MTSI on Nasdaq

M/A-COM Technology Solutions

Logo: ™/®MACOM Technologies Solutions Holdings, Inc., Public domain, via Wikimedia Commons4

American semiconductor manufacturer

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$967.3MRevenue, fiscal 20255
-$54.2MNet income, fiscal 20255
1950Founded1

Compare with ICHOR HOLDINGS, LTD., IPG Photonics or Semtech Corporation, or pick any stock.

  • TickerMTSI on Nasdaq1
  • IndustrySemiconductor industry in the US1
  • HeadquartersLowell1
  • Websitewww.macom.com
  • Incorporated inDE6
  • Business address100 Chelmsford Street, Lowell, Ma 018516
  • Filer categoryLarge accelerated filer6
TO272S-4
Photo: Bailey Karfelt (MACOM), CC BY-SA 3.0, via Wikimedia Commons8

MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

54.7%Gross margin5
13.4%Operating margin5
-5.6%Net margin5
32.6%Revenue growth, 20255
-4.1%Return on equity5
0.26×Debt to equity5
$192.8MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Regions

United States brought in 44% of the revenue M/A-COM Technology Solutions broke down this way in fiscal 2025.

  1. United States$422.9M544%up 29% from 2024
  2. China$274.6M528%up 55% from 2024
  3. Other Countries$158.3M516%up 17% from 2024
  4. Asia Pacific$111.5M512%up 25% from 2024
Regions by year
Regions202320242025
United States$313.4M$327.7M$422.9M
China$129.9M$177.7M$274.6M
Other Countries$114.5M$134.9M$158.3M
Asia Pacific$90.7M$89.3M$111.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue45¢$438.3M
  • Research and development25¢$244.5M
  • Selling, general and admin16¢$154.9M
  • Other costs11¢$104.5M
  • Income tax3¢$25.2M

Out of $967.3M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending18¢$42.6M
  • Share buybacks18¢$43.1M
  • Kept or used elsewhere64¢$149.7M

Out of $235.4M of cash from operations.5

Financial statements

Revenue9101112135$967.3M in 2025+70% since 2018
0$250.0M$500.0M$750.0M$1.0B2018: $570.4M$570.4M20182019: $499.7M$499.7M2019−12%2020: $530.0M$530.0M2020+6%2021: $606.9M$606.9M2021+15%2022: $675.2M$675.2M2022+11%2023: $648.4M$648.4M2023−4%2024: $729.6M$729.6M2024+13%2025: $967.3M$967.3M2025+33%
Gross profit9101112135$529.0M in 2025+115% since 2018
0$200.0M$400.0M$600.0M2018: $245.7M$245.7M20182019: $220.7M$220.7M2019−10%2020: $270.2M$270.2M2020+22%2021: $341.9M$341.9M2021+27%2022: $406.2M$406.2M2022+19%2023: $385.8M$385.8M2023−5%2024: $393.8M$393.8M2024+2%2025: $529.0M$529.0M2025+34%
Operating income9101112135$129.7M in 2025
-$400.0M-$200.0M0$200.0M2018: -$106.5M-$106.5M20182019: -$380.4M-$380.4M2019+257%2020: $3.4M$3.4M20202021: $81.0M$81.0M2021+2291%2022: $132.7M$132.7M2022+64%2023: $107.4M$107.4M2023−19%2024: $73.7M$73.7M2024−31%2025: $129.7M$129.7M2025+76%
Net income9101112135-$54.2M in 2025−61% since 2018
-$500.0M-$250.0M0$250.0M$500.0M2018: -$140.0M-$140.0M20182019: -$383.8M-$383.8M2019+174%2020: -$46.1M-$46.1M2020−88%2021: $38.0M$38.0M20212022: $440.0M$440.0M2022+1059%2023: $91.6M$91.6M2023−79%2024: $76.9M$76.9M2024−16%2025: -$54.2M-$54.2M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-09-302024-09-302023-09-30
Revenue$967.3M$729.6M$648.4M
Cost of revenue$438.3M$335.8M$262.6M
Gross profit$529.0M$393.8M$385.8M
Research and development$244.5M$182.2M$148.5M
Selling, general and administrative$154.9M$137.9M$129.9M
Total operating expenses$399.4M$320.1M$278.4M
Income from operations$129.7M$73.7M$107.4M
Interest income$29.9M$23.0M$20.8M
Interest expense-$5.5M-$5.1M-$12.4M
Gain (Loss) on Extinguishment of Debt-$193.1M$0$0
Gain on acquired assets and other income (expense), net$10.1M$10.0K-$665.0K
Total other (expense) income, net-$158.7M$17.9M$7.8M
(Loss) income before income taxes-$29.0M$91.5M$115.2M
Income tax expense$25.2M$14.7M$23.6M
Net (loss) income-$54.2M$76.9M$91.6M
Income (loss) per share-basic (in USD per share)-$0.73$1.07$1.29
Income (loss) per share-diluted (in USD per share)-$0.73$1.04$1.28
Basic (in shares)74.0M shares72.0M shares70.8M shares
Diluted (in shares)74.0M shares73.6M shares71.5M shares

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The story

1950-1999

The company was founded in the 1950s as Microwave Associates by the engineers Vessarios Chigas, Louis Roberts, Hugh Wainwright and Richard M. Walker. The company was initially a small supplier of magnetrons to the U.S. Army Signal Corps.

In 1969, the company appointed as its president Lawrence Gould, who had joined the company in 1953 while finishing his PhD at MIT. Gould, appointed CEO in 1975, launched an acquisitions spree that included Digital Communications Corporation in 1978, Linkabit in 1980, and Ohio Scientific in 1981. In 1978, Gould changed the company’s name to M/A-COM to reflect its broader market focus.

During this timeframe, the company produced low power wideband RF amplifier modules for use in test & measurement.

Gould was fired as CEO in July 1982, and was replaced by Richard DiBona. After suffering a stroke in 1986, DiBona was replaced by Thomas Burke in 1987, who was killed in a September 1989 automobile accident. Thomas Vanderslice, former CEO of Apollo Computer, was named the final CEO of the independent M/A-COM in December 1989.

The company divested of DCC and Linkabit operations between 1986 and 1990. However, it faced severe financial pressures with the drop in defense spending in the 1990s. Vanderslice sold the company to AMP Inc., in an all-stock transaction completed in June 1995 that was valued at $316 million.

In 1999, AMP itself was acquired by Tyco Electronics.

2000–2010

In 2001, Tyco acquired Com-Net Ericsson and placed the company under the administration of MACOM, as part of the deal, the company acquired the EDACS radio systems team and products and merged them with its own OpenSky resources. The deal also allowed MACOM to become the second largest two-way radio communications manufacturer in the United States. The combined company subsequently developed a P25 radio offering, and has grown its critical communications systems business to be a large player in the modern wireless two-way communications market. In June 2003, XMA Corporation, located in Manchester, New Hampshire, purchased from MACOM the Omni Spectra line of coaxial attenuators and terminations.

On May 13, 2008, Tyco Electronics announced that it would sell its RF Components and Subsystem Business to Cobham plc for $425 million. Tyco Electronics retained the wireless communications part of MACOM, but renamed it Tyco Electronics Wireless Systems. On September 29, 2008, Tyco Electronics and Cobham announced the completion of the sale of Tyco Electronics’ M/A-COM Radio Frequency Components and Subsystems business to Cobham plc. Tyco Electronics kept its Wireless Systems business unit, and changed its name from M/A-COM to Tyco Electronics Wireless Systems.

Read the full text

On March 30, 2009, the company acquired all of the outstanding stock of M/A-COM Technology Solutions Inc., the primary operating subsidiary of MACOM and the related foreign operating subsidiary, M/ACOM Technology Solutions Limited from Cobham. Cobham plc announced that it had sold M/A-COM's commercial business segment, M/A-COM Technology Solutions, to John Ocampo, the owner of GaAs Labs, on March 31, 2009. In May 2010, MACOM acquired Mimix Broadband, a fabless supplier of GaAs semiconductors.

2011–present

In May 2011, MACOM acquired Optomai Inc., a semiconductor company that developed integrated circuits and modules for 40 and 100-Gbit/s fiber optic networks. The company announced it had reached a deal to purchase Mindspeed Technologies, a network infrastructure semiconductor business in November 2013. In February 2014, the company announced that it had sold Mindspeed's wireless business to Intel Corporation. On February 13, 2014, the company purchased Nitronex LLC, a privately held designer of gallium nitride semiconductors for $26 million. That same year, MACOM also purchased the RF and microwave company IKE Micro and SiPh services company, Photonic Controls. In November 2014, MACOM reached an agreement to buy BinOptics Corporation, a provider of InP lasers that started at Cornell University, for $230 million. In November 2015, the company announced that it planned to acquire the Japanese optical subassembly supplier, FiBest Limited, before the end of the first quarter in 2016. In December 2015, MACOM acquired Aeroflex's diode business, Aeroflex Metelics from Cobham for $38 million in cash. In January 2017, MACOM acquired Applied Micro Circuits Corporation. In February 2023, MACOM announced it had acquired the assets and operations of the Limeil-Brévannes semiconductor manufacturer, OMMIC SAS for €38.5 million. In August 2023, it was announced MACOM had entered into a definitive agreement to acquire the RF business of Wolfspeed.

From Wikipedia’s article on MACOM Technology Solutions, shared under CC BY-SA 4.0.7

Leadership

Who has led M/A-COM Technology Solutions, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (25)

Products and brands

Technology

MACOM develops and supplies semiconductor technologies for optical, wireless and satellite networks. The company has a portfolio of analog RF, microwave, millimeterwave and photonic semiconductor products. MACOM has 16 Design and Operational centers worldwide including 11 in the United States, two in Ireland and one in Australia, Japan and Taiwan. MACOM produces an array of chip technologies, including gallium arsenide (GaAs), gallium nitride (GaN), silicon photonics (SiPh), aluminum gallium arsenide (AlGaAs), indium phosphide (InP), silicon (Si), heterolithic microwave integrated circuit (HMIC), and silicon germanium (SiGe). The company's acquisition of BinOptics in 2014 allows it to use self-aligning etched facet technology to ensure an efficient manufacturing and testing process. Much of MACOM's current sub-microwave RF product line are generic substitutes for the Motorola SPS MRF series of beryllium oxide devices produced in the mid-1990s, rebranded with revised device datasheets.

Markets

MACOM creates semiconductors for a variety of industries: while the company does provide some semiconductors for consumer electronics, its products are primarily used in commercial and industrial applications. In the aerospace and defense industries, MACOM supplies contractors (like Northrop Grumman) with components that are designed to be integrated into surveillance devices (such as radar). MACOM components are also used by the National Oceanic and Atmospheric Administration (NOAA) and the Federal Aviation Administration.

The company's networking and communications products are used in satellite applications, and they are consumed by clients like Cisco for wired and wireless networking applications. MACOM also creates high-speed optical networking components in high-margin specialized spaces such as data centers, long-haul communications, and metro core networks.

MACOM received a Technology & Engineering Emmy Award for its development of technology that enables high density video switching and routing solutions in 2015. The technology is important in broadcast video infrastructure.

Read the full text

The company also provides power transistors to clients in a variety of industries. For instance, their MOSFET product line has been used in medical instruments (such as MRI systems and CAT scanners) and automotive ignition systems.

From Wikipedia’s article on MACOM Technology Solutions, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

  • MACOM (Japan)
  • MACOM (United Kingdom)

From Wikidata.1

Former names

  • M/A-COM Technology Solutions Holdings, Inc.Jun 8, 2010 to May 27, 20166

Timeline

  1. Jun 4, 2019New chief executive Stephen G. Daly becomes CEO18
  2. Feb 21, 2013New chief executive John Croteau becomes CEO19
  3. Mar 15, 2012Went public Listed on NASDAQ1
  4. Mar 14, 2012New chief executive Charles R. Bland becomes CEO20
  5. 1950Founded Founded1

Filings

658 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 40 major events, 394 insider forms, 41 large holders, 163 other. The latest 20:

  1. Oct 5, 20264 PRIMARY DOCUMENT EDGAR
  2. Oct 1, 2026144 EDGAR
  3. Sep 1, 20264 PRIMARY DOCUMENT EDGAR
  4. Aug 28, 2026144 EDGAR
  5. Aug 19, 20264 PRIMARY DOCUMENT EDGAR
  6. Aug 14, 2026SCHEDULE 13G/A EDGAR
  7. Aug 12, 2026SCHEDULE 13G/A EDGAR
  8. Aug 6, 202610-Q EDGAR
  9. Aug 6, 20268-K EDGAR
  10. Jul 8, 2026SCHEDULE 13G/A EDGAR
  11. Jun 29, 20264 PRIMARY DOCUMENT EDGAR
  12. Jun 2, 20264 PRIMARY DOCUMENT EDGAR
  13. May 29, 2026144 EDGAR
  14. May 29, 2026SD EDGAR
  15. May 26, 2026144 EDGAR
  16. May 21, 20264 PRIMARY DOCUMENT EDGAR
  17. May 20, 20264 PRIMARY DOCUMENT EDGAR
  18. May 20, 20264 PRIMARY DOCUMENT EDGAR
  19. May 20, 20264 PRIMARY DOCUMENT EDGAR
  20. May 20, 20264 PRIMARY DOCUMENT EDGAR

The 658 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 41 such filings since October 2021, the latest 10:

  1. Aug 14, 2026SCHEDULE 13G/A
  2. Aug 12, 2026SCHEDULE 13G/A
  3. Jul 8, 2026SCHEDULE 13G/A
  4. May 15, 2026SCHEDULE 13G/A
  5. May 6, 2026SCHEDULE 13G/A
  6. May 5, 2026SCHEDULE 13G/A
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 6, 2026SCHEDULE 13G/A
  9. Feb 5, 2026SCHEDULE 13G/A
  10. Feb 2, 2026SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Fmr LLC10,527,144$4.0B0.2%−83,296
BlackRock, Inc.9,512,899$3.6B0.1%+946,616
Vanguard Portfolio Management LLC3,605,324$1.4B0.1%+18,243
Vanguard Capital Management LLC3,064,683$1.2B0.0%+71,832
State Street Corp2,262,242$860.5M0.0%+109,491
Invesco Ltd.2,149,581$817.6M0.1%−1,524,234
Jpmorgan Chase & Co2,125,091$793.0M0.0%+109,461
Geode Capital Management, LLC1,409,741$536.3M0.0%+50,207
Wellington Management Group Llp1,205,711$458.6M0.1%−342,324
Massachusetts Financial Services Co /ma/1,166,242$443.6M0.1%+337,794
Capital Research Global Investors1,086,149$413.1M0.1%−136,523
Norges Bank996,731$379.1M0.0%New
Whale Rock Capital Management LLC988,785$376.1M3.0%−186,206
Neuberger Berman Group LLC826,969$314.4M0.2%+38,150
Goldman Sachs Group Inc812,421$309.0M0.0%+381,621
Franklin Resources Inc798,891$303.9M0.1%+296,922
Qube Research & Technologies Ltd790,678$300.8M0.3%New
Polar Capital Holdings Plc750,517$285.5M0.8%−180,261
Jupiter Topco LLC674,790$256.6M0.1%New
Charles Schwab Investment Management Inc666,659$253.6M0.0%+5,799
Bank Of America Corp /de/651,293$247.7M0.0%+170,606
Rafferty Asset Management, LLC632,776$240.7M0.5%+165,189
Artisan Partners Limited Partnership627,850$238.8M0.4%−419,309
Raymond James Financial Inc627,804$238.8M0.1%+37,466
Northern Trust Corp558,716$212.5M0.0%+26,034

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

16 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 29, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseSale$15,001 - $50,000+5.5%Report
Sep 21, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+2.5%Report
Jul 16, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+4.3%Report
May 22, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+33.2%Report
Mar 27, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000+1.3%Report
Mar 3, 2026Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−0.8%Report
Jan 20, 2026Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−8.5%Report
Nov 13, 2025Gilbert Ray Cisneros, Jr.Democratic, HousePartial sale$1,001 - $15,000−52.4%Report
Apr 9, 2025Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−113.9%Report
Feb 10, 2025Robert P. Bresnahan, Jr.Republican, HouseBuy$1,001 - $15,000+93.5%Report
Jun 21, 2024Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−114.8%Report
Jan 23, 2023Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−218.6%Report
Jan 11, 2023Josh GottheimerDemocratic, HousePartial sale$1,001 - $15,000−228.9%Report
Sep 2, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+484.6%Report
Jan 29, 2020Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000+647.1%Report
Dec 30, 2019Gilbert Ray Cisneros, Jr.Democratic, HouseSale$1,001 - $15,000−774.5%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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