MACOM Technology Solutions Holdings, Inc. (MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (MTSI) is a Technology stock trading at $266.11 (as of 2026-08-20), with a market capitalization of $20.32B and a trailing P/E of 84.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MTSI designs and manufactures analog semiconductor solutions used in wireless and wireline systems across RF, microwave, millimeter-wave, and lightwave ranges. It offers standard and custom devices (including integrated circuits, multi-chip modules, diodes, amplifiers, switches, and passive/active components) for applications such as wireless base stations, optical networks, radar, and medical systems, serving telecom, industrial, and defense customers.

Understand MACOM Technology Solutions Holdings, Inc.: how it makes money

MACOM Technology Solutions Holdings designs and manufactures analog semiconductor solutions (including diodes, amplifiers, switches, and custom devices) used in wireless and wireline applications, and it makes money by selling these semiconductor components and subsystems to customers across telecom, data center, and industrial and defense end markets.

The core of the profit engine is turning order momentum into revenue quickly, tracked by how much business is both booked and shipped within the quarter (Turns business share) and how strong near-term demand is (Book-to-bill ratio).

Revenue by segment (latest quarter)
Ind+Def$0.1B
DataCenter$0.1B
Telecom$0.1B

Business quality (Solid): Investors can directly watch demand and execution using disclosed operating KPIs, including book-to-bill and booked-and-shipped timing, but the company also shows high top customer concentration (51%), which increases exposure to customer-specific spending and timing shifts.

Valuation: At 157× earnings, MTSI trades 206% above the Semiconductors average (51×). Note: one-time items can distort reported P/E.

Bull case

  • Near-term order momentum is measurable: Book-to-bill ratio for Q2 is 1.5.
  • Revenue timing discipline is tracked: Turns business share (booked and shipped within the quarter) is 18.0 percent.

Bear case

  • Customer concentration is high: Top ten customers revenue concentration is 51.0 percent.
  • Working capital metrics are important to monitor: Days sales outstanding is 50 count and Inventory turns is 1.9 ratio, which can change cash conversion and costs if they worsen.
Valuation — source: SEC EDGAR (first-party)
Price$266.11
Market Cap$20.32B
P/E Ratio84.4
EV / EBITDA74.1
Price / Book13.19
Price / Sales17.46
FCF Yield1.0%
DCF Value (model)$15.07
DCF Upside vs Price-94.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$967.26M
Net Margin-5.6%
Revenue Growth (YoY)35.8%
EPS Growth (YoY)169.4%
FCF Growth (YoY)14.8%
Financial Health — source: SEC EDGAR
Altman Z-Score16.42 (safe)
Piotroski F-Score5/9 (moderate)
Valuation vs Sector & Industry
Stock P/E84.4
Sector P/E (Technology)33.9
Industry P/E (Electronic Equipment)39.4
vs Sector148.6%
vs Industry114.2%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderFMR LLC ($2.36B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryElectronic Equipment
CEOStephen G. Daly
Employees1,700
CountryUS
IPO Date2012-03-15

Related Companies (Business model: Fabless Semiconductors; 8 closest by market cap; US-domiciled)

  • Cerebras Systems Inc. (CBRS)
  • Qnity Electronics, Inc. (Q)
  • Lattice Semiconductor Corporation (LSCC)
  • SiTime Corporation (SITM)
  • Nextpower Inc. (NXT)
  • Amkor Technology, Inc. (AMKR)
  • Semtech Corporation (SMTC)
  • Applied Optoelectronics, Inc. (AAOI)
MTSI earnings history · MTSI institutional & insider holders · MTSI KPIs & operating metrics · MTSI financials · MTSI investor presentations & press releases · MTSI SEC filings · MTSI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.