EarningsQ3 2026 Earnings Report
MX:MTSI Q3 2026 EPS Results
Actual EPS$25.43
Consensus EPS$24.56
Beat/MissBeat by +$0.87
One Year Ago EPS$16.35
MX:MTSI Q3 2026 Revenue Results
Actual Revenue$6.22B
Expected Revenue$6.10B
Beat/MissBeat by +$111.81M
YoY Revenue Growth+35.77%
Earnings Announcement Details
QuarterQ3 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:MTSI Upcoming Earnings
MACOM Technology Solutions Holdings's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:MTSI Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial momentum: record bookings, accelerating revenue (Q3 revenue +18.4% sequential, +35.8% YoY), improving margins (gross margin +120 bps QoQ; operating margin materially higher YoY), robust cash balance and confident Q4 guidance. Data Center is the primary growth engine (large sequential and projected YoY increases), supported by ramping photodetectors and multi‑product demand across markets. The company is investing heavily in R&D and targeted capacity expansion (Indium Phosphide, MESC reactor, modest CapEx for potential CW laser ramp) while remaining disciplined on capital. Key risks highlighted include CW laser qualification uncertainty, rising working capital (inventory and AR), input cost inflation and longer lead times, tax rate increases in FY27, and uncertainty around CHIPS funding and several development programs that may or may not reach production. Overall, positive fundamentals and guidance outweigh the execution and market risks outlined.Company Guidance
Record Revenue and Earnings
Q3 revenue of $342.2M, up 18.4% sequentially and 35.8% year-over-year. Adjusted net income $109.8M (up 30.2% sequential) and adjusted EPS $1.40 (vs. $1.09 in Q2). Company guided Q4 revenue $415M–$425M and adjusted EPS $1.97–$2.03.
Record Bookings and Backlog
Q3 book-to-bill ratio reached a record 1.6:1; orders booked and shipped within the quarter represented 11% of total revenue. Management reported the highest quarterly bookings ever and a materially expanding backlog, providing strong near-term visibility.
Data Center Segment Surge
Data Center revenue $137.6M, up approximately 40% sequentially and leading end-market growth. Driving factors: strong demand for 800G and 1.6T PAM4 products, ramping 200G photodetectors, positive customer feedback on 400G PDs, and sampling of new 200G/400G TIAs and drivers. Company expects Q4 Data Center growth ~35% sequential and forecasts ~50% YoY growth entering FY27 base case.
Margin Expansion and Operating Leverage
Adjusted gross profit $204.2M, gross margin 59.7% (up 120 basis points QoQ). Adjusted operating income $107.7M (up 33.9% sequential; up 69.6% YoY), with adjusted operating margin 31.5% (vs. 25.2% in prior year). Guidance implies Q4 gross margin 60%–61% and adjusted operating margin ~37%.
Strong Cash, Liquidity and Cash Flow
Cash, cash equivalents and short-term investments $663M. Net cash position of approximately $322.5M after comparing cash to $340.5M of convertible notes. Q3 operating cash flow ~ $80M and company expects Q4 cash flow from operations in excess of $100M. Q3 CapEx $20.8M; FY26 CapEx estimated $60M–$65M.
Investments in R&D and Manufacturing Capacity
R&D spending ramped to ~ $250M this year (from $132M in 2023). Installed new G10 epitaxial reactor at MESC (France), expanding Indium Phosphide capacity; incremental fab capacity actions planned through FY26–FY27; $61M strategic investment in IQE to strengthen supply chain. Management is preparing modest CapEx to support potential CW laser ramp.
Broader End-Market Momentum
Industrial & Defense revenue $133.4M (up 11% sequential); Defense expected to grow ~25% this year after +19% last year. Telecom revenue $71.3M (up 2% sequential) with multiple tailwinds: LEO program wins (selected for next‑generation satellite optical communications), cable infrastructure growth (~40% Y/Y), and metro long-haul (>50% Y/Y). Automotive submarket expected to double this year.
MX:MTSI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed