MTSI

MACOM Technology Solutions Holdings, Inc.

$273.05

+3.85% Oct 21 close

Information TechnologyS&P 400 Compare

1M 3M 6M 1Y 2Y

MTSISPY

-6.3%

-2.2%

-3.4%

-1.4%

YTD

+59.4%

+95.9%

Live chart

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What they do

MACOM Technology Solutions Holdings, Inc. provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters.

Technology · Semiconductors

For information only · Important disclosures

Grades vs sector

Momentum

80th percentile in sector

A-

12-1 return: +92.3%
Percentile within its GICS sector across the S&P 1500.

Growth

81st percentile in sector

A-

Revenue growth (YoY): +35.8%
Percentile within its GICS sector across the S&P 1500.

Value

12th percentile in sector

D-

Forward E/P: 3.2% · EBITDA/EV: 1.4%
Percentile within its GICS sector across the S&P 1500.

Profitability

67th percentile in sector

Profit margin: +20.7% · Return on equity: +17.2%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

Outside this model's universe or screens

Momentum Blend

Not in the current book

New Highs Growth

Outside this model's universe or screens

Coteau Long Book

Not in the current book

News

More news

2 Cash-Heavy Stocks with Promising Prospects and 1 Facing Headwinds

StockStory · Oct 20

Is MACOM Technology Solutions Holdings (MTSI) Trading At A Premium To Cash Flow?

Simply Wall St. · Oct 20

Lam Research, Lattice Semiconductor, Amkor, Entegris, and MACOM Stocks Trade Down, What You Need To Know

StockStory · Oct 15

Can Semtech's 1.6T Ramp Accelerate its Data Center Growth?

Zacks · Oct 13

Monolithic Power Systems, MACOM, Micron, Seagate, and Vishay Intertechnology Shares Plummet, What You Need To Know

StockStory · Oct 12

Key stats

Market value$20.9B

P/E (last 12 months)87.0

P/E (next 12 months, estimated)32.1

52-week range$133.35 – $418.90

Revenue growth (latest quarter vs a year ago)+35.8%

Dividend yieldNo dividend

Analyst consensusBuy (15)

Average analyst price target$390.33 (+43%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -2 (DCF counts double).

▼DCF (base case)below the price by 75%

▼Forward P/E vs sector32.1x vs median 16.9x

•Piotroski F-score5/9

▲Altman Z21.9 (safe)

▲Net debt / EBITDA-1.2x

▲Analyst target+43% (15 analysts)

Discounted cash flow

CyclicalValued on average-cycle margins

Bear

$38

-86%

growth 15% · disc. 14.0% · term. 2.0%

Base

$67

-75%

growth 24% · disc. 13.0% · term. 2.5%

Bull

$104

-62%

growth 30% · disc. 12.0% · term. 3.0%

Starting cash flow is mid-cycle: 14.0% average margin × current revenue = 0.2B (last 12 months: 0.2B at a 18% margin). On trailing cash flow the base case would be $83.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 40% a year for 10 years.

Implied

+40%/yr

FCF, last 3 yrs

+9%/yr

FCF, last 5 yrs

+5%/yr

Revenue, last 3 yrs

+13%/yr

Revenue, last 5 yrs

+13%/yr

Same inputs as the DCF above: mid-cycle free cash flow 0.2B, 13.0% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-07-03). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.76 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 87th pct

87.0×
pricier

Forward P/E

sector median 16.9× · 88th pct

32.1×
pricier

EV / EBITDA

sector median 20.8× · 92nd pct

74.6×
pricier

Price / sales

sector median 4.6× · 91st pct

17.9×
pricier

Price / book

sector median 5.1× · 83rd pct

13.5×
pricier

FCF yield

sector median 3.5% · 17th pct

1.0%
pricier

Forward EPS $8.50 vs trailing $3.14 (+171% expected growth). Forward P/E uses analysts' next-12-month estimate.

Quality & financial health

Gross margin

56.5%

Operating margin

18.1%

FCF margin

17.5%

Net margin

20.7%

Return on equity

15.6%

Return on invested capital

14.6%

Net debt / EBITDA

-1.2×

Current ratio

2.3×

Interest cover

38.2×

Cash conversion (OCF/NI)

1.1×

Piotroski F-score 5/9 · last two fiscal years

✗ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✓ Gross margin improved✓ Asset turnover improved

Altman Z-score 21.9 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$390

+43%

Analysts

Buy

Range

$300–$475

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$967.3M	$-54.2M	$192.8M
2024	$729.6M	$76.9M	$140.2M
2023	$648.4M	$91.6M	$142.2M
2022	$675.2M	$440.0M	$150.5M
2021	$606.9M	$38.0M	$130.5M
2020	$530.0M	$-46.1M	$153.8M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +12.7%.

Earnings

Next report: 2026-11-05 · before open · EPS est 2.00

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-06	1.35	1.40	+3.9%
2026-05-07	1.07	1.09	+1.6%
2026-02-05	1.00	1.02	+2.2%
2025-11-06	0.93	0.94	+1.2%
2025-08-07	0.90	0.90	+0.4%
2025-05-08	0.84	0.85	+1.1%
2025-02-06	0.78	0.79	+0.7%
2024-11-07	0.73	0.73	-0.4%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$342.2M	+35.8%
2026-03-31	$289.0M	–
2025-12-31	$271.6M	–
2025-09-30	$261.2M	–
2025-06-30	$252.1M	–

Analyst actions

BMO Capital

2026-09-18 · up

Market Perform → Outperform
PT $335

BMO Capital

2026-08-21 · init

→ Market Perform
PT $335

Evercore ISI Group

2026-08-07 · main

Outperform → Outperform
PT $475

Needham

2026-08-06 · main

Buy → Buy
PT $410

Susquehanna

2026-07-21 · main

Neutral → Neutral
PT $300

Stifel

2026-06-24 · main

Buy → Buy
PT $450

Insider trades

Roth Ambra R.

SVP, GC and Secretary · 2026-10-01

Sell
$195.9K

Dennehy Robert

Senior VP and COO · 2026-08-28

Sell
$69.4K

Kober John