Track market-moving stories before they get noisy

M/A-Com (MTSI - Free Report) closed the last trading session at $265.27, gaining 5.5% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $389.93 indicates a 47% upside potential.

The average comprises 15 short-term price targets ranging from a low of $294.00 to a high of $475.00, with a standard deviation of $57.28. While the lowest estimate indicates an increase of 10.8% from the current price level, the most optimistic estimate points to a 79.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

But, for MTSI, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in MTSIThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, six estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 11.9%.

Moreover, MTSI currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much MTSI could gain, the direction of price movement it implies does appear to be a good guide.

Allworth Financial LP bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,035 shares of the semiconductor company’s stock, valued at approximately $2,296,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in shares of MACOM Technology Solutions by 11.0% during the second quarter. Versant Capital Management Inc now owns 342 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 34 shares during the last quarter. Pacer Advisors Inc. raised its holdings in MACOM Technology Solutions by 0.4% in the 1st quarter. Pacer Advisors Inc. now owns 12,035 shares of the semiconductor company’s stock valued at $2,673,000 after buying an additional 51 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its position in MACOM Technology Solutions by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,329 shares of the semiconductor company’s stock worth $2,454,000 after buying an additional 53 shares during the period. Meeder Advisory Services Inc. boosted its position in MACOM Technology Solutions by 3.5% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,889 shares of the semiconductor company’s stock worth $324,000 after buying an additional 63 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in MACOM Technology Solutions by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,725 shares of the semiconductor company’s stock worth $467,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes A number of equities research analysts have commented on MTSI shares. BMO Capital Markets began coverage on MACOM Technology Solutions in a research report on Friday. They issued a “market perform” rating and a $335.00 price target on the stock. Truist Financial lifted their price objective on MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Benchmark assumed coverage on shares of MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 target price for the company. Weiss Ratings restated a “hold (c+)” rating on shares of MACOM Technology Solutions in a research report on Wednesday, August 5th. Finally, HC Wainwright restated a “buy” rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $341.25.

View Our Latest Analysis on MACOM Technology Solutions MACOM Technology Solutions Trading Up 0.2% Shares of MTSI opened at $266.61 on Friday. The firm has a market cap of $20.36 billion, a P/E ratio of 85.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The business has a 50-day moving average of $310.66 and a 200 day moving average of $291.91. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $121.97 and a fifty-two week high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million during the quarter, compared to the consensus estimate of $336.08 million. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. MACOM Technology Solutions’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.12 EPS for the current year.

Insider Buying and Selling In other news, SVP Donghyun Thomas Hwang sold 2,620 shares of the firm’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $383.87, for a total transaction of $1,005,739.40. Following the sale, the senior vice president owned 29,756 shares in the company, valued at approximately $11,422,435.72. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the sale, the chief financial officer directly owned 33,583 shares of the company’s stock, valued at $10,950,744.64. This represents a 18.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 25,837 shares of company stock worth $9,204,236. Insiders own 0.36% of the company’s stock.

MACOM Technology Solutions Company Profile (Free Report)

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

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Did you analyze how M/A-Com (MTSI - Free Report) fared in its international operations for the quarter ending June 2026? Given the widespread global presence of this chipmaker, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.

In the current era of a tightly interconnected global economy, the proficiency of a company to penetrate international markets significantly influences its financial health and trajectory of growth. For investors, the key is to grasp how reliant a company is on overseas markets, as this provides insights into the durability of its earnings, its ability to exploit different economic cycles, and its overall growth capabilities.

Being present in foreign markets serves as protection against local economic declines and helps benefit from more rapidly expanding economies. Yet, such expansion also introduces challenges related to currency fluctuations, geopolitical uncertainties and varied market behaviors.

In our recent assessment of MTSI's quarterly performance, we discovered notable trends in its overseas revenue sections, which are typically modeled and scrutinized by Wall Street analysts.

For the quarter, the company's total revenue amounted to $342.24 million, experiencing an increase of 35.8% year over year. Next, we'll explore the breakdown of MTSI's international revenue to understand the importance of its overseas business operations.

A Closer Look at MTSI's Revenue Streams AbroadDuring the quarter, Asia Pacific (excluding China) contributed $40.24 million in revenue, making up 11.8% of the total revenue. When compared to the consensus estimate of $40.16 million, this meant a surprise of +0.19%. Looking back, Asia Pacific (excluding China) contributed $33.45 million, or 11.6%, in the previous quarter, and $29.54 million, or 11.7%, in the same quarter of the previous year.

China generated $133.79 million in revenues for the company in the last quarter, constituting 39.1% of the total. This represented a surprise of +29.49% compared to the $103.32 million projected by Wall Street analysts. Comparatively, in the previous quarter, China accounted for $99.18 million (34.3%), and in the year-ago quarter, it contributed $70.97 million (28.2%) to the total revenue.

Other Countries accounted for 13.8% of the company's total revenue during the quarter, translating to $47.06 million. Revenues from this region represented a surprise of -4.52%, with Wall Street analysts collectively expecting $49.29 million. When compared to the preceding quarter and the same quarter in the previous year, Other Countries contributed $42.32 million (14.7%) and $46.28 million (18.4%) to the total revenue, respectively.

Anticipated Revenues in Overseas MarketsWall Street analysts expect M/A-Com to report $420.1 million in total revenue for the current fiscal quarter, indicating an increase of 60.9% from the year-ago quarter. Asia Pacific (excluding China), China and Other Countries are expected to contribute 9.4% (translating to $39.5 million), 24.6% ($103.25 million), and 10.8% ($45.23 million) to the total revenue, respectively.

Analysts expect the company to report a total annual revenue of $1.3 billion for the full year, marking an increase of 34.7% compared to last year. The expected revenue contributions from Asia Pacific (excluding China), China and Other Countries are projected to be 11% ($143.67 million), 30% ($390.97 million) and 13% ($168.84 million) of the total revenue, in that order.

In ConclusionM/A-Com's reliance on international markets for revenues offers both opportunities and risks. Hence, keeping an eye on its international revenue trends could significantly help forecast the company's prospects.

With the increasing intricacies of global interdependence and geopolitical strife, Wall Street analysts meticulously observe these patterns, especially for companies with an international footprint, to tweak their forecasts of earnings. Importantly, several additional factors, such as a company's domestic market status, also impact these earnings forecasts.

At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.

Boasting a remarkable track record that's been externally verified, the Zacks Rank, our unique stock rating system, leverages changes in earnings projections to function as a reliable gauge for predicting short-term stock price movements.

M/A-Com currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Examining the Latest Trends in M/A-Com's Stock ValueOver the past month, the stock has seen an increase of 1% in its value, whereas the Zacks S&P 500 composite has posted an increase of 2.5%. The Zacks Computer and Technology sector, M/A-Com's industry group, has ascended 0.3% over the identical span. In the past three months, there's been a decline of 16.6% in the company's stock price, against a rise of 5.1% in the S&P 500 index. The broader sector has increased by 0.8% during this interval.

MACOM Technology Solutions Holdings is rated Hold as its forward EV/EBITDA of 46x sits 58 percent above its five-year average despite strong operational execution. My probability-weighted valuation is $272.83 per share, 9.6 percent below the current price, with scenarios ranging from $155.86 in the bear case to $383.95 in the bull case. Strong Q3 growth is offset by rising Customer A and China revenue concentration alongside $340.5 million in now-current convertible notes.

Key Takeaways MACOM Technology's Q3 revenues rose 35.8% to $342.2 million as data center sales reached a record level.MTSI posted a record 1.6 book-to-bill ratio, reflecting its highest quarterly bookings.MACOM Technology expects Q4 revenues of $415-$425 million and adjusted EPS of $1.97-$2.03. MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) reported third-quarter fiscal 2026 earnings of $1.40 per share, which beat the Zacks Consensus Estimate by 4.5%. The bottom line grew 55.6% year over year.

MACOM Technology’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 2.6%.

MTSI posted revenues of $342.2 million in the third quarter of fiscal 2026, surpassing the Zacks Consensus Estimate by 2.1%. The top line increased 35.8% year over year.

Growth was broad-based across all three end markets, led by data center. MACOM also posted a record book-to-bill ratio of 1.6, reflecting its highest quarterly bookings to date and strengthening visibility entering the final quarter of fiscal 2026.

MTSI's Data Center Business Leads GrowthData center revenues were $137.60 million, rising roughly 40% sequentially to a record level. Management said fiscal 2026 data center growth is trending toward about 74%, with 200G PAM4 products for pluggable optical modules serving as the primary year-over-year growth driver.

Bookings strength in data center was mainly tied to 1.6T and 800G platforms. The company is also seeing growth in ZR light, 100G-per-lane products and legacy 25G-per-lane offerings, while 200G photodetectors are ramping up in volume production.

MACOM's I&D and Telecom Sales AdvanceIndustrial and Defense revenues reached a record $133.40 million, up 11% sequentially. MACOM expects its defense business to grow about 25% this year, supported by demand across radar, missile and missile-defense, drone and anti-drone, communications and electronic-warfare systems.

Telecom revenues were $71.30 million, up 2% sequentially. Management highlighted opportunities in low-Earth-orbit satellite networks, while noting that 5G remains the largest part of telecom. Cable infrastructure revenues are expected to grow about 40% this year, while metro long-haul is tracking above 50% growth.

MTSI Operating DetailsFor the third quarter of fiscal 2026, MACOM’s adjusted gross margin was 59.7% compared with 57.6% in the prior-year quarter. Adjusted operating income came in at $107.7 million, up from $63.5 million reported in the year-ago period. As a percentage of revenues, the adjusted operating income came in at 31.5%, up 630 basis points from the year-ago quarter.

Non-GAAP operating expenses were $96.5 million, up 18.2% year over year. As a percentage of revenues, non-GAAP operating expenses came in at 28.2%, contracting 420 basis points from the prior-year period.

MTSI’s Balance Sheet and Cash FlowAs of July 3, 2026, cash equivalents and short-term investments totaled $663.03 million, down from $664.9 million in the prior quarter.

For the third quarter of fiscal 2026, MTSI’s net cash flows from operating activities came in at $80 million.

Capital expenditures totaled $20.80 million, with fiscal 2026 CapEx expected between $60 million and $65 million as MACOM expands manufacturing capacity and R&D capabilities. The company also invested $61 million in IQE during the third quarter to strengthen supply-chain resilience.

MTSI’s Guidance for Q4 FY26For the fourth quarter of fiscal 2026, MACOM Technology expects revenues between $415 million and $425 million. The Zacks Consensus Estimate for fourth-quarter fiscal 2026 revenues is pegged at $356.8 million, indicating year-over-year growth of 36.6%.

The company anticipates adjusted earnings per share between $1.97 and $2.03. The Zacks Consensus Estimate for earnings is pinned at $1.46 per share, indicating growth of 55.3% year over year.

Zacks Rank & Stocks to ConsiderCurrently, MTSI carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Lumentum (LITE - Free Report) , Applied Materials (AMAT - Free Report) and Analog Devices (ADI - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Lumentum have surged 127.4% year to date. The Zacks Consensus Estimate for LITE’s fiscal 2026 earnings is pegged at $8.19 per share, up by 5 cents over the past 30 days, indicating an increase of 297.6% year over year.

Shares of Applied Materials have jumped 105.2% year to date. The Zacks Consensus Estimate for AMAT’s fiscal 2026 earnings is pegged at $12.17 per share, up by 3 cents over the past seven days, indicating a rise of 29.2% year over year.

Analog Devices shares have surged 39.1% year to date. The Zacks Consensus Estimate for ADI’s fiscal 2026 earnings is pegged at $12.42 per share, up by 10 cents over the past 30 days, indicating an increase of 59.4% year over year.

MACOM Technology Solutions Holdings, Inc. (MTSI) Q3 2026 Earnings Call August 6, 2026 8:30 AM EDT

Company Participants

Stephen Ferranti - Senior Vice President of Corporate Development & Investor Relations
Stephen Daly - President, CEO & Chairman
John Kober - CFO & Senior VP

Conference Call Participants

Thomas O'Malley - Barclays Bank PLC, Research Division
Blayne Curtis - Jefferies LLC, Research Division
Vivek Arya - BofA Securities, Research Division
Quinn Bolton - Needham & Company, LLC, Research Division
Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
Sean O'Loughlin - TD Cowen, Research Division
Christopher Rolland - Susquehanna Financial Group, LLLP, Research Division
William Stein - Truist Securities, Inc., Research Division
Karl Ackerman - BNP Paribas, Research Division
Timothy Savageaux - Northland Capital Markets, Research Division

Presentation

Operator

Welcome to MACOM's Third Fiscal Quarter 2026 Conference Call. This call is being recorded today, Thursday, August 6, 2026. [Operator Instructions] I will now turn the call to Ms. Stephen Ferranti, MACOM's Senior Vice President of Corporate Development and Investor Relations. Mr. Ferranti, please go ahead.

Stephen Ferranti
Senior Vice President of Corporate Development & Investor Relations

Thank you, Olivia. Good morning, and welcome to our call to discuss MACOM's financial results for the third fiscal quarter of 2026.

I would like to remind everyone that our discussion today will contain forward-looking statements, which are subject to certain risks and uncertainties as defined in the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those discussed today.

For a more detailed discussion of the risks and uncertainties that could result in those differences, we refer you to MACOM's filings with the SEC. Management's statements during this call will also include a discussion of certain adjusted non-GAAP financial information. A reconciliation of GAAP to adjusted non-GAAP results are provided in the company's

M/A-Com (MTSI - Free Report) came out with quarterly earnings of $1.4 per share, beating the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $0.9 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +4.48%. A quarter ago, it was expected that this chipmaker would post earnings of $1.07 per share when it actually produced earnings of $1.09, delivering a surprise of +1.87%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

M/A-Com, which belongs to the Zacks Semiconductor - Analog and Mixed industry, posted revenues of $342.24 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.13%. This compares to year-ago revenues of $252.08 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

M/A-Com shares have added about 53.8% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for M/A-Com?While M/A-Com has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for M/A-Com was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.46 on $356.82 million in revenues for the coming quarter and $4.93 on $1.25 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor - Analog and Mixed is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Analog Devices (ADI - Free Report) , has yet to report results for the quarter ended July 2026. The results are expected to be released on August 19.

This semiconductor maker is expected to post quarterly earnings of $3.33 per share in its upcoming report, which represents a year-over-year change of +62.4%. The consensus EPS estimate for the quarter has been revised 1.8% higher over the last 30 days to the current level.

Analog Devices' revenues are expected to be $3.92 billion, up 36.3% from the year-ago quarter.

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SummaryMACOM Technology Solutions (MTSI) is executing on dual secular growth drivers: AI-fueled data center optical infrastructure and a global defense electronics upcycle.Q2 FY26 saw Data Center revenue up 36% y/y and Industrial & Defense up 22% y/y, with Q3 revenue guidance of $331–339M, implying 16% sequential growth.Adjusted gross margins are approaching 60% and adjusted EBITDA margins exceed 31%, highlighting significant operating leverage from differentiated compound semiconductor manufacturing.Shares trade at ~50x FY26E adjusted EBITDA, reflecting high expectations and requiring sustained execution; I rate MTSI as Buy, but near-term margin of safety is thin.My Thesis MACOM Technology Solutions (NASDAQ: MTSI) has been quietly building two of the most durable secular growth exposures in analog semiconductor: AI industrialization fueling the high-speed data center optical infrastructure market and a multi-year resurgence in global defense electronics spending․ Major

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MTSI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

California State Teachers Retirement System raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ: MTSI) by 24.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 79,391 shares of the semiconductor company's stock after buying an additional 15,607 shares during the quarter.

Posted by Defense World Staff on Jul 29th, 2026

Dimensional Fund Advisors LP reduced its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 44.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 529,138 shares of the semiconductor company’s stock after selling 417,994 shares during the period. Dimensional Fund Advisors LP owned 0.71% of MACOM Technology Solutions worth $117,466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. KBC Group NV increased its holdings in MACOM Technology Solutions by 0.9% in the 1st quarter. KBC Group NV now owns 23,823 shares of the semiconductor company’s stock valued at $5,290,000 after buying an additional 210 shares during the period. Trivest Advisors Ltd bought a new position in MACOM Technology Solutions in the first quarter valued at approximately $14,301,000. Swiss National Bank boosted its position in shares of MACOM Technology Solutions by 1.0% in the 1st quarter. Swiss National Bank now owns 133,550 shares of the semiconductor company’s stock worth $29,657,000 after purchasing an additional 1,300 shares during the last quarter. California Public Employees Retirement System boosted its position in shares of MACOM Technology Solutions by 3.9% during the first quarter. California Public Employees Retirement System now owns 110,216 shares of the semiconductor company’s stock worth $24,476,000 after purchasing an additional 4,104 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of MACOM Technology Solutions by 4.2% in the first quarter. Bank of New York Mellon Corp now owns 400,926 shares of the semiconductor company’s stock worth $89,034,000 after acquiring an additional 16,043 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets In other news, SVP Donghyun Thomas Hwang sold 3,718 shares of MACOM Technology Solutions stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $276.74, for a total value of $1,028,919.32. Following the transaction, the senior vice president owned 34,886 shares in the company, valued at approximately $9,654,351.64. This trade represents a 9.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Geoffrey G. Ribar sold 1,623 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $361.84, for a total value of $587,266.32. Following the transaction, the director directly owned 12,563 shares of the company’s stock, valued at $4,545,795.92. This trade represents a 11.44% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 78,096 shares of company stock valued at $28,760,941 over the last three months. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets MTSI has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of MACOM Technology Solutions in a research report on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of MACOM Technology Solutions from $240.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Susquehanna dropped their price target on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Finally, Barclays increased their price target on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $330.45.

Get Our Latest Stock Analysis on MTSI

MACOM Technology Solutions Stock Down 5.3% Shares of NASDAQ MTSI opened at $249.23 on Wednesday. The stock has a market capitalization of $19.02 billion, a P/E ratio of 107.89, a PEG ratio of 2.16 and a beta of 1.65. The stock’s fifty day moving average is $344.47 and its 200 day moving average is $283.71. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $118.16 and a 52 week high of $418.90. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.84 and a current ratio of 7.52.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. The firm had revenue of $288.95 million for the quarter, compared to the consensus estimate of $285.20 million. MACOM Technology Solutions had a net margin of 16.46% and a return on equity of 16.01%. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 3.68 earnings per share for the current fiscal year.

MACOM Technology Solutions Profile (Free Report)

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

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KraneShares has rolled out a new thematic exchange-traded fund aimed at one of the hottest corners of the AI hardware trade: the companies that make lasers, optical transceivers and photonic chips that move data through fiber inside and between data centers. The KraneShares Photonic and Optical ETF (NYSEARCA:LUMA) began trading this month on NYSE Arca, with its statutory prospectus dated July 8, 2026. Only two trading days of price history are available so far, and the fund closed at $22.04 on July 16, 2026.

Costs are the first thing to understand. The prospectus lists a management fee of 0.99% of average daily net assets, which would work out to about $99 a year on a $10,000 investment. KraneShares has voluntarily agreed to waive 0.35% of that fee, taking the effective cost to roughly 0.64%, or about $64 a year per $10,000. The issuer notes the waiver can be modified or terminated with notice, so the discount is not guaranteed.

What the Fund Does LUMA is an actively managed fund, meaning a portfolio team picks the holdings rather than mechanically tracking an index. The stated focus is companies tied to photonics and optical technology: laser makers, optical component and transceiver suppliers, silicon photonics foundries and the networking semiconductor firms that build high-speed optical interconnects. That basket lines up closely with the kind of names that have benefited from AI-driven demand for faster, more energy-efficient data movement.

Publicly traded companies fitting the theme include Lumentum (NASDAQ:LITE | LITE Price Prediction), Coherent (NYSE:COHR), Tower Semiconductor (NASDAQ:TSEM) and MACOM (NASDAQ:MTSI). KraneShares has not yet published a full top-holdings list for LUMA at launch, so investors will need to check the fund page as disclosures roll out. The prospectus also flags that the fund may invest in non-U.S. issuers, exposing shareholders to currency swings and foreign market risks.

Why It Exists and How It Stacks Up The pitch is straightforward: photonics is a real and rapidly growing niche within AI infrastructure. Lumentum has delivered a one-year gain of 608.85%, Coherent is up 183.13%, Tower Semiconductor 421.3%, MACOM 99.98% and Marvell 166.34% over the past year. Lumentum trades at roughly 43x forward earnings, Coherent around 31x, MACOM near 43x and Marvell about 54x. Those are premium multiples that leave little room for disappointment.

A 0.64% net fee sits at the higher end for a thematic tech ETF. Broad semiconductor funds from iShares and VanEck typically charge well under half that. What the extra cost buys, according to KraneShares, is an active manager filtering for pure photonics exposure rather than diluted semiconductor beta. Whether that filter is worth the price is something only performance over several years can settle.

Who It Might Suit, and the Risks The fund is designed for investors who already want targeted exposure to the optical infrastructure buildout and prefer a diversified basket to picking a single winner. It is a satellite-style holding, not a core position, and the concentration cuts both ways. The recent selloff in the underlying names illustrates the point: Marvell fell 32.41% in the past month, Coherent 27.65%, MACOM 25.2% and Lumentum 19.32%. LUMA itself is already down 6.92% across its two-day history.

Other caveats are typical for new launches. There is no track record to evaluate. Assets under management start small, which usually means wider bid-ask spreads and the possibility of closure if the fund fails to gather assets. The prospectus specifically flags large shareholder risk, since early redemptions from one big holder can force disadvantageous selling, and valuation risk tied to thinly traded securities. Thematic funds are also vulnerable to hype cycles: buying near the top of a narrative rarely ends well.

The next few quarters will show whether LUMA can build assets, tighten its trading spreads, and demonstrate that active stock selection adds anything over simply owning a broad chip ETF during an unusually strong period for optical hardware.

Contact [email protected] for any questions or corrections.

LOWELL, Mass., April 23, 2026 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI) plans to announce financial results for its second quarter ended April 3, 2026, before market open on Thursday, May 7, 2026. In conjunction with the release, MACOM will conduct a conference call at 8:30 a.m. Eastern Time on Thursday, May 7, 2026 hosted by Mr. Stephen G. Daly, President and Chief Executive Officer, and Mr. John F. Kober, Senior Vice President and Chief Financial Officer.

Please visit MACOM’s Investor Relations Website to register for a user-specific access code for the live call or to access the live webcast. A replay of the call will be available within 24 hours and remain accessible by all interested parties for approximately 90 days.

About MACOM
MACOM designs and manufactures high performance semiconductor products for the Industrial and Defense, Data Center and Telecommunications industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the AS9100D aerospace standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and is headquartered in Lowell, Massachusetts. To learn more, please visit www.macom.com.

Company Contact:
MACOM Technology Solutions Holdings, Inc.
Stephen Ferranti, Senior Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: [email protected]

The information technology sector delivered some of the portfolio's strongest performance in the fourth quarter. A strong ramp-up of Coherent's optical transceivers sales drove strong growth in its networking segment. Macom Technology Solutions' strong third-quarter earnings addressed investor concerns related to margin volatility, leading to a rebound in the fourth quarter.

LOWELL, Mass., May 07, 2026 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Holdings, Inc. (“MACOM”) (Nasdaq: MTSI), a leading supplier of semiconductor products, today announced its financial results for its fiscal second quarter ended April 3, 2026.

Second Quarter Fiscal Year 2026 GAAP Results

Revenue was $289.0 million, an increase of 22.5%, compared to $235.9 million in the previous year fiscal second quarter and an increase of 6.4% compared to $271.6 million in the prior fiscal quarter;Gross margin was 56.9%, compared to 55.2% in the previous year fiscal second quarter and 55.9% in the prior fiscal quarter;Income from operations was $50.8 million, or 17.6% of revenue, compared to income from operations of $34.9 million, or 14.8% of revenue, in the previous year fiscal second quarter and income from operations of $43.3 million, or 15.9% of revenue, in the prior fiscal quarter; andNet income was $46.3 million, or $0.60 per diluted share, compared to net income of $31.7 million, or $0.42 per diluted share, in the previous year fiscal second quarter, and net income of $48.8 million, or $0.64 per diluted share, in the prior fiscal quarter. Second Quarter Fiscal Year 2026 Adjusted Non-GAAP Results

Adjusted gross margin was 58.5%, compared to 57.5% in the previous year fiscal second quarter and 57.6% in the prior fiscal quarter;Adjusted income from operations was $80.5 million, or 27.8% of revenue, compared to adjusted income from operations of $59.8 million, or 25.4% of revenue, in the previous year fiscal second quarter and adjusted income from operations of $74.0 million, or 27.2% of revenue, in the prior fiscal quarter; andAdjusted net income was $84.3 million, or $1.09 per diluted share, compared to adjusted net income of $64.3 million, or $0.85 per diluted share, in the previous year fiscal second quarter and adjusted net income of $78.2 million, or $1.02 per diluted share, in the prior fiscal quarter. Management Commentary

“We are pleased with our first half fiscal year results and look forward to strong revenue growth and profitability in the second half,” said Stephen G. Daly, President and Chief Executive Officer, MACOM.

Business Outlook

For the fiscal third quarter ending July 3, 2026, MACOM expects revenue to be in the range of $331 million to $339 million. Adjusted gross margin is expected to be between 59.0% and 60.0%, and adjusted earnings per diluted share is expected to be between $1.31 and $1.37 utilizing an anticipated non-GAAP income tax rate of 3% and 78.5 million fully diluted shares outstanding.

Conference Call

MACOM will host a conference call on Thursday, May 7, 2026, at 8:30 a.m. Eastern Time to discuss its fiscal second quarter 2026 financial results and business outlook. Investors and analysts may visit MACOM's Investor Relations website at https://ir.macom.com/events-webcasts to register for a user-specific access code for the live call or to access the live webcast. A replay of the call will be available within 24 hours and remain accessible by all interested parties for approximately 90 days.

About MACOM

MACOM designs and manufactures high-performance semiconductor products for the Industrial and Defense, Data Center and Telecommunications industries. MACOM services over 6,000 customers annually with a broad product portfolio that incorporates RF, Microwave, Analog and Mixed Signal and Optical semiconductor technologies. MACOM has achieved certification to the IATF16949 automotive standard, the AS9100D aerospace standard, the ISO9001 international quality standard and the ISO14001 environmental management standard. MACOM operates facilities across the United States, Europe, Asia and is headquartered in Lowell, Massachusetts.

Special Note Regarding Forward-Looking Statements

This press release and the associated earnings call contains forward-looking statements. These forward-looking statements include, among others, statements about MACOM’s strategic plans, priorities and long-term growth drivers, our ability to execute our long-term strategy, strengthen our position and drive market share gains and growth, our ability to develop new products and differentiated solutions, achieve market acceptance of those products and solutions and better address certain markets, expand our capabilities and extend our product offerings, including through our fabrication facility execution and continued improvements, our team’s capabilities and technologies and expansion and growth thereof and any potential financial benefits derived by and financial impact to MACOM therefrom, strength and competitiveness of new product introductions and technology portfolio expansion, including the anticipated rate of new product introductions and technology licensing and transfer activities, anticipated demand for our products, including backlog levels and book-to-bill trends, MACOM’s profitability, revenue targets, gross margin and operating margin improvements, end-market-specific revenue growth expectations, prospects and growth opportunities in our three primary markets, including the anticipated timing of production programs and associated revenues, the potential impact to our business of an economic downturn or recession, anticipated financial and business performance improvements, expectations regarding cash flow from operations and capital expenditures, our anticipated non-GAAP income tax rate and the expected impact of recent tax legislation thereon, MACOM’s strategic investment and other plans, including investments and agreements intended to further strengthen our supply chain and support our revenue growth objectives, negotiation and finalization of a definitive agreement with, and receipt of, funding from the Federal and State governments, the estimated financial results for our 2026 fiscal third quarter and the stated business outlook and future results of operations.

These forward-looking statements reflect MACOM’s current views about future events and are subject to risks, uncertainties, assumptions and changes in circumstances that may cause those events or our actual activities or results to differ materially from those indicated by the forward-looking statements, including statements regarding our business outlook, strategic plans and priorities, expectations, anticipated drivers of future revenue growth, our plans for use of our cash and cash equivalents and short-term investments, interest rate and foreign currency risks, our ability to meet working capital requirements, estimates and objectives for future operations, our future results of operations and our financial position; and those other factors described in “Risk Factors” in MACOM’s filings with the Securities and Exchange Commission (“SEC”), including its Annual Report on Form 10-K, its Quarterly Reports on Form 10-Q and other filings with the SEC. These forward-looking statements speak only as of the date of this press release, and MACOM undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Discussion Regarding the Use of Historical and Forward-Looking Non-GAAP Financial Measures

In addition to United States Generally Accepted Accounting Principles (“GAAP”) reporting, MACOM provides investors with financial measures that have not been calculated in accordance with GAAP, such as: non-GAAP gross profit and gross margin, non-GAAP operating expenses, non-GAAP income from operations and operating margin, non-GAAP EBITDA, non-GAAP net income, non-GAAP diluted earnings per share, non-GAAP diluted shares, non-GAAP income tax rate and non-GAAP interest income. In this release or elsewhere, we may alternatively refer to such non-GAAP measures as “adjusted” measures. This non-GAAP information excludes the effect, where applicable, of intangible amortization expense, share-based compensation expense, non-cash interest, net, acquisition and integration related costs, loss on debt extinguishment, and the tax effect of each non-GAAP adjustment.

Management believes these excluded items are not reflective of our underlying performance and uses these non-GAAP financial measures to: evaluate our ongoing operating performance and compare it against prior periods, make operating decisions, forecast future periods, evaluate potential acquisitions, compare our operating performance against peer companies and assess certain compensation programs. We believe this non-GAAP financial information provides additional insight into our ongoing performance and have therefore chosen to provide this information to investors to help them evaluate the results of our ongoing operations and enable more meaningful period-to-period comparisons. These non-GAAP measures are provided in addition to, and not as a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP.

A reconciliation between GAAP and non-GAAP financial data is included in the supplemental financial data attached to this press release. We have not provided a reconciliation with respect to any forward-looking non-GAAP financial data presented because we do not have and cannot reliably estimate certain key inputs required to calculate the most comparable GAAP financial data, such as future acquisition costs, the possibility and impact of any litigation costs, changes in our GAAP effective tax rate and impairment charges. We believe these unknown inputs are likely to have a significant impact on any estimate of the comparable GAAP financial data.

Investors are cautioned against placing undue reliance on non-GAAP financial measures and are urged to review and consider carefully the adjustments made by management to the most directly comparable GAAP financial measures. Non-GAAP financial measures may have limited value as analytical tools because they may exclude certain expenses that some investors consider important in evaluating our operating performance or ongoing business performance. Further, non-GAAP financial measures may have limited value for purposes of drawing comparisons between companies because different companies may calculate similarly titled non-GAAP financial measures in different ways because non-GAAP measures are not based on any comprehensive set of accounting rules or principles.

Additional information and management’s assessment regarding why certain items are excluded from our non-GAAP measures are summarized below:

Amortization Expense – is related to acquired intangible assets which are based upon valuation methodologies and are generally amortized over the expected life of the intangible asset at the time of acquisition, which may result in amortization amounts that vary over time. This non-cash expense is not considered by management in making operating decisions.

Share-Based Compensation Expense – includes share-based compensation expense for awards that are equity and liability classified on our balance sheet and the related employer tax expense at vesting. Share-based compensation expense is partially outside of our control due to factors such as stock price volatility and interest rates, which may be unrelated to our operating performance during the period in which the expense is incurred. It is an expense based upon valuation methodologies and assumptions that vary over time, and the amount of the expense can vary significantly between companies. Share-based compensation expense amounts are not considered by management in making operating decisions.

Non-cash Interest, Net – includes amounts associated with the amortization of certain fees associated with the establishment or amendment of our convertible notes that are being amortized over the life of the agreements. We believe these amounts are non-cash in nature, are not correlated to future business operations and do not reflect our ongoing operations.

Acquisition and Integration Related Costs – includes items such as professional fees, employee severance and other costs incurred in connection with acquisitions and integration specific activities which are not expected to have a continuing contribution to operations and the amortization of the fair market step-up value of acquired inventory and fixed assets. We believe the exclusion of these items is useful in providing management a basis to evaluate ongoing operating activities and strategic decision making.

Loss on Debt Extinguishment – includes loss on exchange of our convertible notes. This fiscal year 2025 loss is primarily non-cash and we do not believe this amount is reflective of our ongoing operations.

Tax Effect of Non-GAAP Adjustments – includes adjustments to arrive at an estimate of our non-GAAP income tax rate associated with our non-GAAP income over a period of time. We determine our non-GAAP income tax rate using applicable rates in taxing jurisdictions and assessing certain factors including our historical and forecast earnings by jurisdiction, discrete items, cash taxes paid in relation to our non-GAAP net income before income taxes and our ability to realize tax assets. We generally assess this non-GAAP income tax rate quarterly and have utilized 3% for our first two fiscal quarters of fiscal year 2026 and for our fiscal year 2025. Our historical effective income tax rate under GAAP has varied significantly from our non-GAAP income tax rate due primarily to income taxed in foreign jurisdictions at generally lower tax rates, research and development tax credits and acquisition expenses. We believe it is beneficial for management to review our non-GAAP income tax rate on a consistent basis over periods of time. Items such as those noted above may have a significant impact on our GAAP income tax expense and associated effective tax rate over time.

Adjusted EBITDA – is a calculation that adds depreciation expense to our adjusted income from operations. Management reviews and utilizes this measure for operational analysis purposes. We believe competitors and others in the financial industry also utilize this measure for analysis purposes.

Incremental Shares – is the number of potential shares of common stock issuable upon the exercise of stock options, restricted stock, restricted stock units and conversion of convertible debt which were not included in the calculation of our GAAP diluted shares. We believe competitors and others in the financial industry utilize this non-GAAP measure for analysis purposes.

Company Contact:
MACOM Technology Solutions Holdings, Inc.
Stephen Ferranti
Senior Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: [email protected]

    MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(unaudited and in thousands, except per share data)
     Three Months Ended Six Months Ended April 3, 2026
 January 3, 2026
 April 4, 2025
 April 3, 2026
 April 4, 2025
Revenue$288,955  $271,612  $235,887  $560,567  $454,009 Cost of revenue 124,522   119,833   105,731   244,355   206,744 Gross profit 164,433   151,779   130,156   316,212   247,265 Operating expenses:         Research and development 68,983   66,459   57,837   135,442   118,206 Selling, general and administrative 44,619   42,023   37,449   86,642   76,662 Total operating expenses 113,602   108,482   95,286   222,084   194,868 Income from operations 50,831   43,297   34,870   94,128   52,397 Other income (expense):         Interest income 7,759   7,990   7,239   15,749   14,239 Interest expense (1,667)  (1,698)  (1,179)  (3,365)  (2,545)Loss on extinguishment of debt —   —   —   —   (193,098)Total other income (expense) 6,092   6,292   6,060   12,384   (181,404)Income (loss) before income taxes 56,923   49,589   40,930   106,512   (129,007)Income tax expense 10,592   822   9,264   11,414   6,857 Net income (loss)$46,331  $48,767  $31,666  $95,098  $(135,864)          Net income (loss) per share:         Income (loss) per share - Basic$0.62  $0.65  $0.43  $1.27  $(1.85)Income (loss) per share - Diluted$0.60  $0.64  $0.42  $1.23  $(1.85)Weighted average common shares:         Shares - Basic 75,283   74,822   74,358   75,053   73,540 Shares - Diluted 77,555   76,718   75,741   77,137   73,540                      MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(unaudited andin thousands)
       April 3, 2026
 October 3, 2025
ASSETS     Current assets:     Cash and cash equivalents$98,521  $112,142 Short-term investments 566,337   673,833 Accounts receivable, net 159,599   148,646 Inventories 252,195   237,844 Prepaid and other current assets 49,398   32,623 Total current assets 1,126,050   1,205,088 Property and equipment, net 234,960   230,291 Goodwill and intangible assets, net 402,988   414,885 Deferred income taxes 201,956   207,999 Other long-term assets 48,623   45,097 Total assets$2,014,577  $2,103,360 LIABILITIES AND STOCKHOLDERS’ EQUITY     Current liabilities:     Short-term debt$—  $160,946 Accounts payable 62,131   67,588 Accrued liabilities 87,572   96,585 Total current liabilities 149,703   325,119 Finance lease obligations, less current portion 30,157   30,504 Financing obligation 36,713   37,014 Long-term debt obligations 340,186   339,630 Other long-term liabilities 40,061   43,998 Total liabilities 596,820   776,265 Stockholders’ equity 1,417,757   1,327,095 Total liabilities and stockholders’ equity$2,014,577  $2,103,360          MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited and in thousands)
   Six Months Ended April 3, 2026
 April 4, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:   Net income (loss)$95,098  $(135,864)Depreciation and intangible asset amortization 31,017   30,800 Share-based compensation 44,776   44,287 Deferred income taxes 6,649   (2,747)Loss on extinguishment of debt —   193,098 Other adjustments, net (1,954)  (2,351)Accounts receivable (10,954)  (24,724)Inventories (14,390)  (14,961)Accrued and other liabilities (9,058)  1,647 Change in other operating assets and liabilities (19,595)  16,161 Net cash provided by operating activities 121,589   105,346 CASH FLOWS FROM INVESTING ACTIVITIES:   Acquisition of business, net —   (12,684)Sales, purchases and maturities of investments 105,582   (132,976)Purchases of property and equipment (26,126)  (13,498)Purchases of software licenses and licensed technology (7,420)  (8,779)Other investing 1,480   804 Net cash provided by (used in) investing activities 73,516   (167,133)CASH FLOWS FROM FINANCING ACTIVITIES:   Proceeds from convertible notes —   86,629 Repayment of convertible notes (161,151)  — Payments for fee on convertible note exchange and debt issuance costs —   (23,126)Payments on finance leases and other financing activities (1,286)  (498)Proceeds from employee stock purchases 5,212   4,537 Common stock withheld for taxes on employee equity awards (51,475)  (41,260)Net cash (used in) provided by financing activities (208,700)  26,282 Foreign currency effect on cash (26)  (375)NET CHANGE IN CASH AND CASH EQUIVALENTS (13,621)  (35,880)CASH AND CASH EQUIVALENTS — Beginning of period 112,142   146,806 CASH AND CASH EQUIVALENTS — End of period$98,521  $110,926          MACOM TECHNOLOGY SOLUTIONS HOLDINGS, INC.
RECONCILIATIONS OF GAAP TO NON-GAAP RESULTS
(unaudited and in thousands, except per share data)
    Three Months Ended
Six Months Ended
 April 3, 2026
January 3, 2026
April 4, 2025
April 3, 2026
April 4, 2025
 Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Gross profit - GAAP$164,433 56.9 $151,779 55.9 $130,156 55.2 $316,212 56.4 $247,265 54.5 Amortization expense 1,623 0.6  1,621 0.6  3,343 1.4  3,244 0.6  6,675 1.5 Share-based compensation expense 2,716 0.9  2,794 1.0  1,765 0.7  5,510 1.0  5,263 1.2 Acquisition and integration related costs 269 0.1  278 0.1  356 0.2  547 0.1  1,750 0.4 Adjusted gross profit (Non-GAAP)$169,041 58.5 $156,472 57.6 $135,620 57.5 $325,513 58.1 $260,953 57.5   Three Months EndedSix Months Ended April 3, 2026January 3, 2026April 4, 2025April 3, 2026April 4, 2025 Amount% RevenueAmount% RevenueAmount% RevenueAmount% RevenueAmount% RevenueOperating expenses - GAAP$113,602 39.3 $108,482 39.9 $95,286 40.4 $222,084 39.6 $194,868 42.9 Amortization expense (1,713)(0.6) (1,849)(0.7) (1,617)(0.7) (3,562)(0.6) (4,794)(1.1)Share-based compensation expense (21,905)(7.6) (23,835)(8.8) (17,331)(7.3) (45,740)(8.2) (43,220)(9.5)Acquisition and integration related costs (1,395)(0.5) (299)(0.1) (522)(0.2) (1,694)(0.3) (1,127)(0.2)Adjusted operating expenses (Non-GAAP)$88,589 30.7 $82,499 30.4 $75,816 32.1 $171,088 30.5 $145,727 32.1   Three Months Ended
Six Months Ended
 April 3, 2026
January 3, 2026
April 4, 2025
April 3, 2026
April 4, 2025
 Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Amount
% Revenue
Income from operations - GAAP$50,831 17.6 $43,297 15.9 $34,870 14.8 $94,128 16.8 $52,397 11.5 Amortization expense 3,336 1.2  3,470 1.3  4,960 2.1  6,806 1.2  11,469 2.5 Share-based compensation expense 24,621 8.5  26,629 9.8  19,096 8.1  51,250 9.1  48,483 10.7 Acquisition and integration related costs 1,664 0.6  577 0.2  878 0.4  2,241 0.4  2,877 0.6 Adjusted income from operations (Non-GAAP)$80,452 27.8 $73,973 27.2 $59,804 25.4 $154,425 27.5 $115,226 25.4                      Depreciation expense 9,013 3.1  8,656 3.2  6,803 2.9  17,669 3.2  13,543 3.0 Adjusted EBITDA (Non-GAAP)$89,465 31.0 $82,629 30.4 $66,607 28.2 $172,094 30.7 $128,769 28.4   Three Months Ended
Six Months Ended April 3, 2026
January 3, 2026April 4, 2025
April 3, 2026
April 4, 2025 Amount
% Revenue
Amount% RevenueAmount
% Revenue
Amount
% Revenue
Amount% RevenueNet income (loss) - GAAP$46,331 16.0 $48,767 18.0 $31,666 13.4 $95,098 17.0 $(135,864)(29.9)Amortization expense 3,336 1.2  3,470 1.3  4,960 2.1  6,806 1.2  11,469 2.5 Share-based compensation expense 24,621 8.5  26,629 9.8  19,096 8.1  51,250 9.1  48,483 10.7 Non-cash interest, net 380 0.1  381 0.1  380 0.2  761 0.1  687 0.2 Acquisition and integration related costs 1,664 0.6  577 0.2  878 0.4  2,241 0.4  2,877 0.6 Loss on debt extinguishment — —  — —  — —  — —  193,098 42.5 Tax effect of non-GAAP adjustments 7,984 2.8  (1,597)(0.6) 7,276 3.1  6,387 1.1  3,029 0.7 Adjusted net income (Non-GAAP)$84,316 29.2 $78,227 28.8 $64,256 27.2 $162,543 29.0 $123,779 27.3   Three Months Ended
Six Months Ended April 3, 2026
January 3, 2026
April 4, 2025
April 3, 2026
April 4, 2025 Net income
Income per diluted share
Net income
Income per diluted share
Net income
Income per diluted share
Net income (loss)
Income (loss) per diluted share
Net incomeIncome per diluted shareNet income (loss) - GAAP diluted$46,331 $0.60 $48,767 $0.64 $31,666 $0.42 $95,098 $1.23 $(135,864)$(1.85)                   Adjusted net income (Non-GAAP)$84,316 $1.09 $78,227 $1.02 $64,256 $0.85 $162,543 $2.11 $123,779 $1.64   Three Months EndedSix Months Ended April 3, 2026January 3, 2026April 4, 2025April 3, 2026April 4, 2025 Shares
 Shares
 Shares
 Shares
 Shares
 Diluted shares - GAAP77,555  76,718  75,741  77,137  73,540  Incremental shares—  —  —  —  2,127  Adjusted diluted shares (Non-GAAP)77,555  76,718  75,741  77,137  75,667    Three Months EndedSix Months Ended April 3, 2026January 3, 2026April 4, 2025April 3, 2026April 4, 2025 Amount% RevenueAmount% RevenueAmount% RevenueAmount% RevenueAmount% RevenueInterest income - GAAP$7,759 2.7 $7,990 2.9 $7,239 3.1 $15,749 2.8 $14,239 3.1 Interest expense - GAAP (1,667)(0.6) (1,698)(0.6) (1,179)(0.5) (3,365)(0.6) (2,545)(0.6)Non-cash interest expense 380 0.1  381 0.1  380 0.2  761 0.1  687 0.2 Adjusted interest income (Non-GAAP)$6,472 2.2 $6,673 2.5 $6,440 2.7 $13,145 2.3 $12,381 2.7                           

Key Takeaways MTSI reported Q2 EPS of $1.07, up 28.2% Y/Y, while revenues rose 22.5% to $289M.MACOM Technology's operating margin expanded by 240 basis points to 27.8%. MTSI guided Q3 revenues of $331-$339M and EPS of $1.31-$1.37, pointing to continued growth momentum. MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) reported second-quarter fiscal 2026 earnings of $1.09 per share, which beat the Zacks Consensus Estimate of $1.07. The bottom line grew 28.2% year over year.

MACOM Technology’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 1.8%.

MTSI posted revenues of $289 million in the second quarter of fiscal 2026, surpassing the Zacks Consensus Estimate by 1.4%. The top line increased 22.5% year over year.

MTSI Operating DetailsFor the second quarter of fiscal 2026, MACOM’s adjusted gross margin was 58.5% compared with 57.5% in the prior-year quarter. Adjusted operating income came in at $80.5 million, up from $59.8 million reported in the year-ago period. As a percentage of revenues, the adjusted operating income came in at 27.8%, up 240 basis points from the year-ago quarter.

Non-GAAP operating expenses were $88.6 million, up 16.8% year over year. As a percentage of revenues, non-GAAP operating expenses came in at 30.7%, contracting 140 basis points from the prior-year period.

MTSI’s Balance Sheet and Cash FlowAs of April 3, 2026, cash equivalents and short-term investments totaled $664.9 million, down from $768.5 million in the prior quarter.

Long-term debt was $340.2 million compared with $339.9 million in the previous quarter.

For the second quarter of fiscal 2026, MTSI’s net cash flows from operating activities came in at $78.7 million. In the first half of fiscal 2026, MTSI’s operating cash flow totaled $121.6 million.

MTSI’s Guidance for Q3 FY26For the third quarter of fiscal 2026, MACOM Technology expects revenues between $331 million and $339 million. The Zacks Consensus Estimate for third-quarter fiscal 2026 revenues is pegged at $297.3 million, indicating year-over-year growth of 17.9%.

The company anticipates adjusted earnings per share between $1.31 and $1.37. The Zacks Consensus Estimate for earnings is pinned at $1.12 per share, indicating growth of 24.4% year over year.

Zacks Rank & Stocks to ConsiderCurrently, MTSI carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Computer and Technology sector are Arista Networks (ANET - Free Report) , Advanced Energy (AEIS - Free Report) and Amphenol (APH - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Shares of Arista Networks have gained 12.3% year to date. The Zacks Consensus Estimate for ANET’s 2026 earnings is pegged at $3.54 per share, up by a penny over the past 30 days, indicating an increase of 18.8% year over year.

Shares of Advanced Energy have surged 72.3% year to date. The Zacks Consensus Estimate for AEIS’ 2026 earnings is pegged at $8.37 per share, up by 5 cents over the past seven days, indicating a rise of 30.6% year over year.

Amphenol shares have jumped 2.5% year to date. The Zacks Consensus Estimate for APH’s 2026 earnings is pegged at $4.76 per share, up by 11% over the past seven days, indicating an increase of 42.5% year over year.

For the quarter ended March 2026, M/A-Com (MTSI - Free Report) reported revenue of $288.96 million, up 22.5% over the same period last year. EPS came in at $1.09, compared to $0.85 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $285.1 million, representing a surprise of +1.35%. The company delivered an EPS surprise of +2%, with the consensus EPS estimate being $1.07.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how M/A-Com performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue by Primary Markets- Telecom: $70.12 million versus the four-analyst average estimate of $69.84 million. The reported number represents a year-over-year change of +7.6%.Revenue by Primary Markets- Industrial & Defense: $120.65 million versus the four-analyst average estimate of $119.48 million. The reported number represents a year-over-year change of +22.4%.Revenue by Primary Markets- Data Center: $98.19 million versus $95.84 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +36% change.View all Key Company Metrics for M/A-Com here>>>

Shares of M/A-Com have returned +25.4% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Have you looked into how M/A-Com (MTSI - Free Report) performed internationally during the quarter ending March 2026? Considering the widespread global presence of this chipmaker, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.

In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, understanding a company's reliance on overseas markets has become increasingly crucial, as it offers insights into the company's sustainability of earnings, ability to tap into diverse economic cycles and overall growth potential.

Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.

Upon examining MTSI's recent quarterly performance, we noticed several interesting patterns in the revenue generated from its international segments, which are commonly analyzed and observed by Wall Street experts.

The company's total revenue for the quarter stood at $288.95 million, increasing 22.5% year over year. Now, let's delve into MTSI's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

A Closer Look at MTSI's Revenue Streams AbroadDuring the quarter, Other Countries contributed $42.32 million in revenue, making up 14.7% of the total revenue. When compared to the consensus estimate of $42.86 million, this meant a surprise of -1.26%. Looking back, Other Countries contributed $32 million, or 11.8%, in the previous quarter, and $37.66 million, or 16%, in the same quarter of the previous year.

Asia Pacific (excluding China) accounted for 11.6% of the company's total revenue during the quarter, translating to $33.45 million. Revenues from this region represented a surprise of -1.26%, with Wall Street analysts collectively expecting $33.88 million. When compared to the preceding quarter and the same quarter in the previous year, Asia Pacific (excluding China) contributed $30.55 million (11.3%) and $26.4 million (11.2%) to the total revenue, respectively.

China generated $99.18 million in revenues for the company in the last quarter, constituting 34.3% of the total. This represented a surprise of +19.93% compared to the $82.7 million projected by Wall Street analysts. Comparatively, in the previous quarter, China accounted for $85.22 million (31.4%), and in the year-ago quarter, it contributed $63.85 million (27.1%) to the total revenue.

International Revenue PredictionsFor the current fiscal quarter, it is anticipated by Wall Street analysts that M/A-Com will post revenues of $335.2 million, which reflects an increase of 33% the same quarter in the previous year. The revenue contributions are expected to be 12.8% from Other Countries ($42.8 million), 10.4% from Asia Pacific (excluding China) ($34.86 million) and 25.4% from China ($85.28 million).

For the full year, the company is expected to generate $1.24 billion in total revenue, up 27.9% from the previous year. Revenues from Other Countries, Asia Pacific (excluding China) and China are expected to constitute 12.9% ($159.56 million), 11% ($135.85 million) and 27.7% ($343.01 million) of the total, respectively.

In ConclusionRelying on international markets for revenues, M/A-Com faces both prospects and perils. Thus, tracking the company's international revenue trends is essential for accurately projecting its future trajectory.

In an era of growing international ties and escalating geopolitical disputes, financial analysts on Wall Street pay keen attention to these developments to fine-tune their earnings estimations for businesses operating across borders. It's important to note, however, that a range of additional variables, like a company's local market status, also play a crucial role in shaping these forecasts.

At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.

The Zacks Rank, our proprietary stock rating mechanism, demonstrates a notable performance history confirmed through external audits. It effectively utilizes the power of earnings estimate revisions to act as a predictor of a stock's price performance in the near term.

M/A-Com currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

A Review of M/A-Com's Recent Stock Market PerformanceOver the past month, the stock has gained 38.8% versus the Zacks S&P 500 composite's 8.8% increase. The Zacks Computer and Technology sector, of which M/A-Com is a part, has risen 18% over the same period. The company's shares have increased 49.9% over the past three months compared to the S&P 500's 7.1% increase. Over the same period, the sector has risen 16.6%

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at M/A-Com (MTSI - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. M/A-Com currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if MTSI is a promising momentum pick, let's examine some Momentum Style elements to see if this chipmaker holds up.

Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.

For MTSI, shares are up 26.64% over the past week while the Zacks Semiconductor - Analog and Mixed industry is up 5.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 46.72% compares favorably with the industry's 37.55% performance as well.

Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of M/A-Com have increased 58.13% over the past quarter, and have gained 213.03% in the last year. In comparison, the S&P 500 has only moved 10.02% and 28.69%, respectively.

Investors should also take note of MTSI's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now MTSI is averaging 1,329,855 shares for the last 20 days..

Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with MTSI.

Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost MTSI's consensus estimate, increasing from $4.40 to $4.58 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineTaking into account all of these elements, it should come as no surprise that MTSI is a #1 (Strong Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep M/A-Com on your short list.

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Key Takeaways U.S. stocks hit record highs as a tech rally and renewed AI trade enthusiasm powered May.Cimpress rose 122.7% in a year, dipped 3.7% in a week, and carries a Momentum Score of B.Lumentum surged 1082.8% in a year, slid 9.7% in a week, and holds a Momentum Score of B. As the U.S.-Iran ceasefire got a fresh lease of life with a 60-day memorandum of understanding, the broader U.S. equity markets scripted record highs driven by a tech rally. Leading benchmark indices hit all-time highs amid renewed enthusiasm in the artificial Intelligence (AI) trade. Despite the latent threat of inflation, tech stocks spurred an unprecedented market rally in May. Oil prices were quick to retreat as both the warring parties sought an amicable solution to the free passage in the Strait of Hormuz.

However, investors await the nonfarm payrolls report for further cues into the health of the labor market and the Federal Reserve policy to gauge an idea of the future stock market direction. Amid the vagaries of the market, investors often seek to employ time-tested winning strategies to fetch sustained profits. One of the most successful game plans to beat the blues is to bet on momentum stocks, like Cimpress plc (CMPR - Free Report) , MACOM Technology Solutions Holdings, Inc. (MTSI - Free Report) and Lumentum Holdings Inc. (LITE - Free Report) when value or growth investing fails to generate the desired profits.

This approach primarily tends to follow the adage, “the trend is your friend.” At its core, momentum investing is “buying high and selling higher.” It is based on the idea that once a stock establishes a trend, it is more likely to continue in that direction because of the momentum that is already behind it. Momentum investing is a way to profit from the general human tendency to extrapolate current trends into the future. It is based on that gap in time before the mean reversion occurs, i.e., before prices become rational again.

Momentum strategies have been known to be alpha-generative over a long period and across market stages. Therefore, this strategy is quite tricky to implement, as detecting these trends is not easy. Here, we have created a strategy to help investors get in on these fast movers and rake in handsome gains. Our screen will help you benefit from long-term price momentum and a short-term pullback in price.

Screening Parameters for Momentum Anomaly StocksPercentage Change in Price (52 Weeks) = Top #50: This selects the top 50 stocks with the best percentage price change over the last 52 weeks. This parameter ensures we get the best stocks that have appreciated steadily over the past year.

Percentage Change in Price (1 Week) = Bottom #10: From the above 50 stocks, we then choose those that are also among the 10 worst performers over a short one-week period. This parameter picks the ones that have witnessed a short-term pullback in price.

Zacks Rank #1: Stocks sporting a Zacks Rank #1 (Strong Buy) have a proven history of outperformance irrespective of the market conditions. You can see the complete list of today’s Zacks #1 Rank stocks here.

Momentum Style Score of B or Better: A top Momentum Style Score knocks out a lot of the screening process, as it takes into account several factors that include volume change and performance relative to its peers. It indicates when the timing is best to grab a stock and take advantage of its momentum with the highest probability of success. Stocks with a Momentum Score of A or B, when combined with a Zacks Rank #1 or 2 (Buy), handily outperform other stocks.

Current Price Greater Than $5: The stocks must all be trading at a minimum of $5.

Market Capitalization = Top #3000: We have chosen stocks that are among the top 3000 in terms of market value to ensure the stability of price.

Average 20-Day Volume Greater Than 100,000: A substantial trading volume ensures that these stocks are easily tradable.

Here are three of the eight stocks that made it through this screen:

Based in Dundalk, Ireland, Cimpress is an online supplier of high-quality graphic design services and customized printed products to small businesses and consumers. Its product offerings include business cards, brochures and websites, and e-commerce platforms, calendars, address labels, note pads and signage, among others.

The stock has soared 122.7% over the past year but lost 3.7% over the past week. Cimpress has a Momentum Score of B.

Based in Lowell, MA, MACOM is a provider of power analog semiconductor solutions to varied markets. The company develops and produces analog radio frequency, microwave and millimeter wave semiconductor devices, and components for applications in optical, wireless and satellite networks.

The stock has surged 199.8% over the past year but lost 5.5% over the past week. MACOM has a Momentum Score of A.

Headquartered in San Jose, CA, Lumentum is a provider of optical and photonic products serving cloud, AI/machine learning, telecommunications, consumer and industrial end markets. The company’s portfolio spans semiconductor laser chips and sub-assemblies, wavelength management systems, optical modules, optical circuit switches and industrial lasers used in precision materials processing.

The stock has surged 1082.8% in the past year but declined 9.7% in the past week. Lumentum has a Momentum Score of B.

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Published in artificial-intelligence business-services iot semiconductor tech-stocks

LOWELL, Mass., June 05, 2026 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Inc. (“MACOM”), a leading supplier of semiconductor products, today announced new additions to its RF and optical portfolio, designed to meet the evolving needs of the satellite communications (SATCOM) industry. These solutions will be demonstrated in MACOM’s Booth #17035 at the upcoming International Microwave Symposium (IMS 2026) on June 9 to 11, 2026, in Boston, MA.

High Power L- and S-Band Direct-to-Device (D2D) Transmit/Receive Solution
MACOM will demonstrate a transmit and receive solution tailored for direct-to-device (D2D) SATCOM payloads. The transmit lineup includes a driver amplifier and a power amplifier, designed to deliver up to 1 W average output power, 45 dB gain and over 40% efficiency. On the receive side, low noise amplification and integrated bypass capability help maximize sensitivity while maintaining power efficiency. These solutions leverage MACOM’s GaAs and GaN technologies to enable wide bandwidth operation and optimized signal chain performance.

K-/Ka-Band Uplink/Downlink Chain
This demonstration features a novel thermal compensation attenuator with K- and Ka-Band amplifiers supporting a K- and Ka-Band signal chain. Designed to minimize gain variation over temperature, this solution can improve performance consistency in dynamic environments while simplifying overall system design.

W-Band Product Demonstration
This demonstration showcases a 24 dBm power amplifier operating from 80 to 100 GHz and a low noise amplifier operating across 75 to 100 GHz delivering 2.8 dB noise figure with 23 dB gain.

Linearized Q-Band Power Amplifier
MACOM will demonstrate a linearized Q-Band GaN MMIC power amplifier that can significantly improve linear output power and efficiency using advanced analog linearization techniques. This approach supports higher data rates while helping reduce overall power dissipation, addressing the demands of next generation SATCOM.

Free Space Optical (FSO) and RFoF
MACOM will also showcase a range of components supporting both FSO and fiber-based links. Highlights include optical SATCOM transport architectures for ground-to-ground, ground-to-satellite and satellite-to-satellite communications, presented through hardware, components and system diagrams.

About MACOM

MACOM designs and manufactures semiconductor products for telecommunications, industrial and defense and data center applications. Headquartered in Lowell, Massachusetts, MACOM has design centers and sales offices throughout North America, Europe and Asia. MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. To learn more, visit https://www.macom.com/.

Company Contact:
MACOM Technology Solutions Inc.
Stephen Ferranti
Sr. Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: [email protected]

LOWELL, Mass., June 09, 2026 (GLOBE NEWSWIRE) -- MACOM Technology Solutions Inc. (“MACOM”), a leading supplier of semiconductor products, and Elve, Inc., an innovative traveling wave tube amplifier (TWTA) designer and manufacturer, will jointly demonstrate how their technologies can be combined to enhance performance and efficiency in microwave transmitter systems in MACOM’s Booth #17035 at the International Microwave Symposium (IMS 2026) on June 9 to 11, 2026, in Boston, MA.

The joint demonstration will combine MACOM’s analog predistortion (APD) linearization technology with Elve’s TWTA platform, highlighting a complementary approach to improving linear power performance and efficiency in high-frequency systems operating at V-Band. The demonstration is designed to showcase how these technologies can work together to address evolving system requirements across a range of applications, including ground and space-based platforms.

“By pairing MACOM’s linearization capabilities with Elve’s high-power amplification, we’re demonstrating a practical approach to improving system efficiency and linear performance in mmWave applications,” said Stephen G. Daly, President and Chief Executive Officer, MACOM.

“Elve is excited to collaborate with MACOM on this IMS demonstration. Bringing together our respective technologies allows us to enhance TWTA performance,” said Dr. Diana Gamzina, Founder and Chief Executive Officer, Elve.

The collaboration is centered on exploring how advanced linearization and high power amplification techniques can be effectively integrated, offering a closer look at system-level benefits such as improved usable output power and more efficient operation.

About Elve

Elve is a Davis, California-based deep tech innovator specializing in the manufacturing of millimeter-wave (mmWave) power amplifiers at scale. Founded in 2020, the company’s team of over 50 experts focuses on unlocking access to mmWave power in critical systems that connect, energize, defend, and inform global infrastructure.

About MACOM

MACOM designs and manufactures semiconductor products for telecommunications, industrial and defense and data center applications. Headquartered in Lowell, Massachusetts, MACOM has design centers and sales offices throughout North America, Europe and Asia. MACOM is certified to the ISO9001 international quality standard and ISO14001 environmental management standard. To learn more, visit https://www.macom.com/.

Company Contact:
MACOM Technology Solutions Inc.
Stephen Ferranti
Sr. Vice President, Corporate Development and Investor Relations
P: 978-656-2977
E: [email protected]