MACOM Technology Solutions
MTSI · Semiconductors
$236.24
2.8%Semtech
SMTC · Semiconductors
$132.00
5.5%The short version
- Semtech is the larger business, with $1.1B of revenue in fiscal 2026 against $967M for MACOM Technology Solutions.
- MACOM Technology Solutions grew revenue faster (32.6%, against 15.5%).
- MACOM Technology Solutions kept more of each dollar of sales as operating profit (13.4% operating margin, against 3.1% operating margin).
- MACOM Technology Solutions turned more of its sales into free cash flow (19.9% FCF margin, against 16.3% FCF margin).
- MACOM Technology Solutions earned a higher return on the capital invested in it (9.8%, against 2.9%).
| Latest fiscal year | MTSI · FY25 | SMTC · FY26 |
|---|---|---|
| Size | ||
| Market cap | $18.5B | $12.9B |
| Revenue | $967M | $1.1B |
| Free cash flow | $193M | $171M |
| Net income | −$54.2M | −$40.4M |
| Growth | ||
| Revenue growth | 32.6% | 15.5% |
| 5-year growth | 12.8% | 12.0% |
| Share count change | 0.6% | 23.4% |
| Profitability | ||
| Gross margin | 54.7% | 51.6% |
| Operating margin | 13.4% | 3.1% |
| Net margin | −5.6% | −3.9% |
| FCF margin | 19.9% | 16.3% |
| Return on capital | 9.8% | 2.9% |
| Return on equity | −4.4% | −7.4% |
| Balance sheet | ||
| Net debt | −$254M | $296M |
| Net debt / EBITDA | −1.3x | 4.7x |
| Dividends and buybacks | $43.1M | $0.0M |
| Valuation & quality | ||
| P/E | 75.2x | — |
| Piotroski F-score | 5 | 7 |
FY17
MTSI $699M
SMTC $544M
FY18
MTSI $570M
SMTC $588M
FY19
MTSI $500M
SMTC $627M
FY20
MTSI $530M
SMTC $548M
FY21
MTSI $607M
SMTC $595M
FY22
MTSI $675M
SMTC $741M
FY23
MTSI $648M
SMTC $757M
FY24
MTSI $730M
SMTC $869M
FY25
MTSI $967M
SMTC $909M
FY26
MTSI —
SMTC $1.1B
MTSI
SMTC
FY17
MTSI −2.3%
SMTC 15.5%
FY18
MTSI −18.7%
SMTC 11.3%
FY19
MTSI −76.1%
SMTC 16.8%
FY20
MTSI 0.6%
SMTC 9.5%
FY21
MTSI 13.4%
SMTC 12.6%
FY22
MTSI 19.7%
SMTC 19.6%
FY23
MTSI 16.6%
SMTC 12.3%
FY24
MTSI 10.1%
SMTC −108.7%
FY25
MTSI 13.4%
SMTC 5.5%
FY26
MTSI —
SMTC 3.1%
MTSI
SMTC
FY17
MTSI $28.3M
SMTC $84.7M
FY18
MTSI −$16.8M
SMTC $76.0M
FY19
MTSI −$17.3M
SMTC $167M
FY20
MTSI $154M
SMTC $95.6M
FY21
MTSI $130M
SMTC $86.2M
FY22
MTSI $150M
SMTC $177M
FY23
MTSI $142M
SMTC $98.4M
FY24
MTSI $140M
SMTC −$123M
FY25
MTSI $193M
SMTC $50.1M
FY26
MTSI —
SMTC $171M
MTSI
SMTC
FY17
MTSI −1.3%
SMTC 11.2%
FY18
MTSI −7.1%
SMTC 7.1%
FY19
MTSI −30.5%
SMTC 18.0%
FY20
MTSI 0.4%
SMTC 6.4%
FY21
MTSI 11.0%
SMTC 11.9%
FY22
MTSI 17.7%
SMTC 21.0%
FY23
MTSI 9.7%
SMTC 5.9%
FY24
MTSI 6.4%
SMTC −53.9%
FY25
MTSI 9.8%
SMTC 4.3%
FY26
MTSI —
SMTC 2.9%
MTSI
SMTC
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.