MACOM Technology Solutions (MTSI) financial statements
MACOM Technology Solutions reported revenue of $967M in fiscal 2025, up 6.6% a year over 9 years.
Net income was -$54M and the operating margin 13.4%, against 2.4% in 2016.
Free cash flow was $182M, and the company returned $43M in net buybacks.
The diluted share count rose 39% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from MACOM Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $544M | $699M | $570M | $500M | $530M | $607M | $675M | $648M | $730M | $967M |
| Cost of revenue | $263M | $372M | $325M | $279M | $260M | $265M | $269M | $263M | $336M | $438M |
| Gross profit | $282M | $327M | $246M | $221M | $270M | $342M | $406M | $386M | $394M | $529M |
| Research and development | $108M | $148M | $178M | $163M | $141M | $139M | $148M | $149M | $182M | $244M |
| Selling, general and admin | $145M | $188M | $162M | $153M | $124M | $122M | $125M | $130M | $138M | $155M |
| Operating income | $13M | -$16M | -$107M | -$380M | $3M | $81M | $133M | $107M | $74M | $130M |
| Interest expense | $18M | $29M | $31M | $36M | $27M | $22M | $9M | $12M | $5M | $6M |
| Pre-tax income | -$22M | -$50M | -$155M | -$423M | -$42M | $43M | $243M | $115M | $92M | -$29M |
| Income tax | -$18M | $101M | -$21M | -$39M | $5M | $5M | -$197M | $24M | $15M | $25M |
| Net income | $1M | -$169M | -$140M | -$384M | -$46M | $38M | $440M | $92M | $77M | -$54M |
| EPS (diluted) | $0.03 | -$2.79 | -$2.57 | -$5.84 | -$0.69 | $0.54 | $6.18 | $1.28 | $1.04 | -$0.73 |
| Diluted shares | 53M | 61M | 65M | 66M | 67M | 70M | 71M | 72M | 74M | 74M |
| Gross margin | 51.7% | 46.8% | 43.1% | 44.2% | 51.0% | 56.3% | 60.2% | 59.5% | 54.0% | 54.7% |
| Operating margin | 2.4% | -2.3% | -18.7% | -76.1% | 0.6% | 13.3% | 19.7% | 16.6% | 10.1% | 13.4% |
| Net margin | 0.3% | -24.3% | -24.5% | -76.8% | -8.7% | 6.3% | 65.2% | 14.1% | 10.5% | -5.6% |
Balance sheet
Fiscal years, from MACOM Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $357M | $214M | $193M | $177M | $333M | $345M | $587M | $515M | $582M | $786M |
| Receivables | $108M | $136M | $97M | $70M | $46M | $85M | $102M | $91M | $106M | $149M |
| Inventory | $115M | $136M | $123M | $108M | $92M | $83M | $115M | $136M | $194M | $238M |
| Total current assets | $613M | $563M | $459M | $399M | $482M | $522M | $813M | $761M | $903M | $1.2B |
| Property, plant and equipment | $99M | $131M | $150M | $133M | $119M | $121M | $124M | $149M | $176M | $230M |
| Goodwill | $120M | $314M | $314M | $315M | $315M | $314M | $311M | $323M | $332M | $336M |
| Total assets | $1.2B | $1.6B | $1.5B | $1.1B | $1.1B | $1.1B | $1.6B | $1.6B | $1.8B | $2.1B |
| Total current liabilities | $92M | $117M | $107M | $75M | $95M | $93M | $97M | $84M | $108M | $325M |
| Long-term debt | $574M | $661M | $658M | $655M | $652M | $492M | $566M | $447M | $448M | $340M |
| Total liabilities | $726M | $860M | $814M | $792M | $846M | $662M | $729M | $606M | $629M | $776M |
| Shareholders' equity | $463M | $777M | $669M | $314M | $300M | $472M | $843M | $948M | $1.1B | $1.3B |
| Net debt | $247M | $538M | $571M | $587M | $530M | $336M | $446M | $273M | $301M | $388M |
Cash flow
Fiscal years, from MACOM Technology Solutions's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $79M | $61M | $36M | $21M | $171M | $148M | $177M | $167M | $163M | $235M |
| Capital spending | $31M | $33M | $53M | $38M | $18M | $18M | $27M | $25M | $26M | $53M |
| Free cash flow | $48M | $28M | -$17M | -$17M | $154M | $130M | $150M | $142M | $137M | $182M |
| Stock-based compensation | $27M | $36M | $32M | $24M | $36M | $35M | $41M | $38M | $46M | $79M |
| Share buybacks (net) | -$10M | -$19M | -$7M | -$4M | -$7M | -$23M | -$36M | -$33M | -$14M | -$43M |
| Net borrowing | — | — | — | — | — | -$544M | — | — | — | — |
| Free cash flow margin | 8.8% | 4.0% | -2.9% | -3.5% | 29.0% | 21.5% | 22.3% | 21.9% | 18.8% | 18.8% |
Questions
What was MACOM Technology Solutions's revenue in 2025?
$967M in fiscal 2025, from its 10-K filing.
How much free cash flow does MACOM Technology Solutions generate?
$182M in fiscal 2025 (operating cash flow minus capital spending).
From MACOM Technology Solutions's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.