MACOM Q1 revenue rises 24.5%, slightly beats estimates

MACOM Technology Solutions Holdings

05/02/2026 12:39

Overview

Semiconductor supplier's fiscal Q1 revenue rose 24.5% yr/yr, slightly beating analyst expectations

Adjusted net income for fiscal Q1 improved significantly from the previous year

Company expects fiscal Q2 revenue between $281 mln and $289 mln

Outlook

MACOM expects Q2 revenue between $281 mln and $289 mln

Adjusted gross margin expected between 57.0% and 59.0%

Adjusted EPS for Q2 expected between $1.05 and $1.09

Result Drivers

REVENUE GROWTH - Revenue increased 24.5% yr/yr to $271.6 mln, driven by strategic execution and differentiated solutions

MARGIN IMPROVEMENT - Gross margin improved to 55.9% from 53.7% yr/yr, indicating operational efficiencies

STRATEGIC FOCUS - CEO Stephen G. Daly emphasized focus on executing strategic plans and providing differentiated solutions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Beat*
$271.61 mln
$269.67 mln (14 Analysts)
Q1 Net Income
$48.77 mln
Q1 Gross Profit
$151.78 mln
Q1 Income From Operations
$43.30 mln
Q1 Pretax Profit
$49.59 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy"

Wall Street's median 12-month price target for MACOM Technology Solutions Holdings Inc is $208.50, about 3% below its February 4 closing price of $215.03

The stock recently traded at 47 times the next 12-month earnings vs. a P/E of 36 three months ago

Press Release: ID:nGNXYjDwM

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)