MACOM Technology Solutions Reports Strong Q4 & Full-Year Fiscal 2026 Financial Results

Executive Summary

On November 5, 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) submitted a Form 8-K under Item 2.02 (Results of Operations and Financial Condition), furnishing its earnings release for the fourth fiscal quarter and full fiscal year ended October 2, 2026.

Key Financial Highlights

Fourth Quarter Fiscal 2026 Performance

• Revenue: $424.8 million, up 62.7% YoY compared to $261.2 million in Q4 FY2025, and up 24.1% sequentially from $342.2 million in Q3 FY2026.
• Gross Margin:
  • GAAP: 59.9% (vs. 54.5% in Q4 FY2025).
  • Non-GAAP Adjusted: 61.3% (vs. 57.1% in Q4 FY2025).
• Operating Income:
  • GAAP Operating Income: $134.2 million (31.6% of revenue), up from $39.6 million (15.2% of revenue) in Q4 FY2025.
  • Non-GAAP Adjusted Operating Income: $162.3 million (38.2% of revenue), up from $67.0 million (25.6% of revenue) in Q4 FY2025.
• Net Income & Diluted EPS:
  • GAAP Net Income: $139.4 million ($1.78 per diluted share), up from $45.1 million ($0.59 per diluted share) in Q4 FY2025.
  • Non-GAAP Adjusted Net Income: $163.3 million ($2.09 per diluted share), up from $71.4 million ($0.94 per diluted share) in Q4 FY2025.

Full-Year Fiscal 2026 Performance

• Revenue: $1,327.6 million, an increase of 37.3% YoY from $967.3 million in FY2025.
• Operating Income: GAAP operating income surged to $305.5 million compared to $129.7 million in FY2025. Adjusted operating income was $424.4 million (32.0% of revenue).
• Net Income & EPS: GAAP net income was $335.3 million ($4.31 per diluted share), recovering sharply from a net loss of $54.2 million in FY2025 (which included a $193.1 million debt extinguishment loss). Non-GAAP adjusted EPS was $5.60 compared to $3.47 in FY2025.

Q1 Fiscal 2027 Business Outlook

For the first quarter of fiscal 2027 (ending January 1, 2027), management provided the following guidance:

• Revenue: Expected to be between $450.0 million and $460.0 million.
• Adjusted Gross Margin: Expected to be between 62.0% and 63.0%.
• Adjusted Diluted EPS: Expected in the range of $2.21 to $2.29, based on an anticipated non-GAAP tax rate of 6% and approximately 79.0 million fully diluted shares.

Strategic & Operational Takeaways

MACOM demonstrated accelerating revenue momentum and margin expansion across both sequential and year-over-year periods, led by broad-based demand across its Industrial and Defense, Data Center, and Telecommunications end markets. Guidance for Q1 FY2027 indicates sustained sequential growth at both the top line and operating margin level.