MACOM Technology Solutions Holdings, Inc. (MTSI) - Stock Analysis
Last updated: Jun 28, 2026
Research Idea
Research content for general circulation. Not individualized advice.Ā Methodology & Disclosures
Q2 beat with EPS of $1.09 versus $1.07 consensus and revenue up 22.5% YoY to $289M. Q3 revenue guidance of $331M-$339M, record 1.5:1 book-to-bill, record backlog, improving margins, strong free cash flow, and about 38.6% 21-day momentum support near-term continuation.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ā¢ Margin Recovery ā¢ Strong Liquidity ā¢ Rich Valuation MTSI's latest quarter shows a sharp turnaround with strong margins, solid free cash flow, and ample liquidity, but the stock remains expensive and still depends on sustained operating improvement to justify its valuation.
Price Behavior
Key Price Behavior Insights: ā¢ Rebound strength ā¢ Momentum fade ā¢ Range resistance Support Level: $353-$361 Resistance Level: $390-$396 MTSI was constructive over the last month, rebounding from early-June lows into the high $390s, but momentum has since faded and the stock now faces a key $390-$396 resistance test with support at $353-$361.
Sentiment & News
Key News Insights: ā¢ Momentum Rally ā¢ Product Expansion ā¢ IMS Spotlight M/A-Com drew June investor attention on momentum and AI-linked optimism while reinforcing its growth story with new satellite, defense, and photonics product announcements.
AI Summary
MTSI is now best viewed as an AI/data-center photonics growth story with strong backlog, margins and cash flow supporting further upside, but with the stock already priced for perfection, the key risk is whether 60%+ data-center growth and new ramps can persist long enough to avoid multiple compression.
Description
MACOM Technology Solutions designs and manufactures analog semiconductor components for wireless, wireline and optical applications across RF, microwave, millimeter-wave and lightwave frequencies. Its product range includes standard and custom active and passive RF/optical devices, multi-chip modules and subsystems that are incorporated into wireless base stations, high-capacity optical networks, radar, medical equipment and test systems. The company supplies telecommunications, industrial and defense, medical and data center markets through a mix of direct sales, applications engineering, independent representatives and distribution; it was founded in 1950 and is headquartered in Lowell, Massachusetts.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| May 15 | May 22 | MTSI | MACOM Technology Solutions Holdings, Inc. | Q2 beat with EPS of $1.09 versus $1.07 consensus and revenue up 22.5% YoY to $289M. Q3 revenue guidance of $331M-$339M, record 1.5:1 book-to-bill, record backlog, improving margins, strong free cash flow, and about 38.6% 21-day momentum support near-term continuation. | Closed | +2.8% |