MACOM Technology Solutions vs Semtech
Semtech reported revenue of $1.1 billion in fiscal 2026, about the same as MACOM Technology Solutions' $967 million in fiscal 2025. MACOM Technology Solutions' revenue grew 32.6% in its latest year, and Semtech's grew 15.5%. MACOM Technology Solutions had an operating margin of 13.4%, against 3.1% at Semtech. Free cash flow was $193 million at MACOM Technology Solutions and $171 million at Semtech. Their fiscal years end in different months (October 3 and January 25), so the periods don't line up exactly.
Side by side
| MACOM Technology Solutions | Semtech | |
|---|---|---|
| Latest fiscal year | FY2025, Oct 3, 2025 | FY2026, Jan 25, 2026 |
| Revenue | $967M | $1.1B |
| Revenue growth | 32.6% | 15.5% |
| Revenue growth a year, last 5 years | 12.8% | 12.0% |
| Gross margin | 54.7% | 51.6% |
| Operating margin | 13.4% | 3.1% |
| Net margin | −5.6% | −3.9% |
| Free cash flow | $193M | $171M |
| Free cash flow margin | 19.9% | 16.3% |
| Return on capital | 9.8% | 2.9% |
| Net debt to EBITDA | −1.3x | 4.7x |
| Dividends and buybacks | $43M | $0M |
| Change in diluted share count | 0.6% | 23.4% |
| Last close | $243.58 | $136.73 |
| P/E at the last close | 77.6× | — |
| Insider trades, last 12 months | sold $349.0 million | sold $17.6 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
MACOM Technology SolutionsSemtech
Operating margin
Percent of revenue
MACOM Technology SolutionsSemtech
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
MACOM Technology SolutionsSemtech
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the MACOM Technology Solutions and Semtech pages.