Added to YB: 2026-03-19
Pitch date: 2026-03-16
MTSI [neutral]
MACOM Technology Solutions Holdings, Inc.
Author Info
Gaetano shares institutional-quality research on the future of AI infrastructure and photonics. Deep dives, timely updates, and real education built for conviction investors. Sign up for the newsletter.
Company Info
MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.
Market Cap
$16.9B
Pitch Price
N/A
Price Target
300.00
Dividend
N/A
EV/EBITDA
72.23
P/E
103.78
EV/Sales
16.34
Sector
Semiconductors and Semiconductor Equipment
Category
growth
MACOM ($MTSI) Report
MTSI: Analog chips (TIAs, laser drivers, photodetectors) for 400G/800G/1.6T optical transceivers powering AI datacenters + CW lasers for silicon photonics + GaN defense (43% rev, 50%+ growth). FY26 guide: 35-40% datacenter growth, 57.6% gross margin expanding 25-50bps/qtr toward 60%+. Bull case: 1.6T ramp accelerates, CW lasers qualify & ramp FY27, defense sustains 30%+ growth ($260-$300 PT). Bear: datacenter cycle turns, Marvell Perseus displaces, margins stall ($125-$145 PT). Base: fair value at $200-$240. Trading 49x fwd P/E vs peers at 24-32x. Risks: premium multiple, customer concentration, CPO architecture shift, execution. Author buys at $198 (aggressive), $180 (moderate), $164 (conservative). Watch: datacenter rev >$90M/qtr, book-to-bill >1.2x, margin expansion, hyperscaler capex.
Read full article (17 min)