MTSI (MACOM Technology Solutions Holdings) Operating Income: $171 Mil (TTM As of Mar. 2026)


MTSI MACOM Technology Solutions Holdings Inc MTSI
74 GF Score
Price $371.61
GF Value $170.88
Valuation Significantly Overvalued
! 7 Warning Signs
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What is MACOM Technology Solutions Holdings Operating Income?

MACOM Technology Solutions Holdings MTSI -0.26% 74 Operating Income is $171 Mil as of Mar. 2026. GuruFocus rates MTSI with a GF Score™ of 74/100 and a GF Value™ of $170.88 (Significantly Overvalued). The stock has 7 warning signs investors should review.

MACOM Technology Solutions Holdings's Operating Income for the three months ended in Mar. 2026 was $51 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $171 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. MACOM Technology Solutions Holdings's Operating Income for the three months ended in Mar. 2026 was $51 Mil. MACOM Technology Solutions Holdings's Revenue for the three months ended in Mar. 2026 was $289 Mil. Therefore, MACOM Technology Solutions Holdings's Operating Margin % for the quarter that ended in Mar. 2026 was 17.59%.

Good Sign:

MACOM Technology Solutions Holdings Inc operating margin is expanding. Margin expansion is usually a good sign.

MACOM Technology Solutions Holdings's 5-Year average Growth Rate for Operating Margin % was 44.10% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. MACOM Technology Solutions Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was 13.49%. MACOM Technology Solutions Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 43.31%.


MACOM Technology Solutions Holdings  (NAS:MTSI) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

MACOM Technology Solutions Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=203.324 * ( 1 - 18.61% )/( (1193.701 + 1260.023)/ 2 )
=165.4854036/1226.862
=13.49 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2105.528 - 143.333 - ( 768.494 - max(0, 304.544 - 1206.01+768.494))
=1193.701

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2014.577 - 89.696 - ( 664.858 - max(0, 149.703 - 1126.05+664.858))
=1260.023

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

MACOM Technology Solutions Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=234.36/( ( (234.705 + max(294.183, 0)) + (234.96 + max(318.457, 0)) )/ 2 )
=234.36/( ( 528.888 + 553.417 )/ 2 )
=234.36/541.1525
=43.31 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(160.055 + 238.905 + 38.556) - (143.333 + 0 + 0)
=294.183

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(159.599 + 252.195 + 49.398) - (89.696 + 4.16 + 48.879)
=318.457

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

MACOM Technology Solutions Holdings's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=50.831/288.955
=17.59 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


MACOM Technology Solutions Holdings Operating Income Related Terms


MACOM Technology Solutions Holdings Operating Income Historical Data

* Premium members only.

The historical data trend for MACOM Technology Solutions Holdings's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MACOM Technology Solutions Holdings Operating Income Chart

MACOM Technology Solutions Holdings Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 81.00 132.67 107.40 73.67 129.65

MACOM Technology Solutions Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.87 37.66 39.60 43.30 50.83
MTSI
74GF Score
MACOM Technology Solutions Holdings Inc MTSI
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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MACOM Technology Solutions Holdings Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $171 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $171 Mil mean?
MACOM Technology Solutions Holdings (MTSI) has a Operating Income of $171 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MACOM Technology Solutions Holdings and its competitors.
Is MACOM Technology Solutions Holdings' Operating Income too high?
MACOM Technology Solutions Holdings' current Operating Income is $171 Mil. Overall, MACOM Technology Solutions Holdings has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MACOM Technology Solutions Holdings' Operating Income compare to ON and LSCC?
MACOM Technology Solutions Holdings' Operating Income of $171 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Semiconductors company?
A good Operating Income depends on the Semiconductors industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on MACOM Technology Solutions Holdings and its competitors. MACOM Technology Solutions Holdings's current Operating Income is $171 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MACOM Technology Solutions Holdings stock overvalued right now?
Based on GuruFocus' analysis, MACOM Technology Solutions Holdings (MTSI) is currently considered Significantly Overvalued. The stock's GF Value™ is $170.88, compared to a current price of $371.61 — trading 117.5% above its estimated fair value. The current Operating Income is $171 Mil. MACOM Technology Solutions Holdings' overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For MACOM Technology Solutions Holdings (MTSI), the current Operating Income is $171 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MACOM Technology Solutions Holdings (MTSI) Overvalued in 2026?

Based on GuruFocus' analysis, MACOM Technology Solutions Holdings stock appears to be overvalued. The current stock price of $371.61 is trading 117.5% above its estimated GF Value™ of $170.88. GuruFocus considers MACOM Technology Solutions Holdings to be Significantly Overvalued.

Key valuation signals for MTSI:

  • Operating Income: $171 Mil
  • GF Value™: $170.88 vs. price of $371.61 (117.5% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the MTSI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MACOM Technology Solutions Holdings Business Description

Other Exchanges 0A8Z:UK1MA:Germany
Address 100 Chelmsford Street, Lowell, MA, USA, 01851
MACOM Technology Solutions Holdings Inc is a provider of analog, digital, and mixed-signal semiconductor solutions to original equipment manufacturers and distributors. These solutions are found in systems for industrial, medical, scientific, and test and measurement markets. The firm's portfolio of products includes integrated circuits, multichip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems.
74GF Score

Get the complete analysis for MTSI

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$371.61
Price
$170.88
GF Value