MTSI · 10-K filed 14 Nov 2025 · year to 3 Oct 2025

MACOM Technology Solutions Holdings

35 named things its latest annual report says its results depend on, each in the company's own words. 21 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Distributors

earns from · approximately 32.3% of our revenuenamed as a risk

Sales to distributors accounted for approximately 32.3% of our revenue for the fiscal year ended October 3, 2025.Risk factors (Item 1A)

Also named by AVGO, DXCM, MCHP, MSA, MXL, ON, RMBS, ROK and 1 more

Top 10 customers

concentrated in · 56.7% of our revenuenamed as a risk

In the fiscal year ended October 3, 2025, no direct customers individually accounted for 10% or more of our revenue and sales to our top 10 direct and distribution customers accounted for an aggregate of 56.7% of our revenue.Risk factors (Item 1A)

Also named by AESI, CLS, COR, ECG, JBHT, MYRG, Q, VEEV and 1 more

Unnamed reseller (largest)

earns from · 12.4% of revenuenamed as a risk

One of our resellers accounted for 12.4% and 11.3% of our revenue in fiscal years 2025 and 2024, respectively, but did not exceed 10% in fiscal year 2023.Business (Item 1)

Unnamed reseller (second)

earns from · 11.2% of our revenuenamed as a risk

A second reseller accounted for 11.2% of our revenue in fiscal year 2025 but did not exceed 10% in fiscal years 2024 and 2023.Business (Item 1)

U.S. government

earns fromnamed as a risk

Some of our revenue is derived from contracts with agencies of the U.S. government or subcontracts with its prime contractors.Risk factors (Item 1A)

Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more

Suppliers

Merchant semiconductor foundries (single-source)

depends onnamed as a risk

For example, wafers procured from merchant foundries for a particular process technology are generally sourced through a single foundry on which we rely for all of our wafers in that process.Business (Item 1)

Partners and platforms

Air Force Research Laboratory

named as a risk

For example, we have in the past and may continue to experience additional and new unexpected difficulties, expenses or delays in qualifying and completing certain of our development projects including our GaN-on-Silicon, certain Laser products and our Air Force Research Laboratory related process technology transfer.Risk factors (Item 1A)

Also named by IONQ

Other companies

Data Center AI infrastructure spending

earns fromnamed as a risk

If capital spending on Data Center infrastructure slows down, demand for our products may decline.Risk factors (Item 1A)

Wolfspeed, Inc. RF Business

In December 2023, we completed the acquisition of certain assets and specified liabilities of the RF business of Wolfspeed, Inc. (the “RF Business,”).Business (Item 1)

Competitors

Broadcom Inc.

competes withnamed as a risk

We primarily compete with Analog Devices, Inc. (“ADI”), Broadcom Inc. (“Broadcom”), Credo Technology Group Holding Ltd. (“Credo”), Marvell Technology Inc. (“Marvell”), MaxLinear Inc. (“MaxLinear”), Microchip Technology Incorporated (“Microchip”), NXP Semiconductors N.V. (“NXP”), Qorvo, Inc. (“Qorvo”), Semtech Corporation (“Semtech”), Skyworks Solutions, Inc. (“Skyworks”) and Sumitomo Electric Device Innovations, Inc. (“Sumitomo”).Business (Item 1)

Also named by DELL, EXTR, MRVL, MXL

Qorvo, Inc.

competes withnamed as a risk

While we compete with a wide variety of companies, our significant competitors include, among others, ADI, Broadcom, Credo, Marvell, MaxLinear, Microchip, NXP, Qorvo, Semtech, Skyworks and Sumitomo as well as increased competition from Chinese companies.Risk factors (Item 1A)

Also named by SWKS, TTMI

Analog Devices, Inc.

competes withnamed as a risk

Marvell Technology Inc.

competes withnamed as a risk

Places

China

earns from · 28.4% of total fiscal year 2025 salesnamed as a risk

For example, fiscal year 2025 sales to customers in China and the Asia Pacific region accounted for 28.4% and 11.5% of total fiscal year 2025 sales, respectively.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Asia Pacific

earns from · 11.5% of total fiscal year 2025 salesnamed as a risk

For example, fiscal year 2025 sales to customers in China and the Asia Pacific region accounted for 28.4% and 11.5% of total fiscal year 2025 sales, respectively.Risk factors (Item 1A)

Also named by AIG, AVY, BLK, BNY, CCK, CL, COHR, DCI and 17 more

Asia (contract assembly and test vendors)

depends onnamed as a risk

The majority of our contract assembly, packaging and test vendors are located in Asia.Risk factors (Item 1A)

Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more

Ireland

subject tonamed as a risk

Our effective tax rate as well as the actual tax ultimately payable could be adversely affected by changes in the amount of our earnings attributable to countries with differing statutory tax rates, changes in the valuation of our deferred tax assets, changes in tax laws (or the interpretation of those laws by regulators) or tax rates (particularly in the U.S. or Ireland), increases in non-deductible expenses, the availability of tax credits (including, but not limited to through the CHIPS Act), material audit assessments or repatriation of non-U.S. earnings, each of which could materially affect our profitability.Risk factors (Item 1A)

Also named by AAPL, ACN, ADI, AGX, BEN, CDNS, CELH, COR and 13 more

Research Triangle Park, North Carolina

operates innamed as a risk

In connection with the RF Business acquisition, on July 25, 2025 we assumed control of a wafer fabrication facility in RTP, North Carolina.Business (Item 1)

Also named by BIIB, UTHR

Lowell, Massachusetts

operates innamed as a risk

The majority of our internal wafer fabrication and internal assembly and test operations are conducted at our Lowell, Massachusetts headquarters and our RTP, North Carolina wafer fabrication facility.Business (Item 1)

Limeil-Brévannes, France

operates innamed as a risk

We operate leased semiconductor wafer processing and manufacturing facilities at our headquarters in Lowell, Massachusetts, and at our Ann Arbor, Michigan, RTP, North Carolina and Limeil-Brévannes, France sites.Risk factors (Item 1A)

Hsinchu, Taiwan

operates innamed as a risk

We maintain other internal assembly and test operation facilities as well, including leased sites in Hamilton, New Jersey, Morgan Hill, California, Nashua, New Hampshire, and Hsinchu, Taiwan.Risk factors (Item 1A)

Hazards

Omega Chemical Corporation Superfund site (Whittier, California)

subject tonamed as a risk

For example, since 1993, one of our legal entities has been named as a potentially responsible party (“PRP”) along with more than 100 other companies that used the Omega Chemical Corporation waste treatment facility in Whittier, California (the “Omega Site”).Risk factors (Item 1A)

Commodities and inputs

Precious metals

depends onnamed as a risk

We purchase numerous raw materials, such as ceramic packages, precious metals, semiconductor wafers and ICs, from a limited number of external suppliers.Risk factors (Item 1A)

Also named by GLW, LFUS, MTRN, SNEX

Gallium

depends onnamed as a risk

The principal substrate materials used in the production of our IC products are high purity source materials such as gallium, aluminum, arsenic, nitrite, carbon and silicon.Business (Item 1)

Also named by SWKS

Semiconductor packages (sole source)

depends onnamed as a risk

We utilize sole source suppliers for certain semiconductor packages and other materials and, in some cases, for the particular semiconductor fabrication process technologies manufactured at that supplier’s facility.Risk factors (Item 1A)

Regulators

U.S. Environmental Protection Agency

subject tonamed as a risk

The U.S. Environmental Protection Agency has alleged that the Omega Site failed to properly treat and dispose of certain hazardous waste material.Risk factors (Item 1A)

Also named by AAON, AAP, ALSN, AMRC, APA, APD, APG, AROC and 78 more

Bureau of Industry and Security (BIS)

subject tonamed as a risk

For example, in October 2022 and 2023, the BIS introduced restrictions related to semiconductor manufacturing, supercomputer and advanced computing items and end-uses, which restrict or prohibit the ability to sell, ship and support certain equipment and services to China.Risk factors (Item 1A)

Also named by AAOI, AMD, APH, CRWV, EXTR, GLW, GTLB, LITE and 5 more

Laws and programs

Export Administration Regulations

subject tonamed as a risk

Most of our products are subject to the Export Administration Regulations, administered by the U.S. Department of Commerce, Bureau of Industry and Security (“BIS”).Business (Item 1)

Also named by ADI, ALAB, AMD, APP, ARW, AVGO, CARR, CDRE and 40 more

International Traffic in Arms Regulations (ITAR)

subject tonamed as a risk

Other products are subject to the International Traffic in Arms Regulations, which restrict the export of information and material that may be used for military or intelligence applications by a foreign person.Risk factors (Item 1A)

Also named by ACHR, ADI, AIR, ALSN, APH, AVAV, CDRE, CLS and 29 more

China rare earth export controls

subject tonamed as a risk

In response, many of those trading partners, including China, have imposed or proposed new or higher tariffs on American products and export controls related to China’s rare earth metals.Risk factors (Item 1A)

Also named by CDNS, KLAC, OSK, RMD

Federal Acquisition Regulations

subject tonamed as a risk

As a U.S. government contractor or subcontractor, we may be subject to federal contracting regulations, including the Federal Acquisition Regulations, which govern, among other things, the allowability of costs incurred by us in the performance of U.S. government contracts.Risk factors (Item 1A)

Also named by ADI, AVAV, IEX, KTOS

CHIPS Act

subject tonamed as a risk

Further, the U.S. Government Administration may reverse or modify the terms of the CHIPS Act and associated funding provisions and opportunities contained therein and resulting therefrom, potentially freezing or retracting the provision of government funding under the CHIPS Act and impacting our ability to execute our strategic investment plan and to negotiate and finalize a definitive agreement with and receive funding from the Federal and State governments.Risk factors (Item 1A)

Also named by INTC, MPWR, MU

EU RoHS and WEEE Directives

subject tonamed as a risk

Various countries require companies selling a broad range of electrical equipment to conform to regulations such as the Waste Electrical and Electronic Equipment (“WEEE”) and the European Directive on Restriction of Hazardous Substances (“RoHS”).Risk factors (Item 1A)

Also named by P

EU Dual-Use Regulation (EU) No. 2021/821

subject tonamed as a risk

Certain of our products and technology require an export license under the EU Regulation before we can export them to specified countries.Business (Item 1)

U.S. Department of Defense Trusted Foundry

subject to

Our Lowell, Massachusetts fabrication facility has been accredited by the United States Department of Defense with “Trusted Foundry” status, a designation conferred on microelectronics vendors exhibiting the highest levels of process integrity and protection.Business (Item 1)