MACOM opened fiscal 2026 with higher revenue and expanding profitability, driven by demand across its Industrial & Defense, Data Center, and Telecommunications markets. The company reported first-quarter revenue of $271.6 million, up 24.5% year over year and 4.0% sequentially, alongside higher gross margin and operating income.
Gross margin rose to 55.9% on a GAAP basis, while operating income more than doubled year over year to $43.3 million, representing 15.9% of revenue. Net income reached $48.8 million, or $0.64 per diluted share, compared with a net loss in the prior-year quarter that reflected a one-time, non-cash debt refinancing charge.
On a non-GAAP basis, MACOM reported adjusted operating income of $74.0 million, or 27.2% of revenue, and adjusted EPS of $1.02. Looking ahead, the company guided fiscal Q2 revenue to a range of $281 million to $289 million, with adjusted EPS expected between $1.05 and $1.09.
- Revenue: $271.6 million, +24.5% YoY, +4.0% QoQ
- GAAP gross margin: 55.9%; non-GAAP gross margin: 57.6%
- GAAP operating income: $43.3 million (15.9% margin)
- Non-GAAP operating income: $74.0 million (27.2% margin)
- GAAP EPS: $0.64; non-GAAP EPS: $1.02
- Q2 FY2026 revenue outlook: $281–$289 million
“We delivered a solid start to fiscal year 2026,” said Stephen G. Daly, President and Chief Executive Officer of MACOM. “We remain focused on executing our strategic plan and providing differentiated solutions to the markets we serve.”
🌐 Analysis
MACOM’s results highlight continued momentum in high-performance analog, RF, and optical semiconductors, segments benefiting from sustained investment in data center connectivity, defense electronics, and advanced telecom infrastructure. The Q2 outlook suggests steady sequential growth and margin stability as customers advance programs tied to higher-frequency RF and optical interconnect requirements.
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