MACOM Technology Solutions Holdings, Inc. Q4 2026 Earnings Recap

MACOM’s shares fell 18.4% after earnings, despite strong backlog and upbeat data-center growth expectations. The transcript does not identify a specific guidance cut or operating shortfall, so the selloff’s driver is unclear; investors may have been disappointed by expectations not reflected in the reported outlook.

Key Takeaways

• Q4 revenue was $424.8 million and adjusted EPS was $2.09; full-year revenue was $1.3 billion and adjusted EPS was $5.60.
• Q4 book-to-bill was 1.4:1, and the company ended the year with record backlog. Orders were strong across all three end markets, with data center outperforming.
• Data-center revenue rose approximately 37% sequentially to $188.1 million. Management expects FY’27 data-center growth to exceed FY’26’s 74% growth rate.
• Industrial and Defense revenue reached a record $164.6 million, up 23% sequentially; full-year I&D revenue grew 27.8%, with management targeting higher growth in FY’27.
• Telecom revenue was $72.1 million, up 1% sequentially. The excerpt provides no Q1 FY’27 revenue or earnings guidance, limiting visibility into the near-term outlook.