MTSI MACOM Technology Solutions Holdings, Inc. - Common Stock

NASDAQ · Semiconductors · View on SEC EDGAR ↗
$277.41
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026

About MACOM Technology Solutions Holdings, Inc. - Common Stock Company overview from Wikipedia

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

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MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.

History

1950-1999

The company was founded in the 1950s as Microwave Associates by the engineers Vessarios Chigas, Louis Roberts, Hugh Wainwright and Richard M. Walker. The company was initially a small supplier of magnetrons to the U.S. Army Signal Corps.

In 1969, the company appointed as its president Lawrence Gould, who had joined the company in 1953 while finishing his PhD at MIT. Gould, appointed CEO in 1975, launched an acquisitions spree that included Digital Communications Corporation in 1978, Linkabit in 1980, and Ohio Scientific in 1981. In 1978, Gould changed the company’s name to M/A-COM to reflect its broader market focus.

During this timeframe, the company produced low power wideband RF amplifier modules for use in test & measurement.

Gould was fired as CEO in July 1982, and was replaced by Richard DiBona. After suffering a stroke in 1986, DiBona was replaced by Thomas Burke in 1987, who was killed in a September 1989 automobile accident. Thomas Vanderslice, former CEO of Apollo Computer, was named the final CEO of the independent M/A-COM in December 1989.

The company divested of DCC and Linkabit operations between 1986 and 1990. However, it faced severe financial pressures with the drop in defense spending in the 1990s. Vanderslice sold the company to AMP Inc., in an all-stock transaction completed in June 1995 that was valued at $316 million.

In 1999, AMP itself was acquired by Tyco Electronics.

2000–2010

In 2001, Tyco acquired Com-Net Ericsson and placed the company under the administration of MACOM, as part of the deal, the company acquired the EDACS radio systems team and products and merged them with its own OpenSky resources. The deal also allowed MACOM to become the second largest two-way radio communications manufacturer in the United States. The combined company subsequently developed a P25 radio offering, and has grown its critical communications systems business to be a large player in the modern wireless two-way communications market. In June 2003, XMA Corporation, located in Manchester, New Hampshire, purchased from MACOM the Omni Spectra line of coaxial attenuators and terminations.

On May 13, 2008, Tyco Electronics announced that it would sell its RF Components and Subsystem Business to Cobham plc for $425 million. Tyco Electronics retained the wireless communications part of MACOM, but renamed it Tyco Electronics Wireless Systems. On September 29, 2008, Tyco Electronics and Cobham announced the completion of the sale of Tyco Electronics’ M/A-COM Radio Frequency Components and Subsystems business to Cobham plc. Tyco Electronics kept its Wireless Systems business unit, and changed its name from M/A-COM to Tyco Electronics Wireless Systems.

On March 30, 2009, the company acquired all of the outstanding stock of M/A-COM Technology Solutions Inc., the primary operating subsidiary of MACOM and the related foreign operating subsidiary, M/ACOM Technology Solutions Limited from Cobham. Cobham plc announced that it had sold M/A-COM's commercial business segment, M/A-COM Technology Solutions, to John Ocampo, the owner of GaAs Labs, on March 31, 2009. In May 2010, MACOM acquired Mimix Broadband, a fabless supplier of GaAs semiconductors.

2011–present

In May 2011, MACOM acquired Optomai Inc., a semiconductor company that developed integrated circuits and modules for 40 and 100-Gbit/s fiber optic networks. The company announced it had reached a deal to purchase Mindspeed Technologies, a network infrastructure semiconductor business in November 2013. In February 2014, the company announced that it had sold Mindspeed's wireless business to Intel Corporation. On February 13, 2014, the company purchased Nitronex LLC, a privately held designer of gallium nitride semiconductors for $26 million. That same year, MACOM also purchased the RF and microwave company IKE Micro and SiPh services company, Photonic Controls. In November 2014, MACOM reached an agreement to buy BinOptics Corporation, a provider of InP lasers that started at Cornell University, for $230 million. In November 2015, the company announced that it planned to acquire the Japanese optical subassembly supplier, FiBest Limited, before the end of the first quarter in 2016. In December 2015, MACOM acquired Aeroflex's diode business, Aeroflex Metelics from Cobham for $38 million in cash. In January 2017, MACOM acquired Applied Micro Circuits Corporation. In February 2023, MACOM announced it had acquired the assets and operations of the Limeil-Brévannes semiconductor manufacturer, OMMIC SAS for €38.5 million. In August 2023, it was announced MACOM had entered into a definitive agreement to acquire the RF business of Wolfspeed.

Operations

Technology

MACOM develops and supplies semiconductor technologies for optical, wireless and satellite networks. The company has a portfolio of analog RF, microwave, millimeterwave and photonic semiconductor products. MACOM has 16 Design and Operational centers worldwide including 11 in the United States, two in Ireland and one in Australia, Japan and Taiwan. MACOM produces an array of chip technologies, including gallium arsenide (GaAs), gallium nitride (GaN), silicon photonics (SiPh), aluminum gallium arsenide (AlGaAs), indium phosphide (InP), silicon (Si), heterolithic microwave integrated circuit (HMIC), and silicon germanium (SiGe). The company's acquisition of BinOptics in 2014 allows it to use self-aligning etched facet technology to ensure an efficient manufacturing and testing process. Much of MACOM's current sub-microwave RF product line are generic substitutes for the Motorola SPS MRF series of beryllium oxide devices produced in the mid-1990s, rebranded with revised device datasheets.

Markets

MACOM creates semiconductors for a variety of industries: while the company does provide some semiconductors for consumer electronics, its products are primarily used in commercial and industrial applications. In the aerospace and defense industries, MACOM supplies contractors (like Northrop Grumman) with components that are designed to be integrated into surveillance devices (such as radar). MACOM components are also used by the National Oceanic and Atmospheric Administration (NOAA) and the Federal Aviation Administration.

The company's networking and communications products are used in satellite applications, and they are consumed by clients like Cisco for wired and wireless networking applications. MACOM also creates high-speed optical networking components in high-margin specialized spaces such as data centers, long-haul communications, and metro core networks.

MACOM received a Technology & Engineering Emmy Award for its development of technology that enables high density video switching and routing solutions in 2015. The technology is important in broadcast video infrastructure.

The company also provides power transistors to clients in a variety of industries. For instance, their MOSFET product line has been used in medical instruments (such as MRI systems and CAT scanners) and automotive ignition systems.

Litigation

On January 15, 2009, the State of New York terminated its contract with Tyco Electronics Wireless Systems (often referred to as M/A-COM) due to ongoing and unresolved deficiencies with the OpenSky system.

On February 13, 2009, Tyco Electronics filed a complaint against the New York State Office for Technology (NY-OFT), in the New York State Court of Claims, disputing the claims made by the OFT. In the complaint, Tyco Electronics disputed many of the NY-OFT's public criticisms of both the company and the system, maintaining that SWN (which included OpenSky) ‘worked as contracted.’ The complaint also claimed the state hindered the company's ability to build the system in a timely manner, defamed the company by stating that its technology did not work, and that the state inappropriately drew $50 million from the standby letter of credit the company established for the project.

In June 2014, a Judge ruled that Laird Technologies, Inc. was no longer allowed to supply Ford Motor Company with GPS Modules after MACOM sued for patent infringement.

In April 2016, MACOM filed a suit against the German technology company, Infineon Technologies after alleging that the Infineon was in breach of contract, covenant of good faith and fair dealing and interference with contract.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MTSI Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$277.40
Market Cap
$20.66B
P/E (TTM)
-380.0
EPS (TTM)
$-0.73
Revenue (TTM)
$967M
Div Yield
ROE
-4.3%
Debt/Equity
0.4
52W Range
$118 – $419

MTSI Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $967M
10-point trend, +77.7%
2016-09-30 2025-10-03
EPS $-0.73
10-point trend, -2533.3%
2016-09-30 2025-10-03
Free Cash Flow $193M
8-point trend, +1251.1%
2018-09-28 2025-10-03
Margins -5.6%
8-point trend, +26.9%
2018-09-28 2025-10-03

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MTSI
Peer Median
P/E (TTM)
5-point trend, -244.2%
-380.0
87.1
P/S (TTM)
5-point trend, +32.3%
21.4
20.5
P/B
5-point trend, -25.0%
15.6
6.3
EV / EBITDA
5-point trend, +55.0%
105.6
Price / FCF
5-point trend, +42.7%
107.2

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MTSI
Peer Median
Gross Margin
5-point trend, -2.9%
54.7%
55.4%
Operating Margin
5-point trend, +0.4%
13.4%
Net Profit Margin
5-point trend, -189.5%
-5.6%
19.8%
ROA
5-point trend, -184.4%
-2.8%
10.6%
ROE
5-point trend, -151.8%
-4.3%
15.6%
ROIC
5-point trend, +78.3%
13.2%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MTSI
Peer Median
Debt / Equity
5-point trend, -63.8%
0.4
Current Ratio
5-point trend, -33.9%
3.7
3.7
Quick Ratio
5-point trend, -37.7%
2.9

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MTSI
Peer Median
Revenue YoY
5-point trend, +59.4%
32.6%
Revenue CAGR 3Y
5-point trend, +59.4%
12.7%
Revenue CAGR 5Y
5-point trend, +59.4%
12.8%
EPS YoY
5-point trend, -235.2%
-18.8%
Net Income YoY
5-point trend, -242.8%
-16.1%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MTSI
Peer Median
EPS (Diluted)
5-point trend, -235.2%
$-0.73

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MTSI
Peer Median

MTSI Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 22 analysts
  • Strong Buy 5 22.7%
  • Buy 13 59.1%
  • Hold 4 18.2%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

13 analysts · 2026-08-15
Median target $400.00 +44.2%
Mean target $401.54 +44.7%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Period EPS Actual EPS Est Surprise
Sept. 30, 2026 $1.40 $1.37 0.03%
June 30, 2026 $1.40 $1.37 0.03%
March 31, 2026 $1.09 $1.09 -0.00%
Dec. 31, 2025 $1.02 $1.00 0.02%
Sept. 30, 2025 $0.94 $0.95 -0.01%
June 30, 2025 $0.90 $0.91 -0.01%
March 31, 2025 $0.85 $0.85 -0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MTSI $9.49B -174.5 32.6% -5.6% -4.3% 54.7%
CBRS
MCHP $35.02B 293.7 7.1% 4.9% 3.5% 57.7%
ON $21.48B 186.7 -15.3% 2.0% 1.5% 33.1%
GFS
FSLR $28.03B 18.4 24.1% 29.3% 16.9% 40.6%
SITM $9.29B -205.3 61.2% -13.1% -3.8% 53.6%
LSCC $10.76B 3932.5 2.7% 0.59% 0.44% 68.2%
SMTC $7.51B -176.1 15.5% -3.9% -7.3% 51.6%
SWKS 25.0 -2.2%
RMBS $9.90B 43.5 27.1% 32.6% 17.8% 79.6%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 18
Annual Income Statement data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +185.2% $967M $730M $648M $675M $607M $530M $500M $570M $699M $544M $421M $339M
Cost of Revenue 12-point trend, +121.1% $438M $336M $263M $269M $265M $260M $279M $325M $372M $263M $217M $198M
Gross Profit 12-point trend, +275.3% $529M $394M $386M $406M $342M $270M $221M $246M $327M $282M $204M $141M
R&D Expense 12-point trend, +242.6% $244M $182M $149M $148M $139M $141M $163M $178M $148M $108M $82M $71M
SG&A Expense 12-point trend, +87.5% $155M $138M $130M $125M $122M $124M $153M $162M $188M $145M $110M $83M
Operating Expenses 12-point trend, +136.6% $399M $320M $278M $274M $261M $267M $601M $352M $343M $268M $193M $169M
Operating Income 12-point trend, +565.9% $130M $74M $107M $133M $81M $3M $-380M $-107M $-16M $13M $10M $-28M
Interest Expense 11-point trend, -58.5% · $5M $12M $9M $22M $27M $36M $31M $29M $18M $18M $12M
Interest Income 5-point trend, +1893.3% $30M $23M $21M $4M $2M · · · · · · ·
Other Non-op 12-point trend, +213.5% $10M $10.0K $-665.0K $115M $-6M $-5M $-8M $-45M $-2M $39.0K $-1M $3M
Pretax Income 12-point trend, +29.0% $-29M $92M $115M $243M $43M $-42M $-423M $-155M $-50M $-22M $-15M $-41M
Income Tax 12-point trend, +256.6% $25M $15M $24M $-197M $5M $5M $-39M $-21M $101M $-18M $-10M $-16M
Net Income 12-point trend, -253.8% $-54M $77M $92M $440M $38M $-46M $-384M $-140M $-169M $1M $49M $-15M
EPS (Basic) 12-point trend, -121.2% $-0.73 $1.07 $1.29 $6.30 $0.55 $-0.69 $-5.84 $-2.16 $-2.79 $0.03 $0.95 $-0.33
EPS (Diluted) 12-point trend, -121.2% $-0.73 $1.04 $1.28 $6.18 $0.54 $-0.69 $-5.84 $-2.57 $-2.79 $0.03 $0.95 $-0.33
Shares (Basic) 12-point trend, +57.4% 73,986,000 71,959,000 70,801,000 69,783,000 68,449,000 66,606,000 65,686,000 64,741,000 60,704,000 53,364,000 51,146,000 47,009,000
Shares (Diluted) 12-point trend, +57.4% 73,986,000 73,575,000 71,503,000 71,166,000 70,474,000 66,606,000 65,686,000 65,311,000 60,704,000 53,364,000 51,146,000 47,009,000
EBITDA 10-point trend, +310.8% $193M $141M $160M $190M $151M $82M $-276M $6M · · $65M $47M
Balance Sheet 31
Annual Balance Sheet data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -35.5% $112M $147M $174M $120M $157M $129M $76M $95M $130M $333M $122M $174M
Short-term Investments 11-point trend, +1603.4% $674M $435M $341M $467M $188M $204M $101M $98M $84M $24M $40M ·
Receivables 12-point trend, +138.8% $149M $106M $91M $102M $85M $46M $70M $97M $136M $108M $84M $62M
Inventory 12-point trend, +232.7% $238M $194M $136M $115M $83M $92M $108M $123M $136M $115M $80M $71M
Prepaid Expense 12-point trend, +120.9% $33M $21M $19M $10M $9M $11M $28M $23M $22M $11M $11M $15M
Other Current Assets · · · · · · · · · · · $15M
Current Assets 12-point trend, +222.8% $1.21B $903M $761M $813M $522M $482M $399M $459M $563M $613M $384M $373M
PP&E (Net) 12-point trend, +360.1% $230M $176M $149M $124M $121M $119M $133M $150M $131M $99M $84M $50M
PP&E (Gross) 12-point trend, +418.9% $503M $426M $369M $330M $305M $285M $282M $278M $236M $178M $146M $97M
Accum. Depreciation 12-point trend, +481.7% $273M $250M $220M $206M $184M $166M $149M $128M $105M $79M $62M $47M
Goodwill 12-point trend, +3018.6% $336M $332M $323M $311M $314M $315M $315M $314M $314M $120M $93M $11M
Intangibles 12-point trend, -44.9% $79M $76M $67M $51M $85M $131M $181M $513M $621M $260M $244M $143M
Other Non-current Assets 12-point trend, +122.9% $45M $56M $34M $35M $38M $40M $11M $13M $7M $7M $8M $20M
Total Assets 12-point trend, +208.3% $2.10B $1.76B $1.55B $1.57B $1.13B $1.15B $1.11B $1.48B $1.64B $1.19B $861M $682M
Accounts Payable 12-point trend, +200.0% $68M $43M $25M $31M $29M $23M $25M $42M $47M $31M $29M $23M
Accrued Liabilities 12-point trend, +185.6% $96M $64M $57M $65M $63M $64M $42M $50M $58M $54M $38M $34M
Current Liabilities 12-point trend, +279.6% $325M $108M $84M $97M $93M $95M $75M $107M $117M $92M $71M $86M
Capital Leases 10-point trend, +1055.0% $28M $24M $23M $24M $29M $32M $30M $29M $17M $2M · ·
Deferred Tax 5-point trend, +632000.00 · · · · · · $632.0K $389.0K $15M $12M $0 ·
Other Non-current Liabilities 12-point trend, +386.6% $44M $33M $34M $29M $41M $45M $20M $6M $8M $7M $8M $9M
Total Liabilities 12-point trend, +71.1% $776M $629M $606M $729M $662M $846M $792M $814M $860M $726M $436M $454M
Long-term Debt 10-point trend, +44.4% $501M $448M · $566M · $659M $662M $665M $668M $580M $339M $347M
Total Debt 10-point trend, +44.4% $501M $448M $447M $566M $492M $659M $662M $665M · · $345M $347M
Common Stock 12-point trend, +54.2% $74.0K $72.0K $71.0K $70.0K $69.0K $67.0K $66.0K $65.0K $64.0K $54.0K $53.0K $48.0K
Paid-in Capital 12-point trend, +313.6% $1.56B $1.31B $1.21B $1.20B $1.27B $1.14B $1.10B $1.07B $1.04B $552M $526M $378M
Retained Earnings 12-point trend, -62.7% $-240M $-186M $-263M $-354M $-802M $-840M $-792M $-408M $-267M $-97M $-99M $-148M
Treasury Stock Flat — no change across 12 periods $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K $330.0K
AOCI 12-point trend, +471.8% $5M $3M $-4M $-6M $4M $5M $4M $2M $3M $9M $-2M $-1M
Stockholders' Equity 12-point trend, +480.6% $1.33B $1.13B $948M $843M $472M $300M $314M $669M $777M $463M $425M $229M
Liabilities + Equity 12-point trend, +208.3% $2.10B $1.76B $1.55B $1.57B $1.13B $1.15B $1.11B $1.48B $1.64B $1.19B $861M $682M
Shares Outstanding 12-point trend, +56.7% 74,478,000 72,196,000 70,990,000 69,999,000 68,854,000 66,898,000 66,154,000 65,179,000 64,256,000 53,685,000 52,933,000 47,525,000
Cash Flow 17
Annual Cash Flow data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +82.8% $63M $67M $52M $57M $70M $79M $104M $112M $93M $71M $55M $35M
Stock-based Comp 12-point trend, +603.8% $79M $46M $38M $41M $35M $36M $24M $32M $36M $27M $19M $11M
Deferred Tax 12-point trend, +124.2% $4M $5M $20M $-200M $2M $3M $-40M $-16M $93M $-12M $7M $-19M
Amort. of Intangibles 12-point trend, +54.2% $32M $37M $28M $33M $46M $50M $75M $82M $66M $50M $39M $21M
Restructuring 9-point trend, -100.0% · · · $0 $0 $1M $20M $6M $3M $3M $1M $15M
Other Non-cash 10-point trend, +1212.1% $142M $-32M $-35M $-161M $3M $100M $317M $48M · · $-96M $-13M
Operating Cash Flow 12-point trend, +824.0% $235M $163M $167M $177M $148M $171M $21M $36M $61M $79M $34M $25M
CapEx 12-point trend, +150.7% $43M $22M $25M $27M $18M $18M $38M $53M $33M $31M $38M $17M
Investing Cash Flow 12-point trend, -24.2% $-328M $-181M $36M $-183M $-3M $-107M $-34M $-67M $-338M $-95M $-207M $-264M
Stock Issued 4-point trend, +0.00 · · · · · · · · $0 $0 $128M $0
Stock Repurchased 12-point trend, +3264.7% $43M $14M $33M $36M $23M $7M $4M $7M $19M $10M $9M $1M
Net Stock Activity 10-point trend, -3264.7% $-43M $-14M $-33M $-36M $-23M $-7M $-4M $-7M · · $119M $-1M
Financing Cash Flow 12-point trend, -80.8% $58M $-9M $-149M $-29M $-119M $-11M $-6M $-4M $74M $227M $122M $302M
Net Change in Cash 12-point trend, -154.7% $-35M $-27M $54M $-37M $27M $54M $-19M $-35M $-203M $211M $-52M $63M
Taxes Paid 12-point trend, +246.9% $16M $6M $3M $2M $2M $-17M $-2M $4M $-3M $-373.0K $23M $5M
Free Cash Flow 10-point trend, +2218.3% $193M $140M $142M $150M $130M $154M $-17M $-17M · · $-5M $8M
Levered FCF 9-point trend, +10694.7% · $136M $132M $143M $112M $123M $-50M $-44M · · $-11M $1M
Profitability 8
Annual Profitability data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 10-point trend, +35.5% 54.7% 54.0% 59.5% 60.2% 56.3% 51.0% 44.2% 43.1% · · 48.4% 40.4%
Operating Margin 10-point trend, +1085.3% 13.4% 10.1% 16.6% 19.7% 13.4% 0.64% -76.1% -18.7% · · 2.4% -1.4%
Net Margin 10-point trend, -53.0% -5.6% 10.5% 14.1% 65.2% 6.3% -8.7% -76.8% -24.5% · · 11.6% -3.7%
Pretax Margin 10-point trend, +33.0% -3.0% 12.6% 17.8% 36.0% 7.1% -7.8% -84.7% -27.2% · · -3.7% -4.5%
EBITDA Margin 10-point trend, +77.8% 20.0% 19.3% 24.6% 28.1% 24.9% 15.5% -55.2% 1.0% · · 15.4% 11.2%
ROA 10-point trend, +8.5% -2.8% 4.7% 5.9% 32.5% 3.3% -4.1% -29.7% -9.0% · · 6.3% -3.1%
ROE 10-point trend, +33.4% -4.3% 7.0% 9.8% 61.2% 8.3% -16.1% -125.2% -20.8% · · 14.9% -6.4%
ROIC 10-point trend, +2424.6% 13.2% 3.9% 6.1% 17.0% 7.4% 0.39% -35.4% -6.9% · · 0.47% -0.57%
Liquidity & Solvency 5
Annual Liquidity & Solvency data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 10-point trend, -15.0% 3.7 8.3 9.1 8.4 5.6 5.1 5.3 4.3 · · 5.4 4.4
Quick Ratio 10-point trend, -1.1% 2.9 6.4 7.3 7.1 4.6 4.0 3.3 2.7 · · 3.4 2.9
Debt / Equity 10-point trend, -75.1% 0.4 0.4 0.5 0.7 1.0 2.2 2.1 1.0 · · 0.8 1.5
LT Debt / Equity 10-point trend, -83.0% 0.3 0.4 0.5 0.7 1.0 2.2 2.1 1.0 · · 0.8 1.5
Interest Coverage 9-point trend, +3211.3% · 14.3 8.7 30.9 3.9 0.1 -10.6 -3.4 · · 0.5 -0.5
Efficiency 3
Annual Efficiency data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, -40.2% 0.5 0.4 0.4 0.5 0.5 0.5 0.4 0.4 · · 0.5 0.8
Inventory Turnover 10-point trend, -47.8% 2.0 2.0 2.1 2.7 3.0 2.6 2.4 2.5 · · 2.9 3.9
Receivables Turnover 10-point trend, +26.0% 7.6 7.4 6.7 7.3 9.3 9.2 6.0 4.9 · · 5.8 6.0
Per Share 5
Annual Per Share data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 10-point trend, +271.0% $17.82 $15.60 $13.35 $12.04 $6.85 $4.49 $4.74 $10.26 · · $8.02 $4.80
Revenue / Share 10-point trend, +46.8% $13.07 $9.92 $9.07 $9.49 $8.61 $7.96 $7.61 $8.73 · · $8.22 $8.91
Cash Flow / Share 10-point trend, +491.3% $3.18 $2.21 $2.33 $2.49 $2.11 $2.57 $0.32 $0.56 · · $0.66 $0.54
Cash / Share 10-point trend, -58.8% $1.51 $2.03 $2.45 $1.71 $2.27 $1.93 $1.14 $1.45 · · $2.31 $3.65
EPS (TTM) 12-point trend, -121.2% $-0.73 $1.04 $1.28 $6.18 $0.54 $-0.69 $-5.84 $-2.57 $-2.79 $0.03 $0.95 $-0.33
Growth Rates 7
Annual Growth Rates data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +124.5% 32.6% 12.5% -4.0% 11.2% 14.5% · · · · · · ·
Revenue CAGR 3Y 3-point trend, +83.2% 12.7% 6.3% 7.0% · · · · · · · · ·
Revenue CAGR 5Y 12.8% · · · · · · · · · · ·
EPS YoY 3-point trend, -101.8% · -18.8% -79.3% 1044.4% · · · · · · · ·
EPS CAGR 3Y · 24.4% · · · · · · · · · ·
Net Income YoY 3-point trend, -101.5% · -16.1% -79.2% 1058.6% · · · · · · · ·
Net Income CAGR 3Y · 26.5% · · · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for MTSI
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +185.2% $967M $730M $648M $675M $607M $530M $500M $570M $699M $544M $421M $339M
Net Income TTM 12-point trend, -253.8% $-54M $77M $92M $440M $38M $-46M $-384M $-140M $-169M $1M $49M $-15M
Market Cap 10-point trend, +822.0% $9.49B $8.05B $5.79B $3.63B $4.50B $2.26B $1.43B $1.34B · · $1.52B $1.03B
Enterprise Value 10-point trend, +665.7% $9.20B $7.92B $5.72B $3.60B $4.65B $2.59B $1.92B $1.82B · · $1.71B $1.20B
P/E 12-point trend, -166.3% -174.5 107.2 63.7 8.4 121.0 -49.0 -3.7 -8.0 -16.0 1411.3 30.3 -65.5
P/S 10-point trend, +223.3% 9.8 11.0 8.9 5.4 7.4 4.3 2.9 2.4 · · 3.6 3.0
P/B 10-point trend, +58.8% 7.2 7.1 6.1 4.3 9.5 7.5 4.6 2.0 · · 3.6 4.5
P / Tangible Book 5-point trend, -83.2% 10.4 11.2 10.4 7.6 61.8 · · · · · · ·
P / Cash Flow 10-point trend, -0.9% 40.3 49.5 34.7 20.5 30.3 13.2 69.3 37.0 · · 45.2 40.7
P / FCF 10-point trend, -60.2% 49.2 57.4 40.7 24.1 34.5 14.7 -83.1 -80.2 · · -332.9 123.8
EV / EBITDA 10-point trend, +86.4% 47.7 56.2 35.9 19.0 30.8 31.5 -7.0 309.6 · · 26.3 25.6
EV / FCF 10-point trend, -67.0% 47.7 56.5 40.2 24.0 35.6 16.8 -111.2 -108.4 · · -372.9 144.5
EV / Revenue 10-point trend, +168.5% 9.5 10.9 8.8 5.3 7.7 4.9 3.8 3.2 · · 4.1 3.5
Earnings Yield 12-point trend, +62.7% -0.57% 0.93% 1.6% 11.9% 0.83% -2.0% -26.9% -12.5% -6.2% 0.07% 3.3% -1.5%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-10-032024-09-272023-09-292022-09-302021-10-01
Revenue $967M$730M$648M$675M$607M
Gross Margin % 54.7%54.0%59.5%60.2%56.3%
Operating Margin % 13.4%10.1%16.6%19.7%13.4%
Net Income $-54M$77M$92M$440M$38M
Diluted EPS $-0.73$1.04$1.28$6.18$0.54
Balance Sheet
2025-10-032024-09-272023-09-292022-09-302021-10-01
Debt / Equity 0.40.40.50.71.0
Current Ratio 3.78.39.18.45.6
Quick Ratio 2.96.47.37.14.6
Cash Flow
2025-10-032024-09-272023-09-292022-09-302021-10-01
Free Cash Flow $193M$140M$142M$150M$130M

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Institutional owners (13F) 696 filers · $18.1B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
196 (+81 vs prior Q) 40 (-2 vs prior Q) 204 (+26 vs prior Q) 187 (+27 vs prior Q) -508K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
FMR LLC $3,648,906,907 9,593,046 20.18% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,371,357,090 3,605,324 7.58% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,165,713,473 3,064,683 6.45% Shares
VANGUARD GROUP INC $1,154,269,109 6,739,077 6.38% Shares
STATE STREET CORP $860,488,990 2,262,242 4.76% Shares
GEODE CAPITAL MANAGEMENT, LLC $440,947,585 1,158,949 2.44% Shares
Capital Research Global Investors $413,138,495 1,086,149 2.28% Shares
NORGES BANK $379,126,570 996,731 2.10% Shares
Whale Rock Capital Management LLC $376,104,150 988,785 2.08% Shares
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ $360,438,992 947,601 1.99% Shares
WELLINGTON MANAGEMENT GROUP LLP $328,354,403 863,250 1.82% Shares
NEUBERGER BERMAN GROUP LLC $304,672,420 801,432 1.68% Shares
Qube Research & Technologies Ltd $300,750,191 790,678 1.66% Shares
Polar Capital Holdings Plc $285,474,151 750,517 1.58% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $253,568,716 666,637 1.40% Shares
Rafferty Asset Management, LLC $240,689,007 632,776 1.33% Shares
Artisan Partners Limited Partnership $238,815,341 627,850 1.32% Shares
BANK OF AMERICA CORP /DE/ $177,508,789 466,674 0.98% Shares
Clearbridge Investments, LLC $167,825,737 441,217 0.93% Shares
MILLENNIUM MANAGEMENT LLC $163,711,248 430,400 0.91% Shares
VANGUARD FIDUCIARY TRUST CO $162,215,253 426,467 0.90% Shares
BARCLAYS PLC $160,964,975 423,180 0.89% Shares
GOLDMAN SACHS GROUP INC $155,207,524 408,044 0.86% Shares
Evergreen Quality Fund GP, Ltd. $150,854,742 396,600 0.83% Shares
AMERICAN CENTURY COMPANIES INC $127,410,732 334,965 0.70% Shares
ALLIANCEBERNSTEIN L.P. $126,471,308 569,511 0.70% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $122,228,857 321,342 0.68% Shares
Stephens Investment Management Group LLC $120,352,111 316,408 0.67% Shares
FIRST TRUST ADVISORS LP $118,439,098 311,380 0.65% Shares
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. $116,860,000 307,227 0.65% Shares
Analog Century Management LP $112,700,968 296,293 0.62% Shares
Amundi $98,105,411 257,921 0.54% Shares
JANUS HENDERSON GROUP PLC $96,161,640 433,024 0.53% Shares
Driehaus Capital Management LLC $95,513,570 251,107 0.53% Shares
DIMENSIONAL FUND ADVISORS LP $89,475,957 235,234 0.49% Shares
JANE STREET GROUP, LLC $87,649,420 230,432 0.48% Shares
JANE STREET GROUP, LLC $82,350,105 216,500 0.46% Call option
SEGALL BRYANT & HAMILL, LLC $82,228,006 216,179 0.45% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $80,752,551 212,300 0.45% Call option
MORGAN STANLEY $76,402,359 200,863 0.42% Shares
TimesSquare Capital Management, LLC $75,777,168 341,231 0.42% Shares
JENNISON ASSOCIATES LLC $70,026,497 184,101 0.39% Shares
OBERWEIS ASSET MANAGEMENT INC/ $68,221,642 179,356 0.38% Shares
RHUMBLINE ADVISERS $67,501,533 177,460 0.37% Shares
TD Asset Management Inc $67,406,889 177,214 0.37% Shares
WESTFIELD CAPITAL MANAGEMENT CO LP $66,926,743 175,952 0.37% Shares
GENEVA CAPITAL MANAGEMENT LLC $66,713,305 175,391 0.37% Shares
LOOMIS SAYLES & CO L P $65,341,480 171,784 0.36% Shares
CITADEL ADVISORS LLC $64,662,900 170,000 0.36% Call option
JANE STREET GROUP, LLC $55,610,094 146,200 0.31% Put option
MANUFACTURERS LIFE INSURANCE COMPANY, THE $54,460,996 143,179 0.30% Shares
Assenagon Asset Management S.A. $52,199,316 137,233 0.29% Shares
Swiss National Bank $52,015,598 136,750 0.29% Shares
Squarepoint Ops LLC $51,949,413 136,576 0.29% Shares
Fiera Capital Corp $47,793,491 125,650 0.26% Shares
BlackRock, Inc. $46,858,921 123,193 0.26% Shares
Silverberg Bernstein Capital Management LLC $45,530,289 119,700 0.25% Shares
ENVESTNET ASSET MANAGEMENT INC $42,465,409 111,642 0.23% Shares
California Public Employees Retirement System $42,195,585 110,933 0.23% Shares
NEW YORK STATE COMMON RETIREMENT FUND $41,416,587 108,885 0.23% Shares
Aristotle Capital Boston, LLC $39,113,768 102,830 0.22% Shares
Mirae Asset Global Investments Co., Ltd. $38,674,880 101,677 0.21% Shares
Ranger Investment Management, L.P. $38,221,860 100,486 0.21% Shares
BNP PARIBAS FINANCIAL MARKETS $38,203,982 100,439 0.21% Shares
Panview Capital Ltd $37,270,174 97,984 0.21% Shares
Retirement Systems of Alabama $36,995,927 97,263 0.20% Shares
Gotham Asset Management, LLC $35,125,648 92,346 0.19% Shares
VICTORY CAPITAL MANAGEMENT INC $30,750,633 80,844 0.17% Shares
ADAGE CAPITAL PARTNERS GP, L.L.C. $30,451,281 80,057 0.17% Shares
Point72 Asset Management, L.P. $25,658,619 67,457 0.14% Shares
FRONTIER CAPITAL MANAGEMENT CO LLC $25,622,741 67,363 0.14% Shares
STATE OF WISCONSIN INVESTMENT BOARD $24,702,749 64,944 0.14% Shares
NEXT CENTURY GROWTH INVESTORS LLC $24,257,336 63,773 0.13% Shares
NOMURA ASSET MANAGEMENT CO LTD $23,773,125 62,500 0.13% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $23,620,977 62,100 0.13% Put option
AMERIPRISE FINANCIAL INC $23,449,811 61,650 0.13% Shares
TUDOR INVESTMENT CORP ET AL $23,178,607 60,937 0.13% Shares
RAYMOND JAMES FINANCIAL INC $23,070,582 60,653 0.13% Shares
UBS Group AG $21,848,833 57,441 0.12% Shares
VANGUARD ASSET MANAGEMENT, Ltd $21,545,298 56,643 0.12% Shares
PEREGRINE CAPITAL MANAGEMENT LLC $21,479,114 56,469 0.12% Shares
TWO SIGMA INVESTMENTS, LP $20,146,297 52,965 0.11% Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC $20,082,395 52,797 0.11% Shares
ING GROEP NV $19,703,166 51,800 0.11% Shares
Brevan Howard Capital Management LP $19,371,483 50,928 0.11% Shares
Universal- Beteiligungs- und Servicegesellschaft mbH $19,086,586 50,179 0.11% Shares
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM $18,996,819 49,943 0.11% Shares
Caisse de depot et placement du Quebec $18,790,278 49,400 0.10% Shares
Walleye Capital LLC $18,512,608 48,670 0.10% Shares
CIBC Bancorp USA Inc. $17,830,985 46,914 0.10% Shares
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM $17,630,359 79,391 0.10% Shares
ALGERT GLOBAL LLC $17,458,983 45,900 0.10% Shares
Swedbank AB $17,420,946 45,800 0.10% Shares
MARSICO CAPITAL MANAGEMENT LLC $16,632,059 43,726 0.09% Shares
CITADEL ADVISORS LLC $16,621,789 43,699 0.09% Shares
WORLDQUANT MILLENNIUM ADVISORS LLC $16,355,530 42,999 0.09% Shares
LPL Financial LLC $15,979,344 42,010 0.09% Shares
Nuveen, LLC $15,714,606 41,314 0.09% Shares
Legal & General Group Plc $15,517,194 40,795 0.09% Shares
Bank of New York Mellon Corp $15,269,954 40,145 0.08% Shares

Company insiders 29 insiders · 16 officers · 9 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Stephen G Daly President and CEO May 29, 2026 S 38,389 0 34 $-12,766,804
John Kober Senior VP and CFO May 18, 2026 S 40,972 0 33 $-7,985,080
Conrad Gagnon Chief Financial Officer April 23, 2013 A 119,743 0 0 $0
Robert Dennehy Senior VP and COO May 15, 2026 A 13,010 0 12 $-5,726,273
Dong Hyun Hwang SVP, Global Sales June 25, 2026 S 29,756 0 54 $-5,584,733
Ambra R. Roth SVP, GC and Secretary Nov. 19, 2025 S 9,837 0 6 $-2,778,652
Wayne Mack Struble SVP, Advanced Semiconductor Nov. 8, 2025 F 29,384 0 0 $0
Douglas J Carlson SVP, Technology Nov. 29, 2023 S 4,893 0 0 $0
Vivek Rajgarhia SVP & GM, Lightwave May 17, 2019 A 85,247 0 0 $0
Preetinder S. Virk SVP & GM, Networks May 17, 2019 A 67,559 0 0 $0
Conor Noel Hegarty PFO and PAO April 10, 2019 A 23,658 0 0 $0
John Francis Kennedy SVP & GM, A&D Solutions May 17, 2017 S 10,903 0 0 $0
Michael T. Murphy SVP & GM, RF & Microwave May 17, 2017 S 16,875 0 0 $0
Walter Gregory Baker SVP & GM, RF & Microwave Sept. 16, 2016 S 17,550 0 0 $0
Najabat H. Bajwa SVP and General Manager, HPA April 22, 2015 A 68,825 0 0 $0
Suja Ramnath SVP and General Manager May 19, 2014 S 49,169 0 0 $0
Murugesan Shanmugaraj Director May 19, 2026 G 5,214 0 0 $0
Charles R Bland Director May 19, 2026 G 13,638 0 4 $-1,362,610
Geoffrey G Ribar Director May 11, 2026 S 12,563 0 2 $-1,156,322
Jihye Whang Rosenband Director March 6, 2026 A 7,165 0 2 $-199,048
Bryan Ingram Director March 6, 2026 A 1,747 0 0 $0
John Ritchie Director March 6, 2026 A 9,466 0 1 $-401,115
Gil J Van Lunsen Director March 4, 2022 A 37,806 0 0 $0
Mark Edelstone Director Feb. 28, 2014 A 6,900 0 0 $0
Susan Ocampo 10% owner Feb. 25, 2026 G 3,585,430 0 51 $-474,391,657
Peter Y Chung May 14, 2026 S 6,781 0 1 $-16,363,958
John Croteau May 15, 2019 F 132,275 0 0 $0
Alex Behfar Nov. 20, 2018 S 50,329 0 0 $0
Robert Mcmullan Nov. 20, 2018 S 52,561 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 104 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
SMCO · Tidal Trust II 2.25% 10,297 NS April 30, 2026 N-PORT
FXL · First Trust Exchange-Traded AlphaDE… 1.82% 95,889 NS April 30, 2026 N-PORT
MMSC · First Trust Exchange-Traded Fund VI… 1.38% 1,976 NS May 31, 2026 N-PORT
FFSM · FIDELITY COVINGTON TRUST 1.09% 49,872 NS April 30, 2026 N-PORT
FTC · First Trust Exchange-Traded AlphaDE… 1.01% 45,453 NS April 30, 2026 N-PORT
MIDE · DBX ETF Trust 0.95% 87 NS May 29, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.80% 3,546 NS May 31, 2026 N-PORT
PAMC · Pacer Funds Trust 0.80% 1,779 NS April 30, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.78% 8,781 NS April 30, 2026 N-PORT
SOXL · Direxion Shares ETF Trust 0.67% 404,982 NS April 30, 2026 N-PORT
PTMC · Pacer Funds Trust 0.53% 7,401 NS April 30, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.52% 27,660 NS April 30, 2026 N-PORT
MVV · ProShares Trust 0.51% 2,230 NS May 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.50% 8,602 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.50% 309,960 NS May 31, 2026 N-PORT
BKMC · BNY Mellon ETF Trust 0.45% 9,850 NS April 30, 2026 N-PORT
SCHM · SCHWAB STRATEGIC TRUST 0.44% 174,439 NS May 31, 2026 N-PORT
MIDU · Direxion Shares ETF Trust 0.36% 1,068 NS April 30, 2026 N-PORT
BBMC · J.P. Morgan Exchange-Traded Fund Tr… 0.36% 25,633 NS April 30, 2026 N-PORT
UMDD · ProShares Trust 0.36% 311 NS May 31, 2026 N-PORT
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.34% 7,134 NS May 31, 2026 N-PORT
FSMD · FIDELITY COVINGTON TRUST 0.32% 26,660 NS April 30, 2026 N-PORT
XPND · First Trust Exchange-Traded Fund VI… 0.31% 350 NS May 31, 2026 N-PORT
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.30% 22,867 NS April 30, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.29% 5,948 NS April 30, 2026 N-PORT
TRFM · ETF Series Solutions 0.26% 1,454 NS April 30, 2026 N-PORT
GSEW · Goldman Sachs ETF Trust 0.23% 11,224 NS May 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.17% 104,991 NS April 30, 2026 N-PORT
FBCG · FIDELITY COVINGTON TRUST 0.16% 34,637 NS April 30, 2026 N-PORT
RILA · Spinnaker ETF Series 0.15% 222 NS April 30, 2026 N-PORT
FFLG · FIDELITY COVINGTON TRUST 0.13% 2,691 NS April 30, 2026 N-PORT
FNDA · SCHWAB STRATEGIC TRUST 0.10% 24,353 NS May 31, 2026 N-PORT
LRND · New York Life Investments ETF Trust 0.09% 876 NS April 30, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.08% 41,080 NS April 30, 2026 N-PORT
ONEQ · Fidelity Commonwealth Trust 0.06% 17,356 NS May 31, 2026 N-PORT
USD · ProShares Trust 0.05% 4,286 NS May 31, 2026 N-PORT
GVUS · Goldman Sachs ETF Trust 0.05% 575 NS May 31, 2026 N-PORT
DEUS · DBX ETF Trust 0.04% 267 NS May 29, 2026 N-PORT
SMDX · Tidal Trust III 0.03% 150 NS April 30, 2026 N-PORT
SCHK · SCHWAB STRATEGIC TRUST 0.03% 5,214 NS May 31, 2026 N-PORT
GSLC · Goldman Sachs ETF Trust 0.03% 14,192 NS May 31, 2026 N-PORT
GUSA · Goldman Sachs ETF Trust II 0.03% 2,125 NS May 31, 2026 N-PORT
SCHB · SCHWAB STRATEGIC TRUST 0.03% 38,335 NS May 31, 2026 N-PORT
AVLC · AMERICAN CENTURY ETF TRUST 0.03% 1,111 NS May 31, 2026 N-PORT
TILT · FlexShares Trust 0.03% 2,226 NS April 30, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.03% 19,920 NS April 30, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.03% 43,734 NS April 30, 2026 N-PORT
DCOR · Dimensional ETF Trust 0.03% 2,802 NS April 30, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.03% 10,690 NS April 30, 2026 N-PORT
MSLC · MORGAN STANLEY PATHWAY FUNDS 0.02% 2,448 NS May 31, 2026 N-PORT