MACOM Technology (MTSI) Q3 2026: Revenue Surges 35.8% on Data Center Demand
As seen on the 24/7 Wall St. homepage on August 6, 2026.
Data center optical demand pushed revenue up 35.8% year over year, and guidance calls for $415 million to $425 million next quarter, another 21% to 24% sequential jump. Adjusted gross margin reached 59.7% and management sees 60% to 61% ahead, so the mix shift is lifting profits alongside volume.
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MACOM reported Q3 2026 revenue of $342.2 million, beating the $335.6 million consensus estimate by roughly 2%, while adjusted earnings per share of $1.40 came in about 3.8% above the $1.35 Wall Street had expected. The quarter extended a streak of beats that stretches back through most of the past two years, with EPS climbing steadily from $0.73 in Q4 2024 to the current $1.40.
The 35.8% year-over-year revenue jump was driven by data center optical demand, and the profitability picture is improving alongside the top line. Adjusted gross margin hit 59.7% in the quarter, and management is guiding that figure to 60% to 61% next quarter, signaling that the shift toward higher-value products is doing more than just adding volume.
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For Q4 2026, MACOM's guidance calls for revenue of $415 million to $425 million, which would represent another 21% to 24% sequential increase. That kind of back-to-back acceleration in a single fiscal year is the key number for investors to watch as they assess whether optical data center buildout has real staying power for the company's product mix.
Mentioned: MTSI