MaxLinear, Inc. logo

MaxLinear, Inc.

MXL

NASDAQTechnologySemiconductors

Previous close

$66.61

+$1.33 · +2.04%

Aug 21, 4:00 PM ET

MXL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

45

Fair Value

Momentum

53

Neutral

Sentiment

47

Mixed

Risk resilience

23

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

MaxLinear, Inc. provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management. Its products are used in various electronic devices, such as radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; optical transceivers; wi-fi and wireline routers for home networking; broadband modems compliant with data over cable service interface specifications, passive optical fiber standards, and digital subscriber line, as well as power management and interface products. It serves electronics distributors, module makers, original equipment manufacturers, and original design manufacturers through a direct sales force, third-party sales representatives, and a network of distributors. The company has a strategic collaboration with Edgecore Networks Corporation for the development network infrastructure for enterprise and SMB applications. MaxLinear, Inc. has strategic partnership with GCT Semiconductor Holding, Inc. to develop 5G fixed wireless access (FWA) gateways and converged gateways for consumer and enterprise applications. The company was incorporated in 2003 and is headquartered in Carlsbad, California. The company was incorporated in 2003 and is headquartered in Carlsbad, California.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Kishore Seendripu
Listed since
Mar 24, 2010
Employees
1,115

Market position

Day range

Current $66.61

52-week range

Current $66.61

Open
$67.28
Previous close
$65.28
Volume
2.09M
0.44× average
Average volume
4.78M
Average daily volume
Market cap
6.04B USD
Beta
3.98
Market reference 1
50-day average
$81.8498
-18.62% below average
200-day average
$45.086
+47.74% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
1.59B USD
P/E (TTM)
-55.97×
P/B (TTM)
12.2×
P/S (TTM)
10.62×
EV / EBITDA
-27.28×
Earnings yield
-9.06%
Free cash flow yield
0.47%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
57.42%
Operating margin
-11.57%
Net margin
-18.24%
Return on equity
-30.25%
Return on assets
-17.16%
Return on invested capital
-19.87%

Financial health

Debt / equity
0.29×
Current ratio
1.34×
Altman Z-score
10.38
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends69%19%-31%-81%Gross margin, FY2021: 52.91%Gross margin, FY2022: 56.93%Gross margin, FY2023: 55.21%Gross margin, FY2024: 53.37%Gross margin, FY2025: 56.84%Operating margin, FY2021: 7.56%Operating margin, FY2022: 16.54%Operating margin, FY2023: -2.31%Operating margin, FY2024: -46.80%Operating margin, FY2025: -27.13%Net margin, FY2021: 4.70%Net margin, FY2022: 11.16%Net margin, FY2023: -10.55%Net margin, FY2024: -68.01%Net margin, FY2025: -29.23%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 52.91%. Gross margin FY2022 56.93%. Gross margin FY2023 55.21%. Gross margin FY2024 53.37%. Gross margin FY2025 56.84%. Operating margin FY2021 7.56%. Operating margin FY2022 16.54%. Operating margin FY2023 -2.31%. Operating margin FY2024 -46.80%. Operating margin FY2025 -27.13%. Net margin FY2021 4.70%. Net margin FY2022 11.16%. Net margin FY2023 -10.55%. Net margin FY2024 -68.01%. Net margin FY2025 -29.23%.

Income trends

Revenue

467.64M USD+29.71%

Operating income

−126.89M USD+24.80%

Net income

−136.68M USD+44.26%
Income trends across reported periods1.26B USD710.62M USD164.44M USD−381.74M USDRevenue, FY2021: 892.4M USDRevenue, FY2022: 1.12B USDRevenue, FY2023: 693.26M USDRevenue, FY2024: 360.53M USDRevenue, FY2025: 467.64M USDOperating income, FY2021: 67.45M USDOperating income, FY2022: 185.32M USDOperating income, FY2023: −16M USDOperating income, FY2024: −168.74M USDOperating income, FY2025: −126.89M USDNet income, FY2021: 41.97M USDNet income, FY2022: 125.04M USDNet income, FY2023: −73.15M USDNet income, FY2024: −245.2M USDNet income, FY2025: −136.68M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 892.4M USD. Revenue FY2022 1.12B USD. Revenue FY2023 693.26M USD. Revenue FY2024 360.53M USD. Revenue FY2025 467.64M USD. Operating income FY2021 67.45M USD. Operating income FY2022 185.32M USD. Operating income FY2023 −16M USD. Operating income FY2024 −168.74M USD. Operating income FY2025 −126.89M USD. Net income FY2021 41.97M USD. Net income FY2022 125.04M USD. Net income FY2023 −73.15M USD. Net income FY2024 −245.2M USD. Net income FY2025 −136.68M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue467.64M USD360.53M USD693.26M USD1.12B USD892.4M USD
Cost of goods sold201.83M USD168.11M USD310.48M USD482.44M USD420.2M USD
Gross profit265.81M USD192.42M USD382.78M USD637.81M USD472.2M USD
Research and development208.6M USD225.19M USD269.5M USD296.44M USD278.44M USD
Selling, general, and administrative159.58M USD135.96M USD129.28M USD156.05M USD126.32M USD
Operating expenses392.7M USD361.15M USD398.78M USD452.49M USD404.75M USD
Interest income3.39M USD6.39M USD6.05M USD245K USD78K USD
Interest expense10.06M USD10.87M USD10.7M USD9.77M USD13M USD
Depreciation and amortization43.99M USD46.15M USD62.64M USD71.9M USD84.41M USD
Operating income−126.89M USD−168.74M USD−16M USD185.32M USD67.45M USD
Net income−136.68M USD−245.2M USD−73.15M USD125.04M USD41.97M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 3 misses, 2 met estimates
Average EPS surprise
+6.14%
11 comparable reports
Latest EPS result
0.35
Estimate 0.33 · Beat by 6.29%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.620.350.08-0.19Q1 '25BeatQ2 '25MetQ3 '25MetQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual -0.09, estimate -0.13, surprise +30.77%, Beat. Q2 2025, reported Apr 23, 2025: actual -0.05, estimate -0.05, surprise 0.00%, Met estimate. Q3 2025, reported Jul 23, 2025: actual 0.02, estimate 0.02, surprise 0.00%, Met estimate. Q4 2025, reported Oct 23, 2025: actual 0.14, estimate 0.12, surprise +16.67%, Beat. Q1 2026, reported Jan 29, 2026: actual 0.19, estimate 0.18, surprise +5.56%, Beat. Q2 2026, reported Apr 23, 2026: actual 0.22, estimate 0.18, surprise +22.22%, Beat. Q3 2026, reported Jul 23, 2026: actual 0.35, estimate 0.329, surprise +6.29%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 0.56, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates225.05M176.7M128.35M80MQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Jan 29, 2025: actual 92.17M USD, estimate 90M USD, surprise +2.41%, Beat. Q2 2025, reported Apr 23, 2025: actual 95.93M USD, estimate 103.9M USD, surprise -7.67%, Miss. Q3 2025, reported Jul 23, 2025: actual 108.81M USD, estimate 117.13M USD, surprise -7.10%, Miss. Q4 2025, reported Oct 23, 2025: actual 126.46M USD, estimate 134.59M USD, surprise -6.04%, Miss. Q1 2026, reported Jan 29, 2026: actual 136.44M USD, estimate 134.82M USD, surprise +1.20%, Beat. Q2 2026, reported Apr 23, 2026: actual 137.19M USD, estimate 134.56M USD, surprise +1.95%, Beat. Q3 2026, reported Jul 23, 2026: actual 168.85M USD, estimate 164.64M USD, surprise +2.56%, Beat. Q4 2026, reported Oct 22, 2026: actual —, estimate 215.05M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$87.50

31.36% upside
Past 12 months12-month forecastHigh $120Average $87.50Low $40.00

Rating distribution

17 ratings
Strong buy00%
Buy1165%
Hold635%
Sell00%
Strong sell00%

Recent analyst actions

11 institutions
Roth CapitalmaintainBuy

MXL news

MXL peers

ETFs holding MXL

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research MXL

research.disclaimer