MACOM Technology Solutions Holdings Earnings Call Transcripts
Fiscal Year 2026
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Q2 delivered record revenue and profitability, led by data center and defense growth, with strong bookings and a robust outlook. FY26 guidance was raised, with data center revenue now expected to grow over 60% and continued margin expansion anticipated.
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Q1 2026 saw record revenue and EPS, with strong growth across all end markets and a robust backlog. Data center revenue outlook was raised to 35%-40% growth, and sequential gross margin improvements are expected. Capital allocation remains focused on debt retirement and ROIC improvement.
Fiscal Year 2025
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Q4 and FY25 saw record revenue and strong EPS growth, driven by data center and defense. FY26 guidance calls for continued double-digit growth, margin expansion, and robust demand in data center, telecom, and defense, supported by new product launches and capacity investments.
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Record Q3 revenue and EPS driven by strong growth in all end markets, robust cash generation, and new product adoption. Full control of the RTP fab accelerates capacity expansion, with near-term margin headwinds expected to reverse in 2026. Double-digit growth and record earnings are forecast.
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Q2 FY2025 delivered record revenue and strong EPS, with all end markets growing sequentially and Data Center and I&D setting records. Guidance for Q3 projects continued growth, especially in I&D, and ongoing investment in R&D and capacity.
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Q1 FY25 delivered record revenue of $218.1M, strong cash flow, and robust growth in Data Center and Defense. Guidance for Q2 projects continued sequential growth, with Data Center leading. Gross margin remains pressured by fab underutilization, but backlog and bookings are at record highs.
Fiscal Year 2024
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Record Q4 and FY24 results with strong growth in data center and defense, robust cash flow, and a record backlog. FY25 guidance projects continued sequential growth, led by data center, and targets a $1B run rate by FY26.
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Q3 FY24 revenue rose 5.1% sequentially to $190.5M, with strong growth in data center and telecom, and robust cash flow. Q4 guidance projects continued sequential growth across all end markets, led by data center, and full-year outlook expects data center up ~35% and I&D up ~10%.