Earnings Releases·Nov 5, 2026, 7:33 AM ET

MACOM — Fiscal Year 2026 Earnings Summary

**Financial Performance:** Q4 FY26 revenue reached $424.8 million (up 62.7% YoY, 24.1% sequentially), while full-year FY26 revenue totaled $1,327.6 million (up 37.3% YoY); full-year GAAP net income swung to a profit of $335.3 million ($4.31/share) from a $54.2 million net loss in FY25, driven by a $193.1 million non-cash debt extinguishment loss in the prior year, with full-year Adjusted Non-GAAP net income rising to $435.7 million ($5.60/share).
**Margin Expansion:** GAAP gross margins improved to 59.9% in Q4 and 58.0% for the full year, while Adjusted Non-GAAP gross margins expanded to 61.3% in Q4 and 59.5% for the full year, reflecting strong operational leverage.
**FY27 Guidance:** Management provided Q1 FY27 guidance of $450–$460 million in revenue, 62.0–63.0% Adjusted gross margin, and $2.21–$2.29 Adjusted EPS, anticipating a non-GAAP effective tax rate of approximately 6% for the full fiscal year.
**Capital Structure & Strategy:** The company utilized $209.2 million in financing cash flows primarily to repay $161.2 million in convertible notes, reducing long-term debt to $0 and increasing short-term debt to $340.7 million, while completing an investment in IQE plc and pursuing further strategic acquisitions.