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Fabless·MTSI

MACOM Technology Solutions Holdings, Inc.

NASDAQ · US

RF, microwave, analog, and optical semiconductor designer.

AI relevance

High-speed optical and connectivity silicon for data center networks.

Fabless Optics Networking Other Other Other

Price

$391.41

Change

+24.30 (+6.62%)

Market cap

$29.9B

52w range

$118–$419

Exchange

NASDAQ

Country

Jason's Chips

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Price chart

MTSI market performance

Daily close for MACOM Technology Solutions Holdings, Inc.

Latest close: $391.4
Range move: +$257.1 (+191.4%)
Range high: $409.7
Range low: $118.3
Latest volume: 2.4M
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

54 rows

Available earnings-call transcript dates by fiscal year and quarter.

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StreetBuy

Analyst expectations

Consensus target

$360.89

-7.8%

Target range

$260.00 - $450.00

Rating mix

Buy

24 ratings

Next FY revenue

$1.26B

2026-10-03

Next FY EPS

$5.03

$4.67 - $5.15

Rating consensus24 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-03	$1.26B	$1.23B - $1.28B	$5.03	$4.67 - $5.15	$306.4M	$195.8M	$363.1M	$191.4M	11 rev / 11 EPS
2027-10-03	$1.59B	$1.51B - $1.64B	$6.84	$5.65 - $7.35	$385.5M	$246.4M	$480.8M	$240.8M	10 rev / 10 EPS
2028-10-03	$1.80B	$1.73B - $1.85B	$8.08	$6.63 - $9.15	$438.2M	$280.1M	$583.8M	$273.8M	4 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-07-03	$335.3M	$335.2M - $335.8M	$1.35	$1.33 - $1.37	$81.4M	$52.0M	$103.8M	$50.9M	9 rev / 10 EPS
2026-10-03	$365.9M	$336.0M - $381.3M	$1.57	$1.23 - $1.72	$88.8M	$56.8M	$120.8M	$55.5M	9 rev / 10 EPS
2027-01-03	$375.1M	$362.4M - $384.1M	$1.61	$1.54 - $1.66	$91.1M	$58.2M	$124.4M	$56.9M	6 rev / 4 EPS
2027-04-03	$388.1M	$374.9M - $397.5M	$1.67	$1.59 - $1.72	$94.2M	$60.2M	$128.6M	$58.9M	4 rev / 4 EPS
2027-07-03	$402.5M	$388.9M - $412.2M	$1.75	$1.67 - $1.80	$97.7M	$62.5M	$134.9M	$61.1M	4 rev / 4 EPS
2027-10-03	$417.3M	$403.2M - $427.4M	$1.83	$1.75 - $1.89	$101.3M	$64.8M	$141.5M	$63.3M	6 rev / 4 EPS
2028-01-03	$434.6M	$419.9M - $445.1M	$1.91	$1.82 - $1.97	$105.5M	$67.4M	$147.2M	$65.9M	6 rev / 5 EPS
2028-04-03	$444.6M	$429.5M - $455.3M	$1.91	$1.82 - $1.96	$107.9M	$69.0M	$146.9M	$67.4M	3 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	2	$450.00
Last quarter	8	$387.75
Last year	20	$293.15
All time	34	$211.71

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-22	Barclays	Maintain	Overweight	Overweight
2026-05-08	Susquehanna	Maintain	Neutral	Neutral
2026-05-08	Truist Securities	Maintain	Buy	Buy
2026-05-08	Barclays	Maintain	Overweight	Overweight
2026-05-08	Evercore ISI Group	Maintain	Outperform	Outperform
2026-05-08	JP Morgan	Maintain	Neutral	Neutral
2026-05-08	Needham	Maintain	Buy	Buy
2026-04-16	Stifel	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	3	9	3
2026-05-01	3	10	3
2026-04-01	3	10	3
2026-03-01	3	9	4
2026-02-01	3	9	4
2026-01-01	3	9	4
2025-12-01	3	9	4
2025-11-01	3	9	4

FinancialsFY 2025

Financials

Revenue

$967.3M

Gross margin

54.9%

Operating income

$129.7M

Free cash flow

$153.2M

Cash + ST investments

$786.0M

Net debt

$425.8M

ROE

-4.1%

ROIC

6.7%

EV / sales

10.2x

EV / EBITDA

247.6x

R&D / revenue

25.3%

Current ratio

3.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$967.3M	$531.4M	54.9%	$244.5M	$129.7M	$39.8M	-$54.2M	$-0.73
FY 2024	$729.6M	$371.4M	50.9%	$177.4M	$83.9M	$163.9M	$76.9M	$1.07
FY 2023	$648.4M	$362.1M	55.8%	$148.5M	$116.5M	$179.7M	$91.6M	$1.29
FY 2022	$675.2M	$380.6M	56.4%	$148.2M	$132.7M	$304.6M	$440.0M	$6.30
FY 2021	$606.9M	$310.9M	51.2%	$138.8M	$81.0M	$133.5M	$38.0M	$0.55
FY 2020	$530.0M	$237.3M	44.8%	$141.3M	$4.5M	$64.6M	-$46.1M	$-0.69
FY 2019	$499.7M	$175.8M	35.2%	$163.5M	-$95.8M	-$282.9M	-$383.8M	$-5.88
FY 2018	$570.4M	$197.6M	34.6%	$177.7M	-$90.0M	-$11.5M	-$140.0M	$-2.16
FY 2017	$698.8M	$334.6M	47.9%	$148.0M	$47.6M	$72.4M	-$169.5M	$-2.79
FY 2016	$544.3M	$261.5M	48.0%	$107.7M	$37.4M	$67.4M	$1.4M	$0.03
FY 2015	$420.6M	$198.8M	47.3%	$82.2M	$23.4M	$57.7M	$48.6M	$0.95
FY 2014	$418.7M	$139.1M	33.2%	$71.4M	$2.5M	$2.9M	-$15.3M	$-0.33

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$235.4M	$71.3M	$153.2M
FY 2024	$162.6M	$22.4M	$140.2M
FY 2023	$166.9M	$24.7M	$142.2M
FY 2022	$177.0M	$26.5M	$150.5M
FY 2021	$148.4M	$18.0M	$130.5M
FY 2020	$171.4M	$17.6M	$153.8M
FY 2019	$20.7M	$38.0M	-$17.3M
FY 2018	$36.3M	$53.0M	-$16.8M
FY 2017	$61.0M	$32.8M	$28.2M
FY 2016	$79.2M	$32.1M	$47.1M
FY 2015	$33.7M	$41.6M	-$7.9M
FY 2014	$25.0M	$22.5M	$2.5M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$786.0M	$148.6M	$237.8M	$230.3M	$2.10B	$538.0M	$425.8M	$776.3M	$1.33B
FY 2024	$581.9M	$105.7M	$194.5M	$176.0M	$1.76B	$487.8M	$341.0M	$629.3M	$1.13B
FY 2023	$514.5M	$91.3M	$136.3M	$149.5M	$1.55B	$487.3M	$313.4M	$605.6M	$947.6M
FY 2022	$586.5M	$101.6M	$115.0M	$123.7M	$1.57B	$600.4M	$480.5M	$729.1M	$842.7M
FY 2021	$344.9M	$84.6M	$82.7M	$120.5M	$1.13B	$528.5M	$372.0M	$662.4M	$471.7M
FY 2020	$333.2M	$45.9M	$91.6M	$118.9M	$1.15B	$697.0M	$567.6M	$846.3M	$300.1M
FY 2019	$176.7M	$86.5M	$107.9M	$132.6M	$1.10B	$692.7M	$617.2M	$791.7M	$311.5M
FY 2018	$192.9M	$115.0M	$122.8M	$149.9M	$1.48B	$694.7M	$600.1M	$813.8M	$668.7M
FY 2017	$214.2M	$154.6M	$136.1M	$131.0M	$1.64B	$686.4M	$556.3M	$859.7M	$777.4M
FY 2016	$356.8M	$129.9M	$114.9M	$99.2M	$1.19B	$583.5M	$250.6M	$725.8M	$462.8M
FY 2015	$161.9M	$84.0M	$79.9M	$83.8M	$866.3M	$344.6M	$222.3M	$441.7M	$424.5M
FY 2014	$173.9M	$62.3M	$73.6M	$50.4M	$682.2M	$346.7M	$172.8M	$453.7M	$228.6M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	54.9%	13.4%	-5.6%	3.7x	3.0x	-4.1%	6.7%	10.2x	247.6x	1.6%	25.3%	199d
FY 2024	50.9%	11.5%	10.5%	8.3x	6.5x	6.8%	4.3%	11.5x	51.0x	1.7%	24.3%	207d
FY 2023	55.8%	18.0%	14.1%	9.1x	7.5x	9.7%	6.3%	9.4x	33.9x	2.5%	22.9%	193d
FY 2022	56.4%	19.7%	65.2%	8.4x	7.2x	52.2%	9.0%	6.1x	13.4x	4.2%	22.0%	159d
FY 2021	51.2%	13.3%	6.3%	5.6x	4.7x	8.0%	6.8%	8.0x	36.3x	2.9%	22.9%	117d
FY 2020	44.8%	0.9%	-8.7%	5.1x	4.1x	-15.4%	0.4%	5.3x	43.6x	6.8%	26.7%	117d
FY 2019	35.2%	-19.2%	-76.8%	5.3x	3.9x	-123.2%	-8.4%	4.1x	-7.2x	-1.2%	32.7%	157d
FY 2018	34.6%	-15.8%	-24.5%	4.3x	3.1x	-20.9%	-5.6%	3.3x	-164.6x	-1.3%	31.2%	153d
FY 2017	47.9%	6.8%	-24.3%	4.8x	3.6x	-21.8%	3.1%	4.7x	45.1x	1.0%	21.2%	170d
FY 2016	48.0%	6.9%	0.3%	6.7x	5.4x	0.3%	0.6%	4.4x	35.9x	2.2%	19.8%	196d
FY 2015	47.3%	5.6%	11.6%	5.4x	4.3x	11.4%	1.1%	4.0x	29.2x	-0.5%	19.5%	156d
FY 2014	33.2%	0.6%	-3.7%	4.4x	3.5x	-6.7%	0.2%	2.9x	417.5x	0.2%	17.0%	147d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+32.6%	+43.1%	+37.8%	+54.6%	-170.5%	-168.2%	+9.3%	-266.2%	+35.1%	+22.3%	+19.8%	+10.3%
FY 2024	+12.5%	+2.6%	+19.4%	-28.0%	-16.1%	-17.1%	-1.4%	+9.1%	+13.1%	+42.7%	+13.0%	+0.1%
FY 2023	-4.0%	-4.9%	+0.2%	-12.2%	-79.2%	-79.5%	-5.5%	+6.8%	-12.3%	+18.6%	-1.2%	-18.8%
FY 2022	+11.2%	+22.4%	+6.8%	+63.8%	+1058.6%	+1045.5%	+15.3%	-47.7%	+70.1%	+39.0%	+38.6%	+13.6%
FY 2021	+14.5%	+31.0%	-1.8%	+1689.3%	+182.4%	+179.7%	-15.2%	-2.2%	+3.5%	-9.7%	-1.1%	-24.2%
FY 2020	+6.1%	+35.0%	-13.5%	+104.7%	+88.0%	+88.3%	+991.1%	+53.7%	+88.5%	-15.1%	+3.9%	+0.6%
FY 2019	-12.4%	-11.0%	-8.0%	-6.5%	-174.2%	-172.2%	-3.1%	+28.4%	-8.4%	-12.2%	-25.6%	-0.3%
FY 2018	-18.4%	-40.9%	+20.1%	-289.0%	+17.4%	+22.6%	-159.3%	-61.7%	-10.0%	-9.7%	-9.4%	+1.2%
FY 2017	+28.4%	+28.0%	+37.4%	+27.4%	-11919.6%	-9400.0%	-40.1%	-2.2%	-40.0%	+18.4%	+37.7%	+17.6%
FY 2016	+29.4%	+31.5%	+31.0%	+59.9%	-97.0%	-96.8%	+695.1%	+22.8%	+120.4%	+43.8%	+37.2%	+69.4%
FY 2015	+0.5%	+42.9%	+15.2%	+836.4%	+417.1%	+387.9%	-412.3%	-85.2%	-6.9%	+8.7%	+27.0%	-0.6%
FY 2014	+31.4%	+0.5%	+75.6%	-95.1%	-155.3%	-155.0%	-89.5%	-77.3%	+57.4%	+36.3%	+124.4%	0.0%

Segments

Revenue Mix

Period	Total	UNITED STATES	CHINA	Asia Pacific	Other Countries	International	U S	TAIWAN, PROVINCE OF CHINA
FY 2024	$729.6M	$327.7M	$177.7M	$89.3M	$134.9M	--	--	--
FY 2023	$648.4M	$313.4M	$129.9M	$90.7M	$114.5M	--	--	--
FY 2022	$675.2M	$315.3M	$176.0M	$107.1M	$76.8M	--	--	--
FY 2021	$606.9M	$277.9M	$165.9M	$93.6M	$69.6M	--	--	--
FY 2020	$530.0M	$217.5M	$193.0M	$85.0M	$34.6M	--	--	--
FY 2019	$499.7M	$239.5M	$132.3M	$80.1M	$47.7M	--	--	--
FY 2018	$570.4M	$273.0M	$159.8M	$79.6M	$58.1M	--	--	--
FY 2017	$698.8M	$265.0M	$206.1M	$170.8M	$56.8M	--	--	--
FY 2016	$544.3M	$156.0M	--	$346.7M	$41.7M	--	--	--
FY 2015	$420.6M	$153.0M	$92.5M	--	$118.7M	--	--	$56.4M
FY 2014	$418.7M	$213.2M	--	--	--	$205.5M	--	--
FY 2013	$318.7M	--	--	--	--	$132.7M	$186.0M	--

Transcripts

Events

Next earnings

2026-08-06EPS est $1.34

Recent filings

42026-06-02
SD2026-05-29
42026-05-21

Latest news

Are You Looking for a Top Momentum Pick? Why M/A-Com (MTSI) is a Great Choice
Zacks Investment Research · 2026-06-16
Photonics Is the New Hot Cake of AI Infrastructure Space: 5 Picks
Zacks Investment Research · 2026-06-11

Analyst expectations

Consensus target

$360.89

-7.8%

Target range

$260.00 - $450.00

Rating mix

Buy

24 ratings

Next FY revenue

$1.26B

2026-10-03

Next FY EPS

$5.03

$4.67 - $5.15

Rating consensus24 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-10-03	$1.26B	$1.23B - $1.28B	$5.03	$4.67 - $5.15	$306.4M	$195.8M	$363.1M	$191.4M	11 rev / 11 EPS
2027-10-03	$1.59B	$1.51B - $1.64B	$6.84	$5.65 - $7.35	$385.5M	$246.4M	$480.8M	$240.8M	10 rev / 10 EPS
2028-10-03	$1.80B	$1.73B - $1.85B	$8.08	$6.63 - $9.15	$438.2M	$280.1M	$583.8M	$273.8M	4 rev / 3 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-07-03	$335.3M	$335.2M - $335.8M	$1.35	$1.33 - $1.37	$81.4M	$52.0M	$103.8M	$50.9M	9 rev / 10 EPS
2026-10-03	$365.9M	$336.0M - $381.3M	$1.57	$1.23 - $1.72	$88.8M	$56.8M	$120.8M	$55.5M	9 rev / 10 EPS
2027-01-03	$375.1M	$362.4M - $384.1M	$1.61	$1.54 - $1.66	$91.1M	$58.2M	$124.4M	$56.9M	6 rev / 4 EPS
2027-04-03	$388.1M	$374.9M - $397.5M	$1.67	$1.59 - $1.72	$94.2M	$60.2M	$128.6M	$58.9M	4 rev / 4 EPS
2027-07-03	$402.5M	$388.9M - $412.2M	$1.75	$1.67 - $1.80	$97.7M	$62.5M	$134.9M	$61.1M	4 rev / 4 EPS
2027-10-03	$417.3M	$403.2M - $427.4M	$1.83	$1.75 - $1.89	$101.3M	$64.8M	$141.5M	$63.3M	6 rev / 4 EPS
2028-01-03	$434.6M	$419.9M - $445.1M	$1.91	$1.82 - $1.97	$105.5M	$67.4M	$147.2M	$65.9M	6 rev / 5 EPS
2028-04-03	$444.6M	$429.5M - $455.3M	$1.91	$1.82 - $1.96	$107.9M	$69.0M	$146.9M	$67.4M	3 rev / 5 EPS

Price target history

Window	Targets	Average target
Last month	2	$450.00
Last quarter	8	$387.75
Last year	20	$293.15
All time	34	$211.71

Sources: TheFly, StreetInsider, Benzinga

Latest grade actions

Date	Firm	Action	Previous	New
2026-05-22	Barclays	Maintain	Overweight	Overweight
2026-05-08	Susquehanna	Maintain	Neutral	Neutral
2026-05-08	Truist Securities	Maintain	Buy	Buy
2026-05-08	Barclays	Maintain	Overweight	Overweight
2026-05-08	Evercore ISI Group	Maintain	Outperform	Outperform
2026-05-08	JP Morgan	Maintain	Neutral	Neutral
2026-05-08	Needham	Maintain	Buy	Buy
2026-04-16	Stifel	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold
2026-06-01	3	9	3
2026-05-01	3	10	3
2026-04-01	3	10	3
2026-03-01	3	9	4
2026-02-01	3	9	4
2026-01-01	3	9	4
2025-12-01	3	9	4
2025-11-01	3	9	4

Financials

Revenue

$967.3M

Gross margin

54.9%

Operating income

$129.7M

Free cash flow

$153.2M

Cash + ST investments

$786.0M

Net debt

$425.8M

ROE

-4.1%

ROIC

6.7%

EV / sales

10.2x

EV / EBITDA

247.6x

R&D / revenue

25.3%

Current ratio

3.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2025	$967.3M	$531.4M	54.9%	$244.5M	$129.7M	$39.8M	-$54.2M	$-0.73
FY 2024	$729.6M	$371.4M	50.9%	$177.4M	$83.9M	$163.9M	$76.9M	$1.07
FY 2023	$648.4M	$362.1M	55.8%	$148.5M	$116.5M	$179.7M	$91.6M	$1.29
FY 2022	$675.2M	$380.6M	56.4%	$148.2M	$132.7M	$304.6M	$440.0M	$6.30
FY 2021	$606.9M	$310.9M	51.2%	$138.8M	$81.0M	$133.5M	$38.0M	$0.55
FY 2020	$530.0M	$237.3M	44.8%	$141.3M	$4.5M	$64.6M	-$46.1M	$-0.69
FY 2019	$499.7M	$175.8M	35.2%	$163.5M	-$95.8M	-$282.9M	-$383.8M	$-5.88
FY 2018	$570.4M	$197.6M	34.6%	$177.7M	-$90.0M	-$11.5M	-$140.0M	$-2.16
FY 2017	$698.8M	$334.6M	47.9%	$148.0M	$47.6M	$72.4M	-$169.5M	$-2.79
FY 2016	$544.3M	$261.5M	48.0%	$107.7M	$37.4M	$67.4M	$1.4M	$0.03
FY 2015	$420.6M	$198.8M	47.3%	$82.2M	$23.4M	$57.7M	$48.6M	$0.95
FY 2014	$418.7M	$139.1M	33.2%	$71.4M	$2.5M	$2.9M	-$15.3M	$-0.33

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2025	$235.4M	$71.3M	$153.2M
FY 2024	$162.6M	$22.4M	$140.2M
FY 2023	$166.9M	$24.7M	$142.2M
FY 2022	$177.0M	$26.5M	$150.5M
FY 2021	$148.4M	$18.0M	$130.5M
FY 2020	$171.4M	$17.6M	$153.8M
FY 2019	$20.7M	$38.0M	-$17.3M
FY 2018	$36.3M	$53.0M	-$16.8M
FY 2017	$61.0M	$32.8M	$28.2M
FY 2016	$79.2M	$32.1M	$47.1M
FY 2015	$33.7M	$41.6M	-$7.9M
FY 2014	$25.0M	$22.5M	$2.5M

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2025	$786.0M	$148.6M	$237.8M	$230.3M	$2.10B	$538.0M	$425.8M	$776.3M	$1.33B
FY 2024	$581.9M	$105.7M	$194.5M	$176.0M	$1.76B	$487.8M	$341.0M	$629.3M	$1.13B
FY 2023	$514.5M	$91.3M	$136.3M	$149.5M	$1.55B	$487.3M	$313.4M	$605.6M	$947.6M
FY 2022	$586.5M	$101.6M	$115.0M	$123.7M	$1.57B	$600.4M	$480.5M	$729.1M	$842.7M
FY 2021	$344.9M	$84.6M	$82.7M	$120.5M	$1.13B	$528.5M	$372.0M	$662.4M	$471.7M
FY 2020	$333.2M	$45.9M	$91.6M	$118.9M	$1.15B	$697.0M	$567.6M	$846.3M	$300.1M
FY 2019	$176.7M	$86.5M	$107.9M	$132.6M	$1.10B	$692.7M	$617.2M	$791.7M	$311.5M
FY 2018	$192.9M	$115.0M	$122.8M	$149.9M	$1.48B	$694.7M	$600.1M	$813.8M	$668.7M
FY 2017	$214.2M	$154.6M	$136.1M	$131.0M	$1.64B	$686.4M	$556.3M	$859.7M	$777.4M
FY 2016	$356.8M	$129.9M	$114.9M	$99.2M	$1.19B	$583.5M	$250.6M	$725.8M	$462.8M
FY 2015	$161.9M	$84.0M	$79.9M	$83.8M	$866.3M	$344.6M	$222.3M	$441.7M	$424.5M
FY 2014	$173.9M	$62.3M	$73.6M	$50.4M	$682.2M	$346.7M	$172.8M	$453.7M	$228.6M

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2025	54.9%	13.4%	-5.6%	3.7x	3.0x	-4.1%	6.7%	10.2x	247.6x	1.6%	25.3%	199d
FY 2024	50.9%	11.5%	10.5%	8.3x	6.5x	6.8%	4.3%	11.5x	51.0x	1.7%	24.3%	207d
FY 2023	55.8%	18.0%	14.1%	9.1x	7.5x	9.7%	6.3%	9.4x	33.9x	2.5%	22.9%	193d
FY 2022	56.4%	19.7%	65.2%	8.4x	7.2x	52.2%	9.0%	6.1x	13.4x	4.2%	22.0%	159d
FY 2021	51.2%	13.3%	6.3%	5.6x	4.7x	8.0%	6.8%	8.0x	36.3x	2.9%	22.9%	117d
FY 2020	44.8%	0.9%	-8.7%	5.1x	4.1x	-15.4%	0.4%	5.3x	43.6x	6.8%	26.7%	117d
FY 2019	35.2%	-19.2%	-76.8%	5.3x	3.9x	-123.2%	-8.4%	4.1x	-7.2x	-1.2%	32.7%	157d
FY 2018	34.6%	-15.8%	-24.5%	4.3x	3.1x	-20.9%	-5.6%	3.3x	-164.6x	-1.3%	31.2%	153d
FY 2017	47.9%	6.8%	-24.3%	4.8x	3.6x	-21.8%	3.1%	4.7x	45.1x	1.0%	21.2%	170d
FY 2016	48.0%	6.9%	0.3%	6.7x	5.4x	0.3%	0.6%	4.4x	35.9x	2.2%	19.8%	196d
FY 2015	47.3%	5.6%	11.6%	5.4x	4.3x	11.4%	1.1%	4.0x	29.2x	-0.5%	19.5%	156d
FY 2014	33.2%	0.6%	-3.7%	4.4x	3.5x	-6.7%	0.2%	2.9x	417.5x	0.2%	17.0%	147d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2025	+32.6%	+43.1%	+37.8%	+54.6%	-170.5%	-168.2%	+9.3%	-266.2%	+35.1%	+22.3%	+19.8%	+10.3%
FY 2024	+12.5%	+2.6%	+19.4%	-28.0%	-16.1%	-17.1%	-1.4%	+9.1%	+13.1%	+42.7%	+13.0%	+0.1%
FY 2023	-4.0%	-4.9%	+0.2%	-12.2%	-79.2%	-79.5%	-5.5%	+6.8%	-12.3%	+18.6%	-1.2%	-18.8%
FY 2022	+11.2%	+22.4%	+6.8%	+63.8%	+1058.6%	+1045.5%	+15.3%	-47.7%	+70.1%	+39.0%	+38.6%	+13.6%
FY 2021	+14.5%	+31.0%	-1.8%	+1689.3%	+182.4%	+179.7%	-15.2%	-2.2%	+3.5%	-9.7%	-1.1%	-24.2%
FY 2020	+6.1%	+35.0%	-13.5%	+104.7%	+88.0%	+88.3%	+991.1%	+53.7%	+88.5%	-15.1%	+3.9%	+0.6%
FY 2019	-12.4%	-11.0%	-8.0%	-6.5%	-174.2%	-172.2%	-3.1%	+28.4%	-8.4%	-12.2%	-25.6%	-0.3%
FY 2018	-18.4%	-40.9%	+20.1%	-289.0%	+17.4%	+22.6%	-159.3%	-61.7%	-10.0%	-9.7%	-9.4%	+1.2%
FY 2017	+28.4%	+28.0%	+37.4%	+27.4%	-11919.6%	-9400.0%	-40.1%	-2.2%	-40.0%	+18.4%	+37.7%	+17.6%
FY 2016	+29.4%	+31.5%	+31.0%	+59.9%	-97.0%	-96.8%	+695.1%	+22.8%	+120.4%	+43.8%	+37.2%	+69.4%
FY 2015	+0.5%	+42.9%	+15.2%	+836.4%	+417.1%	+387.9%	-412.3%	-85.2%	-6.9%	+8.7%	+27.0%	-0.6%
FY 2014	+31.4%	+0.5%	+75.6%	-95.1%	-155.3%	-155.0%	-89.5%	-77.3%	+57.4%	+36.3%	+124.4%	0.0%

Revenue Mix