MaxLinear (MXL)
Designs communication chips for broadband, data-center, wireless infrastructure and industrial systems.
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Sells integrated RF, analog and digital chips for broadband gateways, home connectivity, data-center optics, wireless infrastructure and industrial systems. Revenue comes from chips sold to distributors, module makers and equipment manufacturers, while outsourced fabrication and a concentrated customer base shape the business.
Designs RF, analog, mixed-signal and digital communication chips for broadband access, connectivity, mobile and wireline infrastructure, data centers, and industrial markets. The portfolio spans DOCSIS, fiber and DSL gateway silicon; Wi-Fi, Ethernet and MoCA connectivity; optical DSPs for data-center interconnects; 5G radio and wireless-backhaul components; and interface, power-management and storage-acceleration products. Customers include distributors, module makers and equipment manufacturers worldwide, with most shipments routed to Asia.
Combines signal-processing algorithms, embedded software and analog front ends into integrated systems-on-chip, helping reduce component count, power use and customer design work. Operates without fabrication plants, relying mainly on TSMC and UMC for wafers and outside contractors for assembly and testing; a small group of customers accounts for most revenue.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Morgan Stanley | Target | Target: — | Target: $125 |
| Jul 24, 2026 | Susquehanna | Reiterate | Rating: —Target: $30 | Target: $80 |
| Jul 24, 2026 | Stifel Nicolaus | Target | Target: $110 | Target: $120 |
| Jul 24, 2026 | Needham | Reiterate | Rating: —Target: $60 | Target: $100 |
| Jul 23, 2026 | Roth Capital | Reiterate | Rating: —Target: $60 | Target: $100 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $64.8M · Total debt $139.4M · Total assets $822.6M · Shareholders' equity $484.8M
- Revenue
- $168.8M
- Operating income
- −$4.2M
- Net income
- $1.8M
No dividends on record.
| Institutions | ≈ 80.58% | 73.08M shares | |
|---|---|---|---|
| 460 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.52% | 5.91M shares | |
| 13 holders · as of Sep 1, 2026 | |||
| Other | ≈ 12.90% | 11.70M shares | |
| remainder | |||
90.69M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.11% | 13.70M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.63% | 6.92M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.77% | 4.33M | as of Jun 30, 2026 |
Kishore V. Seendripu, Ph.D.Insider | 4.41% | 4.00M | filed Feb 10, 2022 |
Vanguard Capital Management LLCInstitution | 4.22% | 3.82M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Kishore Seendripu | director, 10 percent owner, officer: Chairman, President and CEO | −351,454 | $85.95 |
| Aug 14, 2026 | Kishore Seendripu | director, 10 percent owner, officer: Chairman, President and CEO | −240,000 | $84.28 |
| May 26, 2026 | Thomas E. Pardun | director | −11,000 | $105.00 |
| May 8, 2026 | Connie H. Kwong | officer: Corporate Controller & PAO | −35,000 | $96.96 |
| May 4, 2026 | Daniel A. Artusi | director | −10,500 | $78.64 |
- Broadcom
Dominant in PAM4 optical DSPs, DOCSIS cable SoCs, and Wi-Fi silicon.
- Marvell Technology
Second-largest PAM4 DSP maker with Ara 3nm 1.6T and 5G RAN silicon.
- Credo Technology Group
Fast-growing rival in PAM4 optical DSPs, AECs, and PCIe retimers.
- Qualcomm
Competes in Wi-Fi 7 connectivity silicon and 5G RAN baseband chipsets.
- Texas Instruments
Broad rival in power management and interface ICs overlapping Exar lines.
- Analog Devices
Mixed-signal and power management IC rival in industrial and comms segments.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| MaxLinear | $85.69 | −0.34% | $7.80B | — | 35.4 | 13.7 | +55.2% |
| Broadcom | $364.12 | +0.40% | $1.73T | 46.3 | 21.0 | 19.4 | +85.5% |
| Marvell Technology | $262.58 | +2.02% | $225.40B | 85.3 | 48.0 | 23.9 | +36.6% |
| Credo Technology Group | $193.01 | +3.06% | $34.92B | 66.6 | 26.5 | 21.9 | +114.7% |
| Qualcomm | $194.72 | +0.25% | $203.94B | 22.2 | 21.0 | 4.6 | −4.0% |
| Texas Instruments | $270.84 | −0.01% | $247.37B | 41.2 | 28.5 | 12.7 | +22.8% |
| Analog Devices | $387.07 | +1.06% | $186.55B | 45.4 | 24.1 | 13.4 | +39.6% |
| Median | 45.9 | 25.3 | 16.4 | +38.1% |







