MACOM Technology Q3 profit beats on growth strategy execution

MACOM Technology Solutions Holdings

06/08/2026 12:56

Overview
US semiconductor supplier's fiscal Q3 revenue rose 36% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q3 beat analyst expectations
Company expects higher revenue and margins in fiscal Q4

Outlook
MACOM expects Q4 revenue between $415 mln and $425 mln
Company sees Q4 adjusted gross margin of 60.0% to 61.0%
MACOM forecasts Q4 adjusted EPS of $1.97 to $2.03

Result Drivers
GROWTH STRATEGY EXECUTION - Co attributed results to continued execution of its growth strategy, per CEO Stephen G. Daly

Company press release: ID:nGNX21zDVz

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$342.24 mln
$335.39 mln (14 Analysts)
Q3 Adjusted EPS
Beat
$1.40
$1.35 (14 Analysts)
Q3 Net Income
 
$100.71 mln
 
Q3 Gross Profit
 
$199.55 mln
 
Q3 Income From Operations
 
$77.12 mln
 
Q3 Pretax Profit
 
$123.85 mln
 

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 $390.00, about 48% above its August 5 closing price of $263.46
The stock recently traded at 40 times the next 12-month earnings vs. a P/E of 55 three months ago

Reuters Recommended Reads
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Aug 5 - GlobalFoundries tops second quarter estimates on AI chip demand

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)