Company Quick10K Filing
MACOM Technology
10-Q 2020-04-03 Filed 2020-04-30
10-Q 2020-01-03 Filed 2020-01-29
10-K 2019-09-27 Filed 2019-11-26
10-Q 2019-06-28 Filed 2019-08-06
10-Q 2019-03-29 Filed 2019-05-08
10-Q 2018-12-28 Filed 2019-02-06
10-K 2018-09-28 Filed 2018-11-16
10-Q 2018-06-29 Filed 2018-08-01
10-Q 2018-03-30 Filed 2018-05-03
10-Q 2017-12-29 Filed 2018-02-07
10-K 2017-09-29 Filed 2017-11-15
10-Q 2017-06-30 Filed 2017-08-02
10-Q 2017-03-31 Filed 2017-04-26
10-Q 2016-12-30 Filed 2017-02-01
10-K 2016-09-30 Filed 2016-11-17
10-Q 2016-07-01 Filed 2016-07-27
10-Q 2016-04-01 Filed 2016-04-27
10-Q 2016-01-01 Filed 2016-01-27
10-K 2015-10-02 Filed 2015-11-24
10-Q 2015-07-03 Filed 2015-08-12
10-Q 2015-04-03 Filed 2015-05-13
10-Q 2015-01-02 Filed 2015-02-02
10-K 2014-10-03 Filed 2014-12-09
10-Q 2014-07-04 Filed 2014-08-01
10-Q 2014-04-04 Filed 2014-05-12
10-Q 2014-01-03 Filed 2014-02-12
10-K 2013-09-27 Filed 2013-12-05
10-Q 2013-06-28 Filed 2013-08-05
10-Q 2013-03-29 Filed 2013-05-03
10-Q 2012-12-28 Filed 2013-02-01
10-K 2012-09-28 Filed 2012-11-28
10-Q 2012-06-29 Filed 2012-08-07
10-Q 2012-03-30 Filed 2012-05-10
8-K 2020-04-29 Earnings, Exhibits
8-K 2020-03-05 Shareholder Vote
8-K 2020-01-28 Earnings, Exhibits
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-08-05 Officers
8-K 2019-08-01 Earnings, Exhibits
8-K 2019-07-11 Officers
8-K 2019-07-01 Officers
8-K 2019-07-01 Officers
8-K 2019-06-17 Leave Agreement, Exit Costs, Impairments, Regulation FD, Exhibits
8-K 2019-05-30 Officers, Exhibits
8-K 2019-05-15 Officers, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-04-24 Enter Agreement, Earnings, Regulation FD, Exhibits
8-K 2019-04-11 Officers, Regulation FD, Exhibits
8-K 2019-02-28 Shareholder Vote
8-K 2019-02-05 Earnings, Exhibits
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-07-31 Earnings, Exhibits
8-K 2018-05-10 M&A, Exhibits
8-K 2018-05-01 Earnings, Exhibits
8-K 2018-03-01 Shareholder Vote
8-K 2018-02-06 Earnings, Exhibits

MACOM Technology Financials

MTSI Metrics, Comps, Filings

Quarterly | Annual

Business

We design and manufacture semiconductor products for Data Center, Telecommunications ("Telecom") and Industrial and Defense ("I&D") applications. Headquartered in Lowell, Massachusetts, we have more than 65 years of application expertise, with silicon, gallium arsenide ("GaAs") and indium phosphide ("InP") fabrication, manufacturing, assembly and test, and operational facilities throughout North America, Europe and Asia. We design, develop and manufacture differentiated, high-value semiconductor products for customers who demand high performance, quality and reliability. We offer a broad portfolio of thousands of standard and custom devices, which include integrated circuits ("IC"), multi-chip modules ("MCM"), diodes, amplifiers, switches and switch limiters, passive and active components and complete subsystems, across dozens of product lines serving over 8,000 end customers in three primary markets. Our semiconductor products are electronic components that our customers incorporate into their larger electronic systems, such as wireless basestations, high speed optical networks, active antenna arrays, radar, medical systems and test and measurement. Our primary markets are: (1) Telecom, which includes carrier infrastructure like long-haul/metro, 5G and fiber-to-the-X ("FTTx")/ passive optical network ("PON"); (2) Data Centers, enabled by our broad portfolio of analog ICs and photonic components for high speed optical module customers; and (3) I&D, which includes military and commercial radar, radio frequency ("RF") jammers, electronic countermeasures, communication data links, satellite communications and multi-market applications, which include industrial, medical, test and measurement as well as scientific applications.

Many of our products have long life cycles ranging from five to ten years, and some of our products have been generating revenue for over twenty years. We continue to develop new products and technologies to improve our ability to serve our primary markets. Our growth strategy is focused on strengthening our customer relationships and capturing more design wins in order to increase our market share. As we grow our portfolio and technology base, we believe our customers will select more of our components for use in their systems.

Our manufacturing model consists of domestic semiconductor wafer fabrication capabilities coupled with our external foundry partners. This provides us with a competitive advantage and an attractive financial model by allowing us to utilize our variable cost structure while enabling us to adapt to changing market conditions and customer demands. We operate semiconductor fabrication facilities at our Lowell, Massachusetts headquarters and in Ann Arbor, Michigan. Our facilities are certified to the International Organization for Standardization ("ISO") 9001 international quality standard and ISO14001 environmental management standard. We manufacture compound semiconductors including GaAs and InP. In the I&D markets, a domestic fabrication facility may be a requirement to be a strategic supplier, and we believe our status as a "Trusted Foundry" offers us further competitive differentiation.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
SunPower (SPWR) 2,172 3% 13.5 1% 1,890 2,050 1,717 59 26 149 2,010
Ambarella (AMBA) 2,132 58% -88.3 -6% 514 69 172 99 -32 -21 1,880
Diodes (DIOD) 2,067 37% 10.6 8% 1,610 533 1,262 471 136 174 1,847
OSI Systems (OSIS) 1,996 36% 16.2 4% 1,290 749 1,207 434 57 134 2,172
O2Micro (OIIM) 1,970 0% 89 10 0 0 0 0 1,937
MaxLinear (MXL) 1,594 53% 39.1 -2% 707 293 335 177 -11 45 1,743
Jinkosolar Holding (JKS) 1,561 0% 35,853 27,399 0 0 0 0 220
Kulicke & Soffa (KLIC) 1,558 47% 17.3 1% 1,080 311 540 255 12 69 1,194
Rambus (RMBS) 1,503 62% -36.3 -6% 1,300 339 233 143 -83 -43 1,558
MACOM Technology (MTSI) 1,434 44% -7.1 -35% 1,106 792 500 221 -384 -284 2,021
FormFactor (FORM) 1,428 40% 18.4 13% 794 179 552 219 106 73 1,350
Tower Semiconductor (TSEM) 1,427 0% 1,790 554 0 0 0 0 1,042
Synaptics (SYNA) 1,331 35% 55.7 -2% 1,424 770 1,394 482 -23 18 980
Himax Technologies (HIMX) 1,195 0% 837 394 0 0 0 0 1,030
Xperi (XPER) 1,006 97% -26.7 -4% 1,038 475 190 183 -47 -50 1,324
Quantenna Communications (QTNA) 928 50% 118.0 1% 258 46 170 85 4 8 888
Canadian Solar (CSIQ) 898 0% 4,893 3,620 0 0 0 0 788
Photronics (PLAB) 781 22% 4.7 4% 1,119 208 551 121 40 130 616
Smart Global Holdings (SGH) 757 19% 12.8 3% 783 511 1,090 207 21 67 850
CEVA (CEVA) 708 88% 334.6 -1% 294 45 59 52 -3 2 693

Balance Sheet ($MM)2012-03-302012-06-292012-09-282012-12-282013-03-292013-06-282013-09-272014-01-032014-04-042014-07-042014-10-032015-01-022015-04-032015-07-032015-10-022016-01-012016-04-012016-07-012016-09-302016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Cash757885931031161106663174174487481122485867333354113168130152163859587938576
Accounts Receivable4851545250556366687675798990849392921081121281301369710710197110876870
Inventory505357595755548972707489848480101107117115115140120136143144123123121120111108
PP&E3056555760616583899398111121139146158169175178187210219236242256262278282291285282
Assets2422522682702802943045685666796827778008078668989009131,1891,1971,5561,6331,6371,5811,5611,4861,4821,4581,4201,1041,106
Accounts Payable22242725252425372930303330282933303031323431472629294233353925
Long-Term Debt352350343350348346344343345584579578669668668667666665666664663662
Liabilities76726962616367332357465454550451446442480486467726734756853860813803807814801803805792
Stockholders' Equity166181199208219230237235209214229227350361425419414447463463800779777768758679669657617299314
Income Statement ($MM)2012-03-302012-06-292012-09-282012-12-282013-03-292013-06-282013-09-272014-01-032014-04-042014-07-042014-10-032015-01-022015-04-032015-07-032015-10-022016-01-012016-04-012016-07-012016-09-302016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Revenue7777757578828483108112114115125131113116134142153152186195166131150138151151128108112
Cost of Revenue4142434344464647836258617171155568687173117102797085908074717459
Gross Profit37353232343637372750565458605760667482786993876166487177573453
R&D99810111110112221201921222025262630304039394242484644424335
SG&A11111211131314193122202633272835353640366247423839424243424227
Tax672333122100-12-111-4-0-12190374-0-1011-0-0
Net Income-5414176894-6-22115-6-8854-16-11235-1-130-28-11-23-15-85-16-23-46-32511
Cash Flow ($MM)2012-03-302012-06-292012-09-282012-12-282013-03-292013-06-282013-09-272014-01-032014-04-042014-07-042014-10-032015-01-022015-04-032015-07-032015-10-022016-01-012016-04-012016-07-012016-09-302016-12-302017-03-312017-06-302017-09-292017-12-292018-03-302018-06-292018-09-282018-12-282019-03-292019-06-282019-09-27
Cash Operating899131314-914162141251620192520028121110253241-8
Cash Investing-4-2-237-221-6-227-12-335-83-1-7-4-4-228-59-47204-78-13-12-11-10-1
Cash Financing-1-0111-11892895-99923-21-7-8-32455-1486-31-41-22-71-1