New York, Jan 12, 2026, 13:19 ET — Regular session
- MACOM shares jumped roughly 11% by midday, reaching a session peak close to $194.45
- Former Broadcom wireless semiconductor chief Bryan Ingram has been appointed to the company’s board
- Attention shifts to the upcoming results for fresh insights on demand and margins
Shares of MACOM Technology Solutions Holdings Inc (MTSI.O) jumped roughly 11% on Monday, building on a strong rally that started early after the chipmaker announced the addition of former Broadcom executive Bryan Ingram to its board. The stock last traded up $19.24 at $194.10, hitting a session high of $194.45.
This shift is significant mainly because MACOM approaches its upcoming earnings report amid investor jitters over spending trends in telecom and data centers. Board changes rarely move the stock on their own, yet this one coincided with a day when semiconductor stocks were already attracting attention.
Ingram’s resume reads like a blueprint for the supply-chain and wireless sectors investors have been pressing about. It also introduces a new figure as MACOM ramps up chip production for markets that can pivot fast when budgets change.
A filing on Monday revealed that MACOM has named Bryan Ingram as an independent director, confirming he is outside of management. The company plans to put him up for re-election at the 2026 annual meeting. CEO Stephen G. Daly said, “I am delighted to welcome Bryan to our Board of Directors.” Ingram added, “I look forward to joining the Board.” The filing also noted Ingram’s past leadership of Broadcom’s wireless semiconductor unit and his tenure as chief operating officer at Avago. Currently, he serves on boards such as Penguin Solutions, a company focused on AI and high-performance computing systems. (MACOM)
The broader market held steady. The iShares Semiconductor ETF gained around 0.7%, the Invesco QQQ, which tracks the Nasdaq 100, ticked up about 0.2%, and the SPDR S&P 500 ETF nudged slightly higher.
MACOM, based in Lowell, Massachusetts, develops and manufactures semiconductors for industrial, defense, data center, and telecom sectors. In its November earnings report, the company posted adjusted EPS of $0.94. It also projected fiscal Q1 revenue between $265 million and $273 million, with adjusted EPS ranging from $0.98 to $1.02—“adjusted” here excludes certain non-core items. (MACOM)
Investors will focus on whether management stays near that range when updating results and outlook, and if any remarks hint at shifts in data center optics or telecom spending. The new board appointment adds a governance angle, but it’s the upcoming numbers that usually drive attention.
The risk is clear: a sharp one-day surge can quickly vanish if the future outlook disappoints or if buyers delay their orders. Semiconductor stocks have a history of sharp drops when demand cues shift.
The upcoming key event is MACOM’s next quarterly earnings report. MarketBeat’s calendar lists the release for Feb. 5, ahead of the U.S. market open, with analysts forecasting about $0.99 per share on roughly $269 million in revenue. (Marketbeat)
