{"id":2657,"date":"2026-04-14T16:04:21","date_gmt":"2026-04-14T16:04:21","guid":{"rendered":"https:\/\/tetsu811.com\/photonic-ic-macom\/"},"modified":"2026-04-14T16:04:21","modified_gmt":"2026-04-14T16:04:21","slug":"photonic-ic-macom","status":"publish","type":"post","link":"https:\/\/tetsu811.com\/ja\/photonic-ic-macom\/","title":{"rendered":"MACOM \u6df1\u5ea6\u89e3\u6790 \u2014 LPO \u9ad8\u901f\u985e\u6bd4\u5149\u5b50\u534a\u5c0e\u9ad4"},"content":{"rendered":"<style>:root{--bg:#0e1117;--card:#161b22;--accent:#58a6ff;--accent2:#1f6feb;--text:#e4e6eb;--text2:#8b949e;--border:#30363d;--green:#3fb950;--red:#f85149;--yellow:#d29922}*{margin:0;padding:0;box-sizing:border-box}body{background:var(--bg)!important;color:var(--text);font-family:-apple-system,BlinkMacSystemFont,\"Segoe UI\",Helvetica,Arial,sans-serif;line-height:1.7}.entry-content{background:var(--bg)!important}.container{max-width:900px;margin:0 auto;padding:2rem;background:var(--bg);border-radius:14px}.breadcrumb{font-size:.85rem;color:var(--text2);margin-bottom:1.5rem}.breadcrumb a{color:var(--accent);text-decoration:none}h1{font-size:2.2rem;font-weight:700;color:#fff;margin-bottom:.5rem;display:flex;align-items:center;flex-wrap:wrap;gap:.8rem}.ticker-badge{font-size:.95rem;font-weight:500;background:var(--accent2);color:#fff;padding:3px 14px;border-radius:20px;white-space:nowrap}.subtitle{color:var(--text2);font-size:1rem;margin-bottom:1.5rem}.disclaimer{font-size:.8rem;color:var(--yellow);background:rgba(210,153,34,.1);border:1px solid rgba(210,153,34,.25);padding:.7rem 1rem;border-radius:8px;margin-bottom:2rem}article,aside{margin-bottom:2.5rem}h2{font-size:1.45rem;color:#fff;margin-bottom:1rem;padding-bottom:.5rem;border-bottom:1px solid var(--border)}h3{font-size:1.15rem;color:var(--accent);margin:1.2rem 0 .5rem}p{margin-bottom:1rem;color:var(--text)}.metrics-grid{display:grid;grid-template-columns:repeat(auto-fit,minmax(170px,1fr));gap:1rem;margin:1.5rem 0}.metric{background:var(--card);border:1px solid var(--border);border-radius:10px;padding:1.2rem;text-align:center}.metric .value{font-size:1.6rem;font-weight:700;color:var(--accent)}.metric .label{font-size:.8rem;color:var(--text2);margin-top:.3rem}.why-box{background:var(--card);border-left:4px solid var(--accent);padding:1.2rem 1.5rem;border-radius:0 10px 10px 0;margin:1rem 0}ul{margin:.5rem 0 1rem 1.5rem;color:var(--text)}li{margin-bottom:.4rem}.bull-bear{display:grid;grid-template-columns:1fr 1fr;gap:1.5rem;margin:1rem 0}.bull,.bear{background:var(--card);padding:1.2rem;border-radius:10px}.bull{border-top:3px solid var(--green)}.bear{border-top:3px solid var(--red)}.bull h4{color:var(--green)}.bear h4{color:var(--red)}table{width:100%;border-collapse:collapse;margin:1rem 0;font-size:.9rem}th,td{padding:.7rem 1rem;text-align:left;border-bottom:1px solid var(--border)}th{background:var(--card);color:var(--accent);font-weight:600}.related-articles{display:flex;flex-direction:column;gap:.5rem}.related-articles a{color:var(--accent);text-decoration:none;padding:.5rem .8rem;background:var(--card);border-radius:6px;border:1px solid var(--border)}.related-articles a:hover{border-color:var(--accent)}.footer{font-size:.75rem;color:var(--text2);border-top:1px solid var(--border);padding-top:1rem;margin-top:2rem}@media(max-width:600px){.bull-bear{grid-template-columns:1fr}.metrics-grid{grid-template-columns:1fr 1fr}h1{font-size:1.5rem}}<\/style>\n<div class=\"container\">\n<nav class=\"breadcrumb\"><a href=\"\/ja\/photonic-ic-industry-2026\/\">\u5149\u5b50 IC \u7522\u696d\u7e3d\u89bd<\/a> &rsaquo; MACOM<\/nav>\n<h1>MACOM<span class=\"ticker-badge\">NASDAQ: MTSI<\/span><\/h1>\n<p class=\"subtitle\">LPO \u9ad8\u901f\u985e\u6bd4\u5149\u5b50 \u00b7 \u7522\u696d\u4f4d\u7f6e\uff1aStage 4 \u5143\u4ef6<\/p>\n<div class=\"disclaimer\"><strong>\u514d\u8cac\u8072\u660e\uff1a<\/strong>\u672c\u6587\u50c5\u4f9b\u7814\u7a76\u53c3\u8003\uff0c\u4e0d\u69cb\u6210\u6295\u8cc7\u5efa\u8b70\u3002<\/div>\n<article>\n<h2>\u516c\u53f8\u6982\u89c0<\/h2>\n<p>MACOM Technology \u5c08\u7cbe\u9ad8\u901f\u985e\u6bd4\u3001\u5fae\u6ce2\u3001\u5149\u5b50\u534a\u5c0e\u9ad4\u3002\u4e3b\u63a8 LPO\uff08\u7dda\u6027\u9a45\u52d5\uff09\u6280\u8853\uff0c\u7121\u9700\u50b3\u7d71 DSP \u6676\u7247\u5373\u53ef\u9a45\u52d5\u5149\u6a21\u7d44\uff0c\u53ef\u964d\u4f4e\u529f\u8017\u548c\u6210\u672c\u3002\u540c\u6642\u88fd\u9020 InP \u96f7\u5c04\u548c\u5149\u5075\u6e2c\u5668\u3002FQ1 2026 \u71df\u6536 $2.72 \u5104\uff08+24.5% YoY\uff09\uff0c\u8cc7\u6599\u4e2d\u5fc3\u71df\u6536\u4f54 30%\u3002<\/p>\n<div class=\"metrics-grid\">\n<div class=\"metric\">\n<div class=\"value\">$229<\/div>\n<div class=\"label\">\u80a1\u50f9<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">$18.3B<\/div>\n<div class=\"label\">\u5e02\u503c<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">57%<\/div>\n<div class=\"label\">\u6bdb\u5229\u7387<\/div>\n<\/div>\n<div class=\"metric\">\n<div class=\"value\">LPO<\/div>\n<div class=\"label\">\u985b\u8986\u6027\u6280\u8853<\/div>\n<\/div>\n<\/div>\n<\/article>\n<article>\n<h2>\u5c0f\u767d\u7248\uff1aMACOM \u5728\u505a\u4ec0\u9ebc\uff1f<\/h2>\n<div class=\"why-box\"><strong>\u751f\u6d3b\u6bd4\u55bb\uff1a<\/strong>\u50b3\u7d71\u5149\u6a21\u7d44\u9700\u8981\u4e00\u500b\u300c\u7ffb\u8b6f\u5b98\u300d\uff08DSP \u6676\u7247\uff09\u628a\u96fb\u5b50\u8a0a\u865f\u8f49\u6210\u5149\u8a0a\u865f\uff0c\u904e\u7a0b\u8907\u96dc\u53c8\u8017\u96fb\u3002MACOM \u7684 LPO \u6280\u8853\u5c31\u50cf\u300c\u5373\u6642\u53e3\u8b6f\u300d\u2014\u2014\u4e0d\u9700\u8981\u7ffb\u8b6f\u5b98\uff0c\u76f4\u63a5\u7528\u66f4\u7c21\u55ae\u7684\u96fb\u8def\u9a45\u52d5\u96f7\u5c04\u3002\u9019\u6a23\u5149\u6a21\u7d44\u66f4\u4fbf\u5b9c\u3001\u66f4\u7701\u96fb\uff0c\u5c0d\u8b1b\u6c42\u6548\u7387\u7684 AI \u8cc7\u6599\u4e2d\u5fc3\u5f88\u6709\u5438\u5f15\u529b\u3002<\/div>\n<\/article>\n<article>\n<h2>\u6295\u8cc7\u8ad6\u9ede Bull vs Bear<\/h2>\n<div class=\"bull-bear\">\n<div class=\"bull\">\n<h4>\u591a\u65b9\u8ad6\u9ede<\/h4>\n<ul>\n<li>LPO \u6280\u8853\u53ef\u80fd\u985b\u8986\u50b3\u7d71 DSP \u67b6\u69cb<\/li>\n<li>\u6240\u6709\u4e3b\u8981\u5149\u6a21\u7d44\u5ee0\u5546\u90fd\u6709 design win<\/li>\n<li>\u71df\u6536 +24.5% YoY \u6210\u9577\u7a69\u5065<\/li>\n<li>3.2T\/1.6T \u65b9\u6848 OFC 2026 \u5c55\u51fa<\/li>\n<\/ul>\n<\/div>\n<div class=\"bear\">\n<h4>\u7a7a\u65b9\u8ad6\u9ede<\/h4>\n<ul>\n<li>Fwd PE ~41x\uff0c\u4f30\u503c\u504f\u9ad8<\/li>\n<li>\u570b\u9632\/\u5de5\u696d\u4f54 70% \u6709\u9031\u671f\u98a8\u96aa<\/li>\n<li>\u6de8\u5229\u7387\u4ecd\u70ba\u8ca0<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/article>\n<aside>\n<h2>\u76f8\u95dc\u95b1\u8b80<\/h2>\n<div class=\"related-articles\"><a href=\"\/ja\/photonic-ic-mrvl\/\">Marvell \u2014 DSP \u7af6\u722d\u5c0d\u624b<\/a><a href=\"\/ja\/photonic-ic-avgo\/\">Broadcom \u2014 DSP \u7af6\u722d\u5c0d\u624b<\/a><a href=\"\/ja\/photonic-ic-win\/\">\u7a69\u61cb \u2014 GaAs \u4ee3\u5de5\u5925\u4f34<\/a><a href=\"\/ja\/photonic-ic-industry-2026\/\">\u5149\u5b50 IC \u7522\u696d\u7e3d\u89bd<\/a><\/div>\n<\/aside>\n<div class=\"footer\">\u8cc7\u6599\u4f86\u6e90\uff1aMACOM \u8ca1\u5831\u3001OFC 2026\u3001Seeking Alpha\u3002<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>MACOM\uff08NASDAQ: MTSI\uff09\u4e3b\u63a8 LPO \u7dda\u6027\u9a45\u52d5\u6280\u8853\uff0c\u7121\u9700 DSP\uff0c\u985b\u8986\u50b3\u7d71\u67b6\u69cb\u3002<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_gspb_post_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-2657","post","type-post","status-publish","format-standard","hentry","category-photonic-ic"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts\/2657","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/comments?post=2657"}],"version-history":[{"count":0,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/posts\/2657\/revisions"}],"wp:attachment":[{"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/media?parent=2657"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/categories?post=2657"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tetsu811.com\/ja\/wp-json\/wp\/v2\/tags?post=2657"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}