$MTSI

MACOM Technology Solutions Holdings, Inc.

CIK:0001493594|SEC Filings

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 03, 2026	Jul. 04, 2025	Jul. 03, 2026	Jul. 04, 2025
Income Statement [Abstract]
Revenue	$ 342,237	$ 252,079	$ 902,804	$ 706,088
Cost of revenue	142,685	112,643	387,040	319,387
Gross profit	199,552	139,436	515,764	386,701
Operating expenses:
Research and development	74,305	63,380	209,747	181,586
Selling, general and administrative	48,132	38,396	134,774	115,058
Total operating expenses	122,437	101,776	344,521	296,644
Income from operations	77,115	37,660	171,243	90,057
Other income (expense):
Interest income	6,676	7,598	22,425	21,837
Interest expense	(1,484)	(1,178)	(4,849)	(3,723)
Debt and Equity Securities, Unrealized Gain (Loss)	41,543	0	41,543	0
Loss on extinguishment of debt	0	0	0	(193,098)
Total other income (expense)	46,735	6,420	59,119	(174,984)
Income (loss) before income taxes	123,850	44,080	230,362	(84,927)
Income tax expense	23,142	7,546	34,556	14,403
Net income (loss)	$ 100,708	$ 36,534	$ 195,806	$ (99,330)
Net income (loss) per share:
Income (loss) per share - Basic (usd per share)	$ 1.32	$ 0.49	$ 2.59	$ (1.35)
Income (loss) per share - Diluted (usd per share)	$ 1.28	$ 0.48	$ 2.52	$ (1.35)
Weighted average shares outstanding:
Basic (in shares)	76,331	74,427	75,479	73,828
Diluted (in shares)	78,409	75,864	77,561	73,828

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jul. 03, 2026	Jul. 04, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 195,806	$ (99,330)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and intangibles amortization	46,669	45,646
Share-based compensation	65,873	61,593
Deferred income taxes	26,915	53
Debt and Equity Securities, Unrealized Gain (Loss)	(41,543)	0
Loss on extinguishment of debt	0	193,098
Amortization on marketable securities, net	1,415	4,528
Other adjustments, net	(1,204)	3,460
Change in operating assets and liabilities:
Accounts receivable	(30,502)	(22,829)
Inventories	(43,816)	(20,638)
Prepaid expenses and other assets	(6,661)	(6,792)
Accounts payable	4,050	16,502
Accrued and other liabilities	(10,140)	(4,781)
Income taxes	(2,482)	4,278
Net cash provided by operating activities	201,550	165,732
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(46,889)	(22,332)
Purchases of software licenses and licensed technology	(8,857)	(9,822)
Proceeds from sales and maturities of short-term investments	208,186	279,599
Purchases of short-term investments	(110,795)	(450,932)
Purchases of long-term investments	(60,588)	0
Other investing	2,501	(1,210)
Purchase of property under financing arrangement	0	(28,750)
Acquisition of business, net of cash acquired	0	(12,684)
Net cash used in investing activities	(16,442)	(246,131)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from financing arrangement	(161,151)	0
Payments on finance leases and other financing activities	(2,318)	(942)
Proceeds from employee stock purchases	11,549	10,209
Common stock withheld for taxes on employee equity awards	(55,575)	(42,684)
Proceeds from convertible notes	0	86,629
Proceeds from financing arrangement	0	28,750
Payments for fee on convertible note exchange and debt issuance costs	0	(23,166)
Net cash (used in) provided by financing activities	(207,495)	58,796
Foreign currency effect on cash	(151)	263
NET CHANGE IN CASH AND CASH EQUIVALENTS	(22,538)	(21,340)
CASH AND CASH EQUIVALENTS — Beginning of period	112,142	146,806
CASH AND CASH EQUIVALENTS — End of period	$ 89,604	$ 125,466

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jul. 03, 2026	Oct. 03, 2025
Assets, Current [Abstract]
Cash and cash equivalents	$ 89,604	$ 112,142
Short-term investments	573,426	673,833
Accounts receivable, net	179,147	148,646
Inventories	281,518	237,844
Prepaid and other current assets	48,578	32,623
Total current assets	1,172,273	1,205,088
Property and equipment, net	246,308	230,291
Goodwill	335,416	336,315
Intangible assets, net	61,547	78,570
Deferred income taxes	181,993	207,999
Long-Term Investments	102,132	0
Other long-term assets	47,100	45,097
Total assets	2,146,769	2,103,360
Current liabilities:
Short-term debt	340,465	160,946
Accounts payable	72,823	67,588
Accrued liabilities	87,531	95,959
Finance lease liabilities	687	626
Total current liabilities	501,506	325,119
Finance lease liabilities	29,980	30,504
Financing obligation	36,558	37,014
Long-term debt	0	339,630
Other long-term liabilities	37,950	43,998
Total liabilities	605,994	776,265
Stockholders’ equity:
Common stock	76	74
Treasury stock, at cost	(330)	(330)
Accumulated other comprehensive income	1,066	5,034
Additional paid-in capital	1,584,217	1,562,377
Accumulated deficit	(44,254)	(240,060)
Total stockholders’ equity	1,540,775	1,327,095
Total liabilities and stockholders’ equity	$ 2,146,769	$ 2,103,360