MTSI Stock Analysis: MACOM Technology Solutions | NASDAQ

Integrated Circuits, Amplifiers, Diodes, Switches

Total Rating 71

Safety 78

Buy Signal 0.09

Semiconductors
Industry Rotation: +16.3

Market Cap: 19.9B
Avg Turnover: 322M

Risk 3d forecast

Volatility65.0%

VaR 5^th Pctl11.4%

VaR vs Median6.51%

Reward TTM

Sharpe Ratio1.45

Rel. Str. IBD76.6

Rel. Str. Peer Group53.7

Character TTM

Beta2.070

Beta Downside1.953

Hurst Exponent0.494

Drawdowns 3y

Max DD44.17%

CAGR/Max DD1.15

CAGR/Mean DD5.08

EPS (Earnings per Share)

EPS CAGR: 20.42%
EPS Trend: 91.0%

Last SUE: 2.08
Qual. Beats: 3

Revenue

Rev. CAGR: 26.99%
Rev. Trend: 98.7%

Last SUE: 3.39
Qual. Beats: 3

Warnings

P/E Ratio 82.0

Below Avwap Earnings

Tailwinds

Confidence

Seasonality 11.6 years of data

Jan -0.3% 7

Feb -0.9% 17

Mar -13.5% 21

Apr -0.8% 17

May +5.6% 22

Jun +2.2% 18

Jul +3.6% 5

Aug -3.1% 15

Sep -2.4% 39

Oct -1.7% 11

Nov +15.0% 47

Dec -0.5% 2

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: MTSI MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc. (MTSI) is a U.S.-based designer and supplier of analog semiconductor solutions that operate across the RF, microwave, millimeter wave, and lightwave spectrums. Its product portfolio spans standard and custom integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.

The company serves three primary end markets: carrier infrastructure (including long-haul/metro networks, 5G and 6G buildouts, satellite communications, and fiber-to-the-X/passive optical networks); industrial and defense applications (such as military and commercial radar, RF jammers, electronic countermeasures, and communication data links); and multi-market/data center uses, including industrial, medical, test and measurement, and scientific applications. Its semiconductors are embedded in wireless base stations, optical networks, radar, medical imaging, satellite systems, and test equipment.

Distribution is handled through a combination of direct sales personnel, applications engineering staff, independent sales representatives, resellers, and distributors, with operations in the United States, China, Japan, Singapore, South Korea, Taiwan, and additional international markets. The company is headquartered in Lowell, Massachusetts, was founded in 1950, and adopted its current name in 2016 after operating as M/A-Com Technology Solutions Holdings, Inc.

Analog RF and microwave semiconductors form a specialized segment of the broader semiconductor industry, distinct from memory, logic, and microprocessor categories. Demand in this segment is closely tied to long-cycle infrastructure investments in telecommunications (especially 5G/6G rollout), defense electronics modernization, and the expansion of high-speed optical and data center connectivity.

Headlines to Watch Out For

Data center optical interconnect demand accelerates revenue growth
Defense RF and microwave orders expand on military spending
China exposure creates geopolitical tariff and supply chain risk

Piotroski VR-10 (Strict) 6.0

Net Income: 240.9m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -3.04 > 1.0
NWC/Revenue: 57.63% < 20% (prev 91.83%; Δ -34.20% < -1%)
CFO/TA 0.09 > 3% & CFO 196.9m > Net Income 240.9m
Net Debt (-254.9m) to EBITDA (348.3m): -0.73 < 3
Current Ratio: 2.34 > 1.5 & < 3
Outstanding Shares: last quarter (78.4m) vs 12m ago 3.35% < -2%
Gross Margin: 56.56% > 18% (prev 53.28%; Δ 3.28% > 0.5%)
Asset Turnover: 56.09% > 50% (prev 45.27%; Δ 10.83% > 0%)
Interest Coverage Ratio: 44.10 > 6 (EBIT TTM 292.9m / Interest Expense TTM 6.64m)

Altman Z'' 5.60

A: 0.31 (Total Current Assets 1.17b - Total Current Liabilities 501.5m) / Total Assets 2.15b
B: -0.02 (Retained Earnings -44.3m / Total Assets 2.15b)
C: 0.14 (EBIT TTM 292.9m / Avg Total Assets 2.08b)
D: 2.54 (Book Value of Equity 1.54b / Total Liabilities 606.0m)
Altman-Z'' = 5.60 = AAA

Beneish M -2.80

DSRI: 1.08 (Receivables 179.1m/129.5m, Revenue 1.16b/906.8m)
GMI: 0.94 (GM 53.28% / 56.56%)
AQI: 1.02 (AQ_t 0.34 / AQ_t-1 0.33)
SGI: 1.28 (Revenue 1.16b / 906.8m)
TATA: 0.02 (NI 240.9m - CFO 196.9m) / TA 2.15b)
Beneish M = -2.80 (Cap -4..+1) = A

What is the price of MTSI shares?

As of September 08, 2026, the stock is trading at USD 268.95 with a total of 1,011,700 shares traded. Over the past week, the price has changed by +1.39%, over one month by -13.47%, over three months by -25.68% and over the past year by +106.49%.

Current recommended Stop Loss: 239.20 (which is 11.1% or 1.9 ATR below the current price).

Is MTSI a buy, sell or hold?

MACOM Technology Solutions has received a consensus analysts rating of 4.25. Therefore, it is recommended to buy MTSI.

StrongBuy: 8
Buy: 4
Hold: 4
Sell: 0
StrongSell: 0

What are the forecasts/targets for the MTSI price?

Analysts Target Price	395.3	47%

MACOM Technology Solutions (MTSI) - Fundamental Data Overview as of 05 September 2026

Market Cap USD = 19.9b (19.9b USD * 1.0 USD.USD)
P/E Trailing = 82.0032
P/E Forward = 30.6748
P/S = 17.0559
P/B = 12.9869
P/EG = 2.0501
Revenue TTM = 1.16b USD
EBIT TTM = 292.9m USD
EBITDA TTM = 348.3m USD
Long Term Debt = 339.6m USD (from longTermDebt, last fiscal year)
Short Term Debt = 341.2m USD (from shortTermDebt, last quarter)
Debt = 408.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 37.0m
Net Debt = -254.9m USD (calculated: Debt 408.2m - CCE 663.0m)
Enterprise Value = 19.6b USD (19.9b + Debt 408.2m - CCE 663.0m)
Interest Coverage Ratio = 44.10 (Ebit TTM 292.9m / Interest Expense TTM 6.64m)
EV/FCF = 164.8x (Enterprise Value 19.6b / FCF TTM 118.9m)
FCF Yield = 0.61% (FCF TTM 118.9m / Enterprise Value 19.6b)
FCF Margin = 10.21% (FCF TTM 118.9m / Revenue TTM 1.16b)
Net Margin = 20.70% (Net Income TTM 240.9m / Revenue TTM 1.16b)
Gross Margin = 56.56% ((Revenue TTM 1.16b - Cost of Revenue TTM 505.6m) / Revenue TTM)
Gross Margin QoQ = 58.31% (prev 56.91%)
Tobins Q-Ratio = 9.13 (Enterprise Value 19.6b / Total Assets 2.15b)
Interest Expense / Debt = 1.63% (Interest Expense 6.64m / Debt 408.2m)
Taxrate = 15.84% (45.3m / 286.3m)
NOPAT = 246.5m (EBIT 292.9m * (1 - 15.84%))
Current Ratio = 2.34 (Total Current Assets 1.17b / Total Current Liabilities 501.5m)
Debt / Equity = 0.26 (Debt 408.2m / totalStockholderEquity, last quarter 1.54b)
Debt / EBITDA = -0.73 (Net Debt -254.9m / EBITDA 348.3m)
Debt / FCF = -2.14 (Net Debt -254.9m / FCF TTM 118.9m)
Total Stockholder Equity = 1.41b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.61% (Net Income 240.9m / Total Assets 2.15b)
RoE = 17.09% (Net Income TTM 240.9m / Total Stockholder Equity 1.41b)
RoCE = 16.74% (EBIT 292.9m / Capital Employed (Equity 1.41b + L.T.Debt 339.6m))
RoIC = 12.78% (NOPAT 246.5m / Invested Capital 1.93b)
WACC = 13.02% (E(19.9b)/V(20.3b) * Re(13.26%) + D(408.2m)/V(20.3b) * Rd(1.63%) * (1-Tc(0.16)))
Discount Rate = 13.26% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 82.46 | Cagr: 3.06%
[DCF] Terminal Value 57.82% ; FCFF base≈140.1m ; Y1≈122.8m ; Y5≈99.2m
[DCF] Fair Price = 15.21 (EV 906.8m - Net Debt -254.9m = Equity 1.16b / Shares 76.4m; r=13.02% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 91.03 | EPS CAGR: 20.42% | SUE: 2.08 | # QB: 3
Revenue Correlation: 98.68 | Revenue CAGR: 26.99% | SUE: 3.39 | # QB: 3
EPS current Quarter (2026-12-31): EPS=2.02 | Chg30d=+23.54% | Revisions=+81% | Analysts=15
EPS current Year (2026-09-30): EPS=5.51 | Chg30d=+9.61% | Revisions=+82% | GrowthEPS=+58.9% | GrowthRev=+36.9%
EPS next Year (2027-09-30): EPS=8.48 | Chg30d=+22.27% | Revisions=+81% | GrowthEPS=+53.8% | GrowthRev=+35.7%
[Analyst] Revisions Ratio: +93% (up=40, down=0)