MACOM Technology Solutions Holdings, Inc. (MTSI)财务
NASDAQ · Technology · Semiconductors · 员工2,000人 · CEO Stephen G. Daly
- 股价
- $234.39 -7.14%
- 市值
- $179亿
- 企业价值
- $182亿
- 最近财报
- Q3 '26 2026-08-06提交
- 下次财报
- 2026-11-05 EPS预期 $2.00
营收(TTM)$11.6亿+28.4% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)18.1%+4.4 百分点 对比去年同期营业利润 $2.11亿
净利润(TTM)$2.41亿+444.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)$1.19亿-30.8% 对比去年同期资本支出 $7800万
稀释EPS(TTM)$3.11+407.9% 对比去年同期最近4个季度之和
净现金$2.92亿+43.3% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $179亿 EV $182亿
- 营收
- $11.6亿 过去12个月
- 营收增速
- +37% FY2026年一致预期
- 净利润率
- 20.7% 净利润 / 营收,TTM
- P/E
- 73.2× 预期 42.5×(FY2026)
- P/S
- 15.4× 股价 / 营收,TTM
- EV / EBITDA
- 50.9× TTM
- 自由现金流
- $1.19亿 过去12个月
- 净利润
- $2.41亿 过去12个月
- 营收预期
- $13.2亿 FY2026年一致预期
- 盈利
- 2026-11-05 营收预期 $4.2亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-06):营收超预期1.8%,EPS 超预期3.7%营收$3.42亿,预期$3.36亿(+1.8%);EPS $1.40,预期$1.35(+3.7%)。
- 营收增长加速:同比35.8%Q3 '26营收$3.42亿,此前四个季度的平均值为27.4%。
- 营业利润率18.1%(TTM),较去年同期+4.4 百分点营收增长28.4%,营业利润增长69.0%。
- 税前利润的26.3%来自营业外收益税前利润$2.86亿,营业利润$2.11亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的6.7%(去年为6.2%)最近4个季度投入$7800万(同比+38.6%)。自由现金流$1.19亿,相当于净利润的49.3%。
- 稀释股数一年内增加3.4%Q3 '26稀释股数7840万,一年前为7590万。
- 净现金 $2.92亿现金 + 短期投资 $6.63亿,含租赁债务 $3.71亿;一年前净现金 $2.04亿。
上一季度:Q3 '26
截至2026-07-03的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $3.42亿 | $2.52亿 | +35.8% |
| 毛利率 | 58.3% | 53.7% | +4.6 百分点 |
| 营业利润 | $7710万 | $3770万 | +104.8% |
| 营业利润率 | 22.5% | 14.9% | +7.6 百分点 |
| 净利润 | $1.01亿 | $3650万 | +175.7% |
| 稀释EPS | $1.28 | $0.48 | +166.7% |
| 经营现金流 | $564万 | $6040万 | -90.7% |
| 资本支出 | $1640万 | $3760万 | -56.3% |
| 自由现金流 | -$1080万 | $2280万 | -147.3% |
| R&D | $7430万 | $6110万 | +21.6% |
| 股权激励费用 | $2110万 | $1730万 | +21.9% |
实际 vs 一致预期
2026-08-06| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $3.42亿 | $3.36亿 | +1.8% |
| EPS(一致预期口径) | $1.40 | $1.35 | +3.7% |
来自2026-08-06发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Reportable Segment | $3.42亿 | – | 100.0% | – | – |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| China and Hong Kong | $1.34亿 | – | 39.1% | – | – | |
| United States | $1.21亿 | – | 35.4% | – | – | |
| Other Countries | $4710万 | – | 13.8% | – | – | |
| Asia Pacific, excluding China | $4020万 | – | 11.8% | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q3 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Reportable Segment | $3.42亿 | – | $7710万 | – | 22.5% | – | – |
各分部营业利润
季度各分部营业利润率
季度利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $1.97亿
- 资本支出
- -$7800万
- 股票回购
- $8万
- 股息
- $0
- 收购
- $0
- 债务净发行
- -$1.92亿
- 股权激励费用
- $8360万
- 自由现金流
- $1.19亿
- 股东回报 / FCF
- -0.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 73.2× | 73.6× 5年中的4年 | 8.2× – 118.8× |
| EV / EBITDA | 50.9× | 76.5× | 13.4× – 247.6× |
| EV / 营收 | 15.6× | 9.0× | 6.1× – 11.5× |
| 股价 / FCF | 150.6× | 43.5× | 24.0× – 61.5× |
| 股价 / 净资产 | 11.6× | 6.8× | 4.3× – 9.5× |
| FCF收益率 | 0.7% | 2.6% | 1.6% – 4.2% |
| 投入资本回报率 | 8.9% | 6.6% | 4.3% – 9.0% |
| 净资产收益率 | 17.1% | 14.5% | -4.1% – 52.2% |
分析师
一致目标价 $401.25 (+71.2%)
区间 $300.00 – $475.00 · 评级 Buy
强烈买入0
买入16
持有7
卖出2
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $13.2亿 | +36.9% | $5.51 | +855.3% | 42.5× | 11 |
| FY2027 | $18.1亿 | +36.3% | $8.54 | +54.8% | 27.5× | 11 |
| FY2028 | $20.9亿 | +15.9% | $10.11 | +18.4% | 23.2× | 7 |
| FY2029 | $24.7亿 | +17.9% | $12.48 | +23.5% | 18.8× | 1 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
MACOM Technology Solutions Holdings, Inc.在近期10-Q / 10-K文件中标记的全部250项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $7280万 | $6060万 | +20.1% | $6760万 | $4320万 | +56.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.79亿 | $1.29亿 | +38.3% | $1.49亿 | $1.06亿 | +40.6% |
| Accounts Receivable, Allowance for Credit Loss | $88.6万2025-10-03 | $266万 | -66.7% | $88.6万 | $266万 | -66.7% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | – | – | – | $373万 | $475万 | -21.4% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $195万 | $540万 | -63.8% |
| Accrued Liabilities, Current | $8750万 | $7250万 | +20.8% | $9600万 | $6430万 | +49.2% |
| Accrued Marketing Costs, Current | $820万2025-10-03 | $749万 | +9.4% | $820万 | $749万 | +9.4% |
| Accrued Professional Fees, Current | $104万2025-10-03 | $134万 | -22.0% | $104万 | $134万 | -22.0% |
| Accumulated Capitalized Interest Costs | $750万2025-10-03 | $820万 | -8.5% | $750万 | $820万 | -8.5% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $2.99亿 | $2.68亿 | +11.7% | $2.73亿 | $2.5亿 | +9.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $107万 | $381万 | -72.0% | $503万 | $251万 | +101.0% |
| Additional Paid in Capital | $15.6亿2025-10-03 | $13.1亿 | +19.3% | $15.6亿 | $13.1亿 | +19.3% |
| Additional Paid in Capital, Common Stock | $15.8亿 | $15.4亿 | +2.5% | – | – | – |
| Amortization of Debt Issuance Costs | – | – | – | $145万 | $115万 | +26.4% |
| Amortization of Intangible Assets | $616万 | $737万 | -16.5% | $3180万 | $3720万 | -14.6% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $2110万 | $1730万 | +21.9% | $7940万 | $4560万 | +73.9% |
| Asset Retirement Obligation | $190万2025-10-03 | $190万 | 0.0% | $190万 | $190万 | 0.0% |
| Assets | $21.5亿 | $20亿 | +7.2% | $21亿 | $17.6亿 | +19.8% |
| Assets, Current | $11.7亿 | $11.3亿 | +4.0% | $12.1亿 | $9.03亿 | +33.4% |
| Assets, Fair Value Disclosure | $6.99亿 | – | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $126万 | -$239万 | +152.6% | $222万 | $31.1万 | +614.5% |
| Cash and Cash Equivalents, at Carrying Value | $8960万 | $1.25亿 | -28.6% | $1.12亿 | $1.47亿 | -23.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $8960万 | $1.25亿 | -28.6% | $1.12亿 | $1.47亿 | -23.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$892万 | $1450万 | -161.3% | -$3470万 | -$2710万 | -27.7% |
| Common Stock, Capital Shares Reserved for Future Issuance | 320万2025-10-03 | 390万 | -17.9% | 320万 | 390万 | -17.9% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 3亿 | 3亿 | 0.0% | 3亿 | 3亿 | 0.0% |
| Common Stock, Shares, Issued | 7450万2025-10-03 | 7220万 | +3.2% | 7450万 | 7220万 | +3.2% |
| Common Stock, Shares, Outstanding | 7450万2025-10-03 | 7220万 | +3.2% | 7450万 | 7220万 | +3.2% |
| Common Stock, Value, Issued | $7.6万 | $7.4万 | +2.7% | $7.4万 | $7.2万 | +2.8% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $9970万 | $3950万 | +152.6% | -$5170万 | $8300万 | -162.3% |
| Contract with Customer, Liability | $394万 | $525万 | -24.9% | $770万 | $530万 | +45.3% |
| Contract with Customer, Liability, Revenue Recognized | $70万 | $30万 | +133.3% | $230万 | $250万 | -8.0% |
| Convertible Notes Payable | 15,000,000 GBP2026-05-28 | – | – | – | – | – |
| Convertible Notes Payable | $2020万2026-05-28 | – | – | – | – | – |
| Cost of Goods and Services Sold | $1.43亿 | $1.13亿 | +26.7% | $4.38亿 | $3.36亿 | +30.5% |
| Current Federal Tax Expense (Benefit) | – | – | – | $1540万 | $453万 | +239.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $452万 | $371万 | +21.9% |
| Current Income Tax Expense (Benefit) | – | – | – | $2070万 | $983万 | +110.5% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $79.4万 | $159万 | -50.0% |
| Debt and Equity Securities, Unrealized Gain (Loss) | $4150万 | $0 | – | – | – | – |
| Debt Conversion, Converted Instrument, Amount | $0 | $0 | – | – | – | – |
| Debt Instrument, Unamortized Discount | $385万 | $527万 | -27.0% | $489万 | $172万 | +184.5% |
| Debt Issuance Costs, Net | – | – | – | $690万2023-09-29 | $370万 | +86.5% |
| Debt Securities, Available-for-sale | $5.73亿 | $6.1亿 | -6.0% | $6.74亿 | $4.35亿 | +54.9% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $39.6万 | $142万 | -72.1% | $338万 | $244万 | +38.4% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $153万 | $37万 | +313.5% | $8.7万 | $21万 | -58.6% |
| Debt Securities, Available-for-sale, Amortized Cost | $5.75亿 | $6.09亿 | -5.6% | $6.71亿 | $4.33亿 | +54.9% |
| Debt Securities, Available-for-sale, Current | $1.53亿 | $1.93亿 | -20.9% | – | – | – |
| Debt Securities, Available-for-sale, Noncurrent | $4.21亿 | $4.17亿 | +0.9% | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$33.4万 | $1120万 | -103.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$160万 | -$129万 | -23.9% |
| Deferred Income Tax Assets, Net | $1.82亿 | $2.11亿 | -13.9% | $2.08亿 | $2.12亿 | -2.1% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $450万 | $484万 | -7.1% |
| Deferred Revenue | $394万 | – | – | $768万 | $528万 | +45.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$370万 | -$142万 | -161.0% |
| Deferred Tax Assets, Equity Method Investments | $56.6万2025-10-03 | $57.6万 | -1.7% | $56.6万 | $57.6万 | -1.7% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $2580万2025-10-03 | $2700万 | -4.7% | $2580万 | $2700万 | -4.7% |
| Deferred Tax Assets, Gross | $2.55亿2025-10-03 | $2.49亿 | +2.8% | $2.55亿 | $2.49亿 | +2.8% |
| Deferred Tax Assets, Net | $2.08亿2025-10-03 | $2.12亿 | -2.1% | $2.08亿 | $2.12亿 | -2.1% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-07-03, 10-Q 2026-04-03, 10-Q 2026-01-02, 10-K 2025-10-03, 10-Q 2025-07-04, 10-Q 2025-04-04, 10-Q 2025-01-03, 10-K 2024-09-27, 10-Q 2024-06-28
数据截至 2026-11-02