Macom

News Summary:

On August 21, 2026, news emerged that BMO Capital initiated coverage on MACOM Technology Solutions (MTSI) on October 10, 2023, assigning a "Market Perform" rating and a price target of $335.00. Previously, on August 17, Northland Securities issued its Q1 2027 earnings estimates for MACOM Technology Solutions in an August 7 research note. This followed MACOM’s Q2 earnings, reported on August 15, which showed revenue growth of 35.8% year-on-year and a 1.9% beat in adjusted EPS. Management attributed this performance to increased demand for high-speed connectivity in Data Center applications, robust momentum in Industrial and Defense, and continued traction in Telecom, projecting Q3 CY2026 revenue at $420 million and adjusted EPS at $2 at the midpoint. Earlier on August 13, a Q3 2026 earnings call transcript detailed the company's strong financial performance, with revenue climbing 18.4% sequentially and 35.8% year-over-year. The Data Center business notably led this growth with a 74% year-over-year increase, and CEO Stephen Daly anticipated continued growth of 25% to 30% in this segment. The company aimed for a 37% gross margin for the fourth fiscal quarter, with CFO Jack Kober expecting a similar adjusted operating margin. MACOM held $663 million in cash and planned investments in R&D to expand its product portfolio across Data Center, Industrial and Defense, and Telecom markets. Separately, analysis emerged on August 11, scrutinizing MACOM’s international revenue trends for the quarter ending June 2026 to assess its financial strength and future growth.