MACOM Technology Solutions reported strong financial results for its fiscal third quarter ended July 4, 2025, with revenue climbing to $252.1 million—up 32.3% year-over-year and 6.9% sequentially. GAAP net income rose to $36.5 million ($0.48 per diluted share), compared to $19.9 million ($0.27 per share) in the same quarter a year ago. Adjusted (non-GAAP) earnings reached $0.90 per diluted share, reflecting continued margin expansion and operating leverage.
Gross margin expanded to 55.3% on a GAAP basis, with adjusted gross margin ticking up to 57.6%. Operating income increased to $37.7 million (14.9% of revenue), while adjusted operating income hit $63.5 million (25.2% of revenue). Adjusted EBITDA stood at $70.4 million or 27.9% of revenue. The company also posted strong cash flows from operations of $165.7 million for the first nine months of the fiscal year, despite increased investments in inventory and property.
Looking ahead to Q4, MACOM expects revenue between $256 million and $264 million, with adjusted earnings per share in the $0.91–$0.95 range. The outlook assumes an adjusted gross margin of 56–58% and a 3% non-GAAP tax rate. The company reaffirmed its strategic focus on diversified markets, including data centers, telecom, industrial, and defense applications.
• Q3 revenue: $252.1 million, +32.3% YoY
• GAAP EPS: $0.48; Adjusted EPS: $0.90
• Adjusted operating margin: 25.2%; Adjusted EBITDA: $70.4 million
• Q4 guidance: Revenue of $256M–$264M; Adjusted EPS of $0.91–$0.95
• Cash and short-term investments: $735 million
• Recent acquisitions: ENGIN-IC, Linearizer Communications Group, Wolfspeed RF business
“Our results demonstrate the growing competitiveness of MACOM’s diverse product portfolio and our increasing momentum in the market,” said Stephen G. Daly, President and CEO.
🌐 Why it Matters: MACOM’s strong quarterly growth reflects robust demand across its end markets and successful integration of recent acquisitions. As a key supplier of RF, optical, and mixed-signal technologies, its performance signals healthy momentum in semiconductor segments tied to cloud, telecom, aerospace, and defense.
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