Does MACOM Technology Solutions Holdings (MTSI) Pay a Dividend? (2026)

No. There is no dividend on MTSI in our data and the yield is 0%. The trailing price to earnings ratio of roughly 104 is flattered by a one time gain: fiscal third quarter GAAP net income of ~$100.7 million included ~$41.5 million of non cash investment fair value gain, versus adjusted net income of ~$109.8 million, or ~$1.40 per diluted share. Guidance for the fiscal fourth quarter of ~$415 million to ~$425 million in revenue and ~$1.97 to ~$2.03 in adjusted diluted earnings per share would put the forward multiple far below the trailing one, which is precisely what the current price is discounting. The balance sheet held ~$89.6 million of cash plus ~$573.4 million of short term investments as of July 3, 2026, against ~$340 million of convertible notes now classified as current.

This is worth stating plainly rather than hedging: if you are holding MTSI for income, it does not provide any. The only way a position in it puts cash in your pocket is if you sell shares.

A dividend is a standing commitment that a board is very reluctant to cut once started, because a cut is read as a signal about the business. Companies therefore wait until profits and free cash flow are durable before starting one, and many never do, preferring buybacks, which can be paused without the same signalling cost.

Retaining cash is not a weakness in itself. A company that can reinvest a dollar at a high return creates more value by keeping it than by paying it out. The question is whether MACOM Technology Solutions Holdings is actually earning that return on what it reinvests, which is a business question, not a dividend question.

Consistent profitability first, then free cash flow that comfortably exceeds what the business needs to keep growing, and then a management view that it has run out of better uses for the money. Those show up in the quarterly numbers well before any announcement, so the results are the place to watch rather than the press releases. We are not predicting whether or when that happens.

The common approach is to hold MTSI for the growth exposure and get income from somewhere else in the portfolio, rather than asking one position to do both jobs. That means dividend-paying stocks, dividend ETFs, or short-term bond and Treasury funds, sized so the income side covers what you need.

• Best dividend stocks for individual payers with long records.
• Best dividend ETFs to get a spread of payers in one holding.
• Best ETFs for monthly income if the timing of the cash matters to you.

Walnut is informational and is not an investment adviser. None of these are recommendations.

With no dividend there is no income to report while you hold MTSI, so nothing is taxable until you sell. At sale you owe capital-gains tax on the gain, at long-term rates if you held for more than a year. Compared with a dividend payer in a taxable account, which generates a tax bill every year whether you spend the cash or reinvest it, that deferral is a small structural advantage. See how stocks are taxed. This is not tax advice.

There is not one. MACOM Technology Solutions Holdings (MTSI) is a total-return holding: it either works through the share price or it does not work. If you own it, own it for that reason, and build the income part of your portfolio elsewhere. For the full picture see the MTSI guide. Walnut can show how MTSI fits your real portfolio. It is not an investment adviser.