MaxLinear, Inc. (MXL) AI Stock Analysis

MaxLinear, Inc. specializes in providing advanced communications systems-on-chip solutions for connected home, wired and wireless infrastructure, and industrial applications. Its integrated portfolio incorporates radiofrequency technology, high-performance analog circuits, mixed-signal processing, digital signal processing algorithms, security engines, data compression, networking layers, and power management. Key end products include cable DOCSIS, fiber, and DSL modems, broadband gateways, Wi-Fi routers, and wireline networking devices. The company also provides radio transceivers and modems for 4G/5G base-station infrastructure and optical transport modules for data centers and metro networks, selling to electronics distributors, module makers, OEMs, and ODMs.

MaxLinear's annual revenue rose from $892.4M in FY2021 to $1.12B in FY2022, before dropping to $693.3M in FY2023 and $360.5M in FY2024. In FY2025, revenue rebounded 29.7% to $467.6M, while net income was -$136.7M and operating margin was -27.1%. Across the five years from FY2020 to FY2025, revenue experienced a CAGR of -0.5%. Gross margin stood at 56.8% in FY2025, compared to 52.9% in FY2021. For the trailing twelve months, revenue totaled $568.9M with an operating margin of -2.4%. In the quarter ending June 30, 2026, revenue increased 55.2% year-over-year, while quarterly earnings declined 71.4%.

As of June 30, 2026, MaxLinear held $64.8M in cash and short-term investments against total debt of $139.4M, resulting in net debt of $74.6M. Total assets were $822.6M and shareholders' equity was $484.8M, producing a debt-to-equity ratio of 0.29 and a current ratio of 1.78. In FY2025, operating cash flow was $19.6M and free cash flow was $7.0M. During that fiscal year, capital expenditures totaled $12.6M and share buybacks totaled $20.0M.

At its last close of $71.32 on October 16, 2026, MaxLinear had a market capitalization of $6.47B and an enterprise value of $7.73B. Its forward P/E of 31.5x trades at a premium to the 18.8x forward P/E median of its US-listed Technology peers. The company's price-to-sales ratio is 11.4x compared to the peer median of 2.8x, while its EV-to-EBITDA multiple of 12.3x is below the peer median of 16.6x. MaxLinear's 1-year return of 308.2% surpassed the S&P 500 SPY return of 16.8%, while its 5-year return of 47.5% trailed the benchmark return of 83.0%.

MaxLinear has 6 Strong Buy, 1 Buy, and 4 Hold recommendations from analysts, with 0 Sell and 0 Strong Sell ratings. The mean price target of $94.55 is 32.6% above the last closing price of $71.32. For the fiscal year ending December 31, 2026, analysts estimate EPS of $1.75 and revenue of $738.0M. For the following fiscal year, 11 analysts project EPS of $2.61 on revenue of $958.5M. The company beat EPS estimates in 3 of the last 4 quarters and is scheduled to report earnings on October 22, 2026.

This page is an AI-written research summary of MaxLinear, Inc. (MXL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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