5%, indicating improved operational efficiency. Operating income rose to $50.8 million (17.6% of revenue) from $34.9 million (14.8%), and net income increased to $46.3 million or $0.60 per diluted share from $31.7 million or $0.42. Adjusted metrics showed even stronger performance, with operating income at $80.5 million (27.8% margin) and adjusted EPS at $1.09, versus $0.85 year-over-year. CEO Stephen G. Daly expressed satisfaction with first-half results and optimism for strong second-half revenue growth and profitability. For Q3 ending July 3, 2026, MACOM guides revenue to $331-339 million, adjusted gross margin to 59.0-60.0%, and adjusted EPS to $1.31-1.37, using a 3% non-GAAP tax rate and 78.5 million diluted shares. These results and outlook underscore MACOM's execution in high-performance semiconductor markets, with expansions in product portfolio and certifications like IATF16949 and AS9100D supporting growth.