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Side-by-side financial comparison of ARM HOLDINGS PLC (ARM) and MACOM Technology Solutions Holdings, Inc. (MTSI). Click either name above to swap in a different company.
ARM HOLDINGS PLC is the larger business by last-quarter revenue ($1.2B vs $289.0M, roughly 4.3× MACOM Technology Solutions Holdings, Inc.). ARM HOLDINGS PLC runs the higher net margin — 18.0% vs 16.0%, a 1.9% gap on every dollar of revenue. On growth, ARM HOLDINGS PLC posted the faster year-over-year revenue change (26.3% vs 22.5%). Over the past eight quarters, ARM HOLDINGS PLC's revenue compounded faster (24.1% CAGR vs 23.2%).
Arm Holdings plc is a British semiconductor and software design company headquartered in Cambridge, UK. It designs the Arm CPU architecture and licenses its processor designs and related intellectual property to chipmakers and device manufacturers worldwide. Arm-based chips power the vast majority of smartphones and an increasing share of laptops, data center servers, and embedded devices. The company listed on Nasdaq in September 2023 and remains majority-owned by SoftBank.
MACOM Technology Solutions, Inc. is an American developer and producer of radio, microwave, and millimeter wave semiconductor devices and components. The company is headquartered in Lowell, Massachusetts, and in 2005 was Lowell's largest private employer. MACOM is certified to the ISO 9001 international quality standard and ISO 14001 environmental standard. The company has design centers and sales offices in North America, Europe, Asia and Australia.
ARM vs MTSI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $289.0M |
| Net Profit | $223.0M | $46.3M |
| Gross Margin | 97.6% | 56.9% |
| Operating Margin | 14.9% | 17.6% |
| Net Margin | 18.0% | 16.0% |
| Revenue YoY | 26.3% | 22.5% |
| Net Profit YoY | -11.5% | 46.3% |
| EPS (diluted) | $0.21 | $0.60 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q2 26 | — | $289.0M | ||
| Q1 26 | — | $271.6M | ||
| Q4 25 | $1.2B | $261.2M | ||
| Q3 25 | $1.1B | $252.1M | ||
| Q2 25 | $1.1B | $235.9M | ||
| Q1 25 | — | $218.1M | ||
| Q4 24 | $983.0M | — | ||
| Q3 24 | $844.0M | $200.7M |
| Q2 26 | — | $46.3M | ||
| Q1 26 | — | $48.8M | ||
| Q4 25 | $223.0M | $45.1M | ||
| Q3 25 | $238.0M | $36.5M | ||
| Q2 25 | $130.0M | $31.7M | ||
| Q1 25 | — | $-167.5M | ||
| Q4 24 | $252.0M | — | ||
| Q3 24 | $107.0M | $29.4M |
| Q2 26 | — | 56.9% | ||
| Q1 26 | — | 55.9% | ||
| Q4 25 | 97.6% | 54.5% | ||
| Q3 25 | 97.4% | 55.3% | ||
| Q2 25 | 97.2% | 55.2% | ||
| Q1 25 | — | 53.7% | ||
| Q4 24 | 97.2% | — | ||
| Q3 24 | 96.2% | 54.7% |
| Q2 26 | — | 17.6% | ||
| Q1 26 | — | 15.9% | ||
| Q4 25 | 14.9% | 15.2% | ||
| Q3 25 | 14.4% | 14.9% | ||
| Q2 25 | 10.8% | 14.8% | ||
| Q1 25 | — | 8.0% | ||
| Q4 24 | 17.8% | — | ||
| Q3 24 | 7.6% | 13.7% |
| Q2 26 | — | 16.0% | ||
| Q1 26 | — | 18.0% | ||
| Q4 25 | 18.0% | 17.3% | ||
| Q3 25 | 21.0% | 14.5% | ||
| Q2 25 | 12.3% | 13.4% | ||
| Q1 25 | — | -76.8% | ||
| Q4 24 | 25.6% | — | ||
| Q3 24 | 12.7% | 14.7% |
| Q2 26 | — | $0.60 | ||
| Q1 26 | — | $0.64 | ||
| Q4 25 | $0.21 | $0.67 | ||
| Q3 25 | $0.22 | $0.48 | ||
| Q2 25 | $0.12 | $0.42 | ||
| Q1 25 | — | $-2.30 | ||
| Q4 24 | $0.24 | — | ||
| Q3 24 | $0.10 | $0.40 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $3.5B | $664.9M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $7.8B | — |
| Total Assets | $10.2B | $2.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $664.9M | ||
| Q1 26 | — | $768.5M | ||
| Q4 25 | $3.5B | $786.0M | ||
| Q3 25 | $3.3B | $735.2M | ||
| Q2 25 | $2.9B | $681.5M | ||
| Q1 25 | — | $656.5M | ||
| Q4 24 | $2.7B | — | ||
| Q3 24 | $2.4B | $581.9M |
| Q2 26 | — | $0 | ||
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — |
| Q2 26 | — | — | ||
| Q1 26 | — | $1.4B | ||
| Q4 25 | $7.8B | $1.3B | ||
| Q3 25 | $7.4B | $1.3B | ||
| Q2 25 | $7.0B | $1.2B | ||
| Q1 25 | — | $1.2B | ||
| Q4 24 | $6.4B | — | ||
| Q3 24 | $6.0B | $1.1B |
| Q2 26 | — | $2.0B | ||
| Q1 26 | — | $2.1B | ||
| Q4 25 | $10.2B | $2.1B | ||
| Q3 25 | $9.7B | $2.0B | ||
| Q2 25 | $9.4B | $1.9B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $8.5B | — | ||
| Q3 24 | $8.1B | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $365.0M | $121.6M |
| Free Cash FlowOCF − Capex | $186.0M | — |
| FCF MarginFCF / Revenue | 15.0% | — |
| Capex IntensityCapex / Revenue | 14.4% | — |
| Cash ConversionOCF / Net Profit | 1.64× | 2.62× |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | — |
8-quarter trend — quarters aligned by calendar period.
| Q2 26 | — | $121.6M | ||
| Q1 26 | — | $42.9M | ||
| Q4 25 | $365.0M | $69.6M | ||
| Q3 25 | $567.0M | $60.4M | ||
| Q2 25 | $332.0M | $38.7M | ||
| Q1 25 | — | $66.7M | ||
| Q4 24 | $423.0M | — | ||
| Q3 24 | $6.0M | $62.3M |
| Q2 26 | — | — | ||
| Q1 26 | — | $30.0M | ||
| Q4 25 | $186.0M | $49.4M | ||
| Q3 25 | $429.0M | $51.6M | ||
| Q2 25 | $178.0M | $30.5M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | $360.0M | — | ||
| Q3 24 | $-47.0M | $57.1M |
| Q2 26 | — | — | ||
| Q1 26 | — | 11.0% | ||
| Q4 25 | 15.0% | 18.9% | ||
| Q3 25 | 37.8% | 20.5% | ||
| Q2 25 | 16.9% | 12.9% | ||
| Q1 25 | — | 28.1% | ||
| Q4 24 | 36.6% | — | ||
| Q3 24 | -5.6% | 28.5% |
| Q2 26 | — | — | ||
| Q1 26 | — | 4.8% | ||
| Q4 25 | 14.4% | 7.7% | ||
| Q3 25 | 12.2% | 3.5% | ||
| Q2 25 | 14.6% | 3.5% | ||
| Q1 25 | — | 2.4% | ||
| Q4 24 | 6.4% | — | ||
| Q3 24 | 6.3% | 2.6% |
| Q2 26 | — | 2.62× | ||
| Q1 26 | — | 0.88× | ||
| Q4 25 | 1.64× | 1.54× | ||
| Q3 25 | 2.38× | 1.65× | ||
| Q2 25 | 2.55× | 1.22× | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.68× | — | ||
| Q3 24 | 0.06× | 2.12× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARM
| Royalty | $737.0M | 59% |
| Transferred Over Time | $294.0M | 24% |
| Transferred At Point In Time | $211.0M | 17% |
MTSI
Segment breakdown not available.
