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# MACOM Posts $424.8 Million In Sales — And A 31.6% Operating Margin
- URL: https://www.bullished.co/macom-posts-424-8-million-in-sales-and-a-31-6-operating-margin-2d6a24dd/
- Published: 2026-11-06T16:56:50.000Z
- Updated: 2026-11-06T16:56:50.000Z
- Description: The semiconductor supplier forecasts another increase in quarterly revenue, while its annual profit comparison includes a refinancing charge.
- Author: Matteo Parrino
- Tags: SEC Filings, MTSI, Industry: Technology

[MACOM Technology](https://www.bullished.co/tag/mtsi/), which designs and manufactures semiconductor components, reported fourth-quarter revenue of [$424.8 million](https://www.globenewswire.com/news-release/2026/11/05/3396302/0/en/macom-reports-fiscal-fourth-quarter-and-fiscal-year-2026-financial-results.html?ref=bullished.co) Thursday, up 62.7% from a year earlier, with operating profit reaching 31.6% of sales. The results, announced with an [SEC filing](https://www.sec.gov/Archives/edgar/data/0001493594/000149359426000041/mtsi-20261105.htm?ref=bullished.co), put quarterly operating profit at $134.2 million, compared with $39.6 million a year earlier.

## More Sales, Wider Margins

MACOM's growth also accelerated compared with the preceding quarter: revenue rose 24.1% from $342.2 million. A year earlier, quarterly sales were $261.2 million, according to its [earnings statement](https://www.sec.gov/Archives/edgar/data/0001493594/000149359426000041/ex99%5F1earningsreleaseq4fy26.htm?ref=bullished.co).

Gross margin—the share of revenue left after product costs—[reached 59.9%](https://www.globenewswire.com/news-release/2026/11/05/3396302/0/en/macom-reports-fiscal-fourth-quarter-and-fiscal-year-2026-financial-results.html?ref=bullished.co), against 58.3% in the preceding quarter and 54.5% a year earlier. Operating margin compared with 22.5% in the preceding quarter and 15.2% a year earlier; preceding-quarter operating profit was $77.1 million.

Quarterly net profit totaled $139.4 million, or $1.78 per diluted share. That compared with $45.1 million, or $0.59 per share, a year earlier and $100.7 million, or $1.28 per share, in the preceding quarter.

On MACOM's adjusted measure, quarterly profit reached $163.3 million, or $2.09 per diluted share, versus $71.4 million, or $0.94 per share, a year earlier. Adjusted gross margin rose to 61.3% from 57.1%, while adjusted operating profit reached $162.3 million from $67.0 million.

MTSI shares soared about 9% to $206.75 in Friday trading.

## The Refinancing Charge Behind The Comparison

Fiscal 2026 revenue reached $1,327.6 million, up 37.3% from $967.3 million in fiscal 2025\. Annual operating profit increased to $305.5 million from $129.7 million.

The annual bottom-line comparison needs a separate distinction. Fiscal 2025's $54.2 million net loss included a [primarily non-cash charge](https://www.sec.gov/Archives/edgar/data/0001493594/000149359426000041/ex99%5F1earningsreleaseq4fy26.htm?ref=bullished.co) of $193.1 million from refinancing part of MACOM's convertible notes—debt that can convert into shares. Fiscal 2026 net profit was $335.3 million, or $4.31 per diluted share.

Adjusted annual profit, which excludes that charge and other adjustments, increased to $435.7 million, or $5.60 per diluted share, from $263.4 million, or $3.47 per share. Cash generated by operations also rose, reaching $357.086 million for fiscal 2026 versus $235.368 million in fiscal 2025.

MACOM supplies components used in radar, data-center networks, wireless base stations and high-capacity optical networks. The Lowell, Massachusetts-based company serves industrial and defense, data-center and telecommunications customers; distributors accounted for 32.3% of fiscal 2025 revenue.

## A Higher Sales Range For 2027

MACOM forecasts first-quarter revenue of $450 million to $460 million for the period ending January 1, 2027, above its fourth-quarter result. Management expects adjusted earnings of $2.21 to $2.29 per diluted share and an adjusted gross margin of 62% to 63%.

Stephen G. Daly, MACOM's president and chief executive officer, said: “We had a strong fiscal year 2026 and look forward to continued growth in fiscal 2027.”

The outlook assumes a 6% adjusted income-tax rate. MACOM expects that rate to rise from the 3% used in fiscal 2026 and fiscal 2025, primarily because of higher profitability and the use of its remaining historical deferred tax assets.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — MACOM Technology Solutions Holdings, Inc. (MTSI)](https://www.sec.gov/Archives/edgar/data/0001493594/000149359426000041/mtsi-20261105.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit ex99\_1earningsreleaseq4fy26.htm — MACOM Technology Solutions Holdings, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001493594/000149359426000041/ex99%5F1earningsreleaseq4fy26.htm?ref=bullished.co) — SEC EDGAR
- [MTSI Q4 Earnings Surpass Estimates on Data Center Strength](https://finance.yahoo.com/markets/stocks/articles/mtsi-q4-earnings-surpass-estimates-144400545.html?ref=bullished.co) — Yahoo Finance
- [MACOM Technology Solutions Holdings Inc (MTSI) Q4 2026 Earnings Call Highlights: Record $1\. ...](https://finance.yahoo.com/markets/stocks/articles/macom-technology-solutions-holdings-inc-011432673.html?ref=bullished.co) — Yahoo Finance
- [MACOM Reports Fiscal Fourth Quarter and Fiscal Year 2026](https://www.globenewswire.com/news-release/2026/11/05/3396302/0/en/macom-reports-fiscal-fourth-quarter-and-fiscal-year-2026-financial-results.html?ref=bullished.co) — globenewswire.com

### More on MACOM Technology

- [MACOM CEO Calls 80% Data Center Growth His Base Case, Eyes $2 Billion Year](https://www.bullished.co/macom-ceo-calls-80-data-center-growth-his-base-case-eyes-2-billion-year-100f82a2/)

[All MACOM Technology (MTSI) coverage →](https://www.bullished.co/tag/mtsi/)