MACOM Technology Solutions (MTSI) vs ON Semiconductor (ON)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
MACOM Technology Solutions (MTSI) has outperformed ON Semiconductor (ON) over the past year, gaining 162.5% versus a gain of 71.3%. Over five years, MTSI leads with a +422.5% price change compared with +90.4% for ON. ON Semiconductor is the larger company by market cap ($30.92 billion vs $24.61 billion), about 1.3 times the size, while MACOM Technology Solutions is growing revenue faster (+32.6% vs -15.3%).
On valuation, ON Semiconductor trades at a lower forward P/E (17.5x vs 38.0x for MACOM Technology Solutions). ON Semiconductor converts more of its revenue into profit, with a net margin of 2.0% versus -5.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | MTSI | ON |
|---|---|---|
| Share price | $322.21 | $79.41 |
| Market cap | $24.61B | $30.92B |
| 1-day change | -4.08% | -3.76% |
| YTD return | +96.12% | +52.37% |
| 1-year return | +162.49% | +71.29% |
| 5-year return | +422.49% | +90.42% |
| P/E ratio (TTM) | 102.61 | 51.23 |
| Forward P/E | 37.95 | 17.53 |
| EPS (TTM) | $3.14 | $1.55 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $967.26M | $6.00B |
| Revenue growth (YoY) | +32.58% | -15.35% |
| Net income (latest FY) | $-54.21M | $121.00M |
| Gross margin | 54.69% | 33.09% |
| Operating margin | 13.40% | 1.40% |
| Net margin | -5.60% | 2.02% |
| 52-week high | $418.90 | $134.92 |
| 52-week low | $121.97 | $44.56 |
| Distance from 52-week high | -23.08% | -41.14% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +22.69% | +31.55% |
| Average volume | 1.36M | 10.01M |
| Shares outstanding | 76.37M | 389.32M |
| Employees | 2,000 | 22,600 |
| Sector | Technology | Technology |
| Industry | Semiconductors | Semiconductors |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- MTSI has outperformed ON by 91.2 percentage points over the past year.
- MACOM Technology Solutions trades at a higher earnings multiple (102.6x vs 51.2x trailing P/E).
- ON Semiconductor is more profitable, keeping 2.0 cents of every revenue dollar as net income versus -5.6 cents for MACOM Technology Solutions.
- MACOM Technology Solutions grew revenue faster in its latest fiscal year (+32.58% vs -15.35%).
About MACOM Technology Solutions
MTSI stock →MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems.
Technology · Semiconductors · 2,000 employees
About ON Semiconductor
ON stock →ON Semiconductor Corporation provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally. It operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group.
Technology · Semiconductors · 22,600 employees
MTSI vs ON FAQ
Which is bigger, MACOM Technology Solutions or ON Semiconductor?
ON Semiconductor (ON) is larger, with a market capitalization of $30.92B compared with $24.61B for MACOM Technology Solutions (MTSI).
Which stock has performed better over the past year, MTSI or ON?
MTSI returned +162.49% over the past 12 months, compared with +71.29% for ON (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, MTSI or ON?
ON has the lower trailing P/E at 51.2, versus 102.6 for MTSI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are MACOM Technology Solutions and ON Semiconductor in the same industry?
Yes. Both are classified in the Semiconductors industry within the Technology sector.