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MACOM Technology Solutions Is Surging Into 5G — But Can It Dominate the Next Telecom Supercycle?

MACOM Technology Solutions Holdings, Inc. reported its financial results for the fourth quarter and the full fiscal year 2025, showcasing robust growth figures across multiple dimensions. The company achieved a marked increase in revenue, recording $967 million for the year, reflecting an impressive 32% growth year-over-year. Their adjusted earnings per share (EPS) also saw a substantial 35% increase, highlighting the company’s increasing profitability with an EPS of $3.47. Positives that emerge from the report include the company’s ability to generate significant free cash flow, amounting to $193 million over the year. The balance sheet remains strong, with cash and short-term investments totaling $786 million, affording MACOM a net cash position of over $285 million when accounting for convertible notes. The company has also demonstrated operational efficiency, with a book-to-bill ratio of over 1:1, maintaining robust backlog levels that suggest continued demand and revenue visibility.