MACOM Technology Solutions Holdings, Inc.(MTSI)Stock Analysis
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Rank #302 of 2,879 stocksTOP 25%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
MTSI Stock Analysis & AI Quality Score
AI stock analysis and institutional research for MACOM Technology Solutions Holdings, Inc. (MTSI), a Technology sector company. 13F Pro's AI-powered ranking engine scores MTSI at 70.6/100 on a 32-signal composite quality model, placing it at rank #302 of 2,879 stocks — the top 25% of the AI-ranked universe. MTSI scores in the top quartile across earnings quality (89.4), revenue growth (85.8), profitability (84.0). Areas of concern include institutional flow (3.9), which score below median versus the broader universe. Shareholder dilution risk is elevated at 19.3/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MACOM Technology Solutions Holdings, Inc. reports quarterly revenue of $289.0M, net income of $46.3M, an operating margin of 17.6%. Top institutional holders of MTSI by reported 13-F value include FMR, BlackRock,, Invesco Ltd., based on the most recent SEC filings. MTSI trades on the Nasdaq exchange and files with the SEC under CIK 1493594. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MTSI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MACOM Technology Solutions Holdings, Inc. directly from SEC EDGAR. MACOM Technology Solutions Holdings, Inc.'s 13F Pro composite quality score has ranged between 38 and 71 since 2021, currently 70.6 — an improving long-term trajectory across 30 quarterly and live scoring snapshots.
What's Driving MTSI's Business? Latest 10-Q Breakdown
AI-extracted from MACOM Technology Solutions Holdings, Inc.'s 10-Q filed 2026-05-07 — Q2 FY2026 (six months ended April 3, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Revenue grew 23.5% YoY to $560.6M; net income surged to $95.1M from a $135.9M loss in the prior year, driven by strong Data Center growth (+33.8%) and margin expansion to 56.4% gross margin.
Biggest Revenue Drivers
Total revenue: $560.6M+23.5% YoY
Driven by revenue growth from defense programs
Higher sales of high-performance analog, coherent and optical products supporting 100G to 1.6T data rates
Higher sales for PON, metro long haul, broadband access and SATCOM applications
Largest Expense Items
Increases in employee-related costs including headcount, higher R&D-related material costs and depreciation expense
Increases in employee-related costs, software costs and variable selling costs
Watch Items from the Filing
- Customer A represents 17% of six-month revenue and 19% of accounts receivable; Customer C represents 12% of both metrics. Top 10 customers represent 57% of revenue.
- $344.3M of 0% convertible notes due December 2029; company settled remaining $160.7M of 2026 notes in March 2026 via cash repayment and stock issuance.
- Announced post-quarter investment of £30M in equity and £15M in convertible loan notes of IQE plc, subject to regulatory approvals and closing in Q3 FY2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$289.0M
Net Income
Q2 2026
$46.3M
Free Cash Flow
Q2 2026
$65.5M
Operating Margin
Q2 2026
17.6%
D/E Ratio
Q2 2026
0.24
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+32.6% YoYNet Income
-170.5% YoYOperating Income
+76.0% YoYEPS (Diluted)
-170.2% YoYTotal Assets
+19.8% YoYTotal Debt
+11.7% YoYOp. Cash Flow
+44.7% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $967.3M +32.6% | $729.6M +12.5% | $648.4M -4.0% | $675.2M +11.2% | $606.9M +14.5% | $530.0M |
| Net Income | $-54.2M -170.5% | $76.9M -16.1% | $91.6M -79.2% | $440.0M +1058.6% | $38.0M +182.4% | $-46.1M |
| Operating Income | $129.7M +76.0% | $73.7M -31.4% | $107.4M -19.0% | $132.7M +63.8% | $81.0M +2290.9% | $3.4M |
| EPS (Diluted) | $-0.73 -170.2% | $1.04 -18.8% | $1.28 -79.3% | $6.18 +1044.4% | $0.54 +178.3% | $-0.69 |
| Total Assets | $2.10B +19.8% | $1.76B +13.0% | $1.55B -1.2% | $1.57B +38.6% | $1.13B -1.1% | $1.15B |
| Total Debt | $500.6M +11.7% | $448.3M +0.3% | $447.1M -21.0% | $565.9M +15.0% | $492.1M -25.3% | $659.1M |
| Operating Cash Flow | $235.4M +44.7% | $162.6M -2.6% | $166.9M -5.7% | $177.0M +19.3% | $148.4M -13.4% | $171.4M |
AI Insight: MTSI Financial Trends
MACOM delivered eight consecutive quarters of revenue growth, reaching $289M in Q2 2026, while slashing total debt by $160M in a single quarter.
• Revenue grew steadily from $190M in Q2 2024 to $289M in Q2 2026, a 52% cumulative increase over eight quarters.
• Operating income expanded from $20M in Q2 2024 to $51M in Q2 2026, with operating margin rising from ~10.5% to ~17.6%.
• Total debt dropped sharply from $501M in Q4 2025 to $340M in Q2 2026, the largest single-quarter deleveraging in the dataset.
• Equity strengthened consistently from $1,081M in Q2 2024 to $1,418M in Q2 2026, reflecting retained earnings accumulation.
⚠ Operating cash flow fell to $43M in Q1 2026 and rebounded to $79M in Q2 2026 — quarterly volatility warrants monitoring.
⚠ Q1 2025 net income was -$168M despite positive operating income — the nature of that non-operating charge deserves scrutiny.
⚠ Net income dipped from $49M in Q1 2026 to $46M in Q2 2026 despite higher revenue and operating income, signaling rising below-the-line costs.
AI Insight: MTSI Ratio Trends
MACOM's operating margin hit 17.6% in Q2 2026 — a new multi-quarter high — while ROIC surged to 11.6% and leverage fell to its lowest level in the dataset.
• Operating margin expanded from 10.3% in Q2 2024 to 17.6% in Q2 2026, a 730bp improvement over eight quarters.
• ROIC nearly doubled from 5.2% in Q2 2024 to 11.6% in Q2 2026, with consistent sequential gains since Q1 2025.
• D/E ratio declined steadily from 0.43 in Q1 2025 to 0.24 in Q2 2026, signaling meaningful deleveraging.
• NPM dipped to 16.0% in Q2 2026 from 17.9% in Q1 2026, even as operating margin rose — suggesting below-the-line pressure.
⚠ Q1 2025 saw NPM collapse to -76.8% and ROE to -58.2% — monitor for any recurrence of large one-off charges.
⚠ NPM and operating margin diverged in Q2 2026 (17.6% op margin vs. 16.0% NPM); interest or tax items warrant scrutiny.
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Top Institutional Holders of MTSI
FMR LLC
$2.4B10,610,440 shBlackRock, Inc.
$1.9B8,566,283 shInvesco Ltd.
$815.8M3,673,815 shVANGUARD PORTFOLIO MANAGEMENT LLC
$796.6M3,587,081 shVANGUARD CAPITAL MANAGEMENT LLC
$664.6M2,992,851 shSTATE STREET CORP
$478.1M2,152,751 shWELLINGTON MANAGEMENT GROUP LLP
$343.8M1,548,035 shGEODE CAPITAL MANAGEMENT, LLC
$302.0M1,359,534 shCapital Research Global Investors
$271.5M1,222,672 shWhale Rock Capital Management LLC
$260.9M1,174,991 sh
| Fund | Value | Shares |
|---|---|---|
| FMR LLC | $2.4B | 10,610,440 |
| BlackRock, Inc. | $1.9B | 8,566,283 |
| Invesco Ltd. | $815.8M | 3,673,815 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $796.6M | 3,587,081 |
| VANGUARD CAPITAL MANAGEMENT LLC | $664.6M | 2,992,851 |
| STATE STREET CORP | $478.1M | 2,152,751 |
| WELLINGTON MANAGEMENT GROUP LLP | $343.8M | 1,548,035 |
| GEODE CAPITAL MANAGEMENT, LLC | $302.0M | 1,359,534 |
| Capital Research Global Investors | $271.5M | 1,222,672 |
| Whale Rock Capital Management LLC | $260.9M | 1,174,991 |
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Is MTSI a good stock to buy?
13F Pro's AI-powered analysis of MACOM Technology Solutions Holdings, Inc. (MTSI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MTSI are available on the MTSI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own MTSI?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MTSI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MACOM Technology Solutions Holdings, Inc.'s investment landscape.