MACOM Technology Solutions Holdings, Inc.

macom.com

What Do They Do?

Makes semiconductor components and solutions for industrial and defense, data center, and telecommunications markets.

How Do They Make Money?

Customers buy semiconductor products when they ship under the contract's shipping terms; occasional development and license work is paid over time as services are provided.

FY2025 revenue

Who Are Their Customers?

OEMs and contract manufacturers are among its customers; MACOM sells through direct sales and application engineering as well as independent representatives, resellers and distributors.

Customers above 10% of revenue, FY2025

of revenue from two customers (12%, 11%)

FY2023: no customer at 10% or more of revenue

Do Revenues Turn Into Profits?

Not on paper. It lost $54.2M in FY2025, but brought in more cash than it spent: $192.8M of free cash flow.

Operating income, FY2025

13% of revenue

▲ +76% vs FY2024 ($73.7M, 10%)

Net income, FY2025

−6% of revenue

▼ Now a loss vs FY2024 ($76.9M, 11%)

Free cash flow, FY2025

20% of revenue

▲ +38% vs FY2024 ($140.2M, 19%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Jul 3, 2026

Revenue: ▲ +36%; vs $252.1M in Q3 FY2025
Net income: ▲ +176%; vs $36.5M in Q3 FY2025

Aug 6, 2026 Sets fourth-quarter revenue and adjusted earnings outlook For the fiscal fourth quarter ending October 2, 2026, MACOM expects revenue of $415 million to $425 million and adjusted earnings per diluted share of $1.97 to $2.03.

Growing. Revenue grew 59% in 4 years, from $606.9M in FY2021 to $967.3M in FY2025, about 12% a year.

Broader data center use cases Earlier descriptions emphasized cloud data center providers and optical-transceiver demand; the latest adds AI, machine learning and high-performance computing as use cases and describes data center operators seeking faster optical links.

Expanded telecom applications The latest description adds satellite communications and next-generation mobile networks to telecom applications, alongside the earlier focus on cellular, broadband and fiber networks.

Who Do They Compete With?

Competes with Analog Devices, Broadcom, Credo Technology Group Holding, Marvell Technology, MaxLinear, Microchip Technology, NXP Semiconductors, Qorvo, Semtech, Skyworks Solutions, and Sumitomo Electric Device Innovations

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