MXL · NASDAQ · Semiconductors

MaxLinear (MXL)

Designs communication chips for broadband, data-center, wireless infrastructure and industrial systems.

$85.69
vs last close−0.29 (−0.34%)
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MaxLinear, Inc.MXL
Information Technology

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

CEOKishore Seendripu
ListedMar 24, 2010
ExchangeNASDAQ
HeadquartersCarlsbad, CA
CountryUnited States
Employees1,115
CIK0001288469
ISINUS57776J1007

Market cap$7.80B
EPS (ttm)−$1.19
P/E (ttm)−72.25
ROE-22.4%
P/B16.08
P/S13.71
Dividend yieldDiv yield
Beta3.46vs XLK 3.63

Price target$100.00+16.3%Average of 17 analysts
ConsensusBuy11 of 17 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 14, 2026Morgan StanleyTarget
Target:
Target: $125
Jul 24, 2026SusquehannaReiterate
Rating: Target: $30
Rating: NeutralTarget: $80
Jul 24, 2026Stifel NicolausTarget
Target: $110
Target: $120
Jul 24, 2026NeedhamReiterate
Rating: Target: $60
Rating: BuyTarget: $100
Jul 23, 2026Roth CapitalReiterate
Rating: Target: $60
Rating: BuyTarget: $100

Next report
Oct 22, 26
in 30 days
EPS estimate
$0.56
Revenue estimate
$215.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported−$0.09−$0.05$0.02$0.14$0.19$0.22$0.35Pending
Estimate−$0.13−$0.05$0.02$0.12$0.18$0.18$0.33$0.56
Surprise+30.8%0.0%0.0%+16.7%+5.6%+22.2%+6.3%

RevenueReportedEstimate

Jan '25Apr '25Jul '25Oct '25Jan '26Apr '26Jul '26Oct '26
Reported$92.2M$95.9M$108.8M$126.5M$136.4M$137.2M$168.8MPending
Estimate$90.0M$103.9M$117.1M$134.6M$134.8M$134.6M$164.6M$215.0M
Surprise+2.4%−7.7%−7.1%−6.0%+1.2%+2.0%+2.6%
Estimate$0.56
ReportedDue Oct 22, 2026
Estimate$215.0M
ReportedDue Oct 22, 2026
View details

Debt to equity28.70%
Current ratio177.60%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$81.1M$92.2M$95.9M$108.8M$126.5M$136.4M$137.2M$168.8M
Net income−$75.8M−$57.8M−$49.7M−$26.6M−$45.5M−$14.9M−$45.1M$1.8M
Net margin0.0%0.0%0.0%0.0%0.0%0.0%0.0%1.0%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$38.7M−$38.1M−$38.2M−$19.0M−$30.0M−$14.9M−$16.7M−$4.2M
YoY growthLoss widenedLoss widenedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss narrowed

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
View details

No dividends on record.

Institutions≈ 80.58%73.08M shares
460 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders6.52%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

HolderStakeSharesDate
BlackRock, Inc.Institution
15.11%13.70Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
7.63%6.92Mas of Jun 30, 2026
State Street CorpInstitution
4.77%4.33Mas of Jun 30, 2026
Kishore V. Seendripu, Ph.D.Insider
4.41%4.00Mfiled Feb 10, 2022
Vanguard Capital Management LLCInstitution
4.22%3.82Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 17, 2026Kishore Seendripudirector, 10 percent owner, officer: Chairman, President and CEO−351,454$85.95
Aug 14, 2026Kishore Seendripudirector, 10 percent owner, officer: Chairman, President and CEO−240,000$84.28
May 26, 2026Thomas E. Pardundirector−11,000$105.00
May 8, 2026Connie H. Kwongofficer: Corporate Controller & PAO−35,000$96.96
May 4, 2026Daniel A. Artusidirector−10,500$78.64
View details

  • 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

CompanyPriceChange
MaxLinear$85.69−0.34%$7.80B35.413.7+55.2%
Broadcom$364.12+0.40%$1.73T46.321.019.4+85.5%
Marvell Technology$262.58+2.02%$225.40B85.348.023.9+36.6%
Credo Technology Group$193.01+3.06%$34.92B66.626.521.9+114.7%
Qualcomm$194.72+0.25%$203.94B22.221.04.6−4.0%
Texas Instruments$270.84−0.01%$247.37B41.228.512.7+22.8%
Analog Devices$387.07+1.06%$186.55B45.424.113.4+39.6%
Median45.925.316.4+38.1%