MaxLinear, Inc.

NasdaqGS:MXL Stock Report

Market Cap: US$6.0b

MaxLinear Management

Management criteria checks 3/4

MaxLinear's CEO is Kishore Seendripu, appointed in Sep 2003, has a tenure of 22.92 years. total yearly compensation is $7.82M, comprised of 9.2% salary and 90.8% bonuses, including company stock and options. directly owns 5.09% of the company’s shares, worth $307.24M. The average tenure of the management team and the board of directors is 0.5 years and 7.8 years respectively.

Key information

Kishore Seendripu

Chief executive officer

US$7.8m

Total compensation

CEO salary percentage9.23%
CEO tenure22.9yrs
CEO ownership5.1%
Management average tenureless than a year
Board average tenure7.8yrs

Recent management updates

Recent updates

Seeking Alpha Aug 18

MaxLinear: An Elephant Size Risk Hidden In The Small Footnotes

Summary MaxLinear shows strong growth from rapid adoption of its Keystone 800G platform and rising data center demand. Gross margins are expanding as the Infrastructure segment now exceeds 50% of revenue with higher-margin products. The company is securing foundry capacity with more prepayments. But that cash flow conversion is more than offset by the sharp rise in inventory purchase commitments, which lead revenues. A $160 million damages claim from Silicon Motion creates material litigation risk given only $65 million in liquidity. The stock trades at a 36.4x 1-yr FWD earnings multiple near peer median levels. Read the full article on Seeking Alpha
Narrative Update Aug 12

MXL: AI Data Center Euphoria Will Likely Outpace Optical Delivery Timing

MaxLinear's updated analyst fair value estimate has increased from $40.00 to about $49.53 as analysts respond to higher Street price targets tied to stronger AI driven data center and optical infrastructure expectations. Analyst Commentary Recent research on MaxLinear shows a wide range of views on how the stock should be valued, even though most of the fresh reports reference strong interest in AI data center and optical infrastructure themes.
Analysis Article Jul 29

Brokers Are Upgrading Their Views On MaxLinear, Inc. (NASDAQ:MXL) With These New Forecasts

Shareholders in MaxLinear, Inc. ( NASDAQ:MXL ) may be thrilled to learn that the analysts have just delivered a major...
Narrative Update Jul 29

MXL: AI Optical Data Center Demand Will Support Future Repricing

Analysts have raised the MaxLinear fair value estimate from $68.36 to $94.55, citing higher projected revenue growth, improved profit margin assumptions, and a lower future P/E multiple, which they note is supported by recent Street research highlighting stronger data center and AI optical demand. Analyst Commentary Recent Street research on MaxLinear points to a cluster of higher price targets and fresh coverage that centers on AI related optical and data center exposure.
Narrative Update Jul 15

MXL: AI Infrastructure Focus Will Drive Future Repricing Of Elevated P/E

For MaxLinear, the analyst fair value estimate has shifted from $73.73 to $125.00. Analysts point to the growing AI data center and optical infrastructure opportunity as key support for the higher price targets.
Narrative Update Jul 01

MXL: AI Optical Hype Will Pressure Future Repricing Assumptions

MaxLinear's updated analyst price target of $68.36, compared with the previous fair value estimate of $21.55, reflects analysts' focus on its expanding data center and AI optical infrastructure ambitions, as well as the potential for a higher margin infrastructure mix. Analyst Commentary Recent research on MaxLinear centers on how the stock reflects its growing exposure to AI driven data center and optical infrastructure, as well as the company’s longer term infrastructure ambitions.
Narrative Update Jun 17

MXL: AI Infrastructure Hype Will Likely Outrun Optical Execution Visibility

Analysts have sharply raised their price targets on MaxLinear stock, with recent moves such as Stifel lifting its target to $105 from $49 and Northland to $110 from $55, citing a broader rerating of AI focused data center semiconductor companies and growing confidence in MaxLinear's AI optical and infrastructure exposure. Analyst Commentary Recent research on MaxLinear highlights a cluster of higher price targets and supportive views around the company’s position in AI optical and infrastructure markets.
Narrative Update Jun 01

MXL: AI Infrastructure Euphoria Will Likely Magnify Execution And Rerating Risk

Analysts have lifted the implied fair value for MaxLinear stock from $17.00 to $40.00, citing higher assumed revenue growth, a sharply higher future P/E, and growing interest in the company's AI optical and infrastructure exposure, as reflected in a series of recent Buy ratings and price target increases. Analyst Commentary Recent research coverage highlights a shift in how the stock is being framed, with several firms focusing on AI optical and infrastructure exposure, higher assumed revenue growth, and a richer future P/E.
Narrative Update May 14

MXL: Infrastructure Demand Inflection Will Eventually Fail To Justify Current P/E

Analysts have sharply lifted their MaxLinear price targets, with the updated fair value estimate moving from about $27.50 to roughly $73.73. Recent initiations, upgrades and target hikes reflect higher assumed revenue growth, a lower profit margin outlook and a much higher future P/E multiple.
Narrative Update Apr 24

MXL: Higher Expectations For Margins Will Likely Expose Execution Risk

Analysts have raised their price targets on MaxLinear by $11 and $12 in recent research, citing updated expectations for revenue growth, profit margins and future P/E assumptions as key factors behind the revised valuation views. Analyst Commentary While recent research has pointed to higher valuation benchmarks for MaxLinear, some bearish analysts are still flagging important risks that could limit how much upside investors are willing to pay for at current levels.
Narrative Update Apr 08

MXL: Discount Rate And Margin Assumptions Will Support Future Repricing Potential

Analysts have increased their price target on MaxLinear by $3, reflecting updated assumptions on discount rate, revenue growth, profit margin, and future P/E that keep fair value around $21.55. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price target as consistent with updated assumptions that still anchor fair value around US$21.55, which they view as a reasonable reflection of current information on revenue, margins, and P/E.
Narrative Update Mar 25

MXL: Higher Margin Focus And Buybacks Will Support Future Repricing

Analysts have raised their price target on MaxLinear by $3. This reflects adjustments to their assumptions on profit margins, discount rate and future P/E expectations.
Narrative Update Mar 09

MXL: Rising Margin Conviction And Buybacks Will Support Future Repricing

Analysts have lifted their price target on MaxLinear by $3, reflecting updated views on its profit margin outlook and valuation multiples while keeping estimated fair value broadly in line. Analyst Commentary Bullish Takeaways Bullish analysts point to the raised price target as a reflection of improved conviction in MaxLinear's profit margin outlook, suggesting that recent adjustments better capture its earnings potential.
Narrative Update Feb 23

MXL: Higher Earnings Margins And Buybacks Will Support Bullish Repricing

Analysts have lifted their price target on MaxLinear by $1.70 to $21.55, reflecting updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E multiples discussed in recent research. Analyst Commentary Bullish Takeaways Bullish analysts see the higher US$21.55 target as consistent with updated views on what they consider a fair value range for MaxLinear, given current assumptions around revenue growth and profit margins used in their models.
Narrative Update Feb 09

MXL: Higher Fair Value And Buybacks Will Likely Mask Execution Risk

Narrative Update: MaxLinear Analyst Price Target Shift Analysts have lifted their MaxLinear fair value estimate from $16.00 to $17.00, citing revised assumptions around revenue growth, profit margins, and future P/E expectations as key factors behind the change. Analyst Commentary While some analysts have raised their fair value expectations for MaxLinear, others remain cautious and highlight several risks that they believe could limit upside for the stock.
Narrative Update Jan 25

MXL: Raised Expectations And Buybacks Will Likely Struggle Against Execution Risk

Narrative update on MaxLinear Analysts have lifted their price target on MaxLinear by $3, citing updated assumptions for revenue growth, profit margins and future P/E as the key drivers behind this change. Analyst Commentary While the latest target move reflects updated assumptions on revenue, margins and future P/E, not every part of the Street is leaning in the same direction.
Narrative Update Jan 11

MXL: Recovery Hopes And Buybacks Will Face Tight Margin Of Safety

Analysts have nudged their price target on MaxLinear up by $2 to $23, citing what they describe as another solid quarter and a view that the company is steadily rebuilding after a pronounced downcycle. Analyst Commentary While the higher US$23 price target reflects some renewed confidence in MaxLinear's recovery after its downcycle, not all commentary skews positive.
Narrative Update Dec 15

MXL Share Buybacks And 5G Wins Will Drive Measured Recovery Ahead

Analysts have nudged their fair value estimate for MaxLinear higher, lifting the target from $15.00 to $16.00 as they point to solid Q3 execution and a return to more stable growth following the recent industry downcycle. Analyst Commentary Recent Street research points to a more constructive stance on MaxLinear in the wake of its Q3 results, with at least one firm lifting its price target into the low $20s and reiterating a favorable rating.
Analysis Article Nov 19

Lacklustre Performance Is Driving MaxLinear, Inc.'s (NASDAQ:MXL) 26% Price Drop

MaxLinear, Inc. ( NASDAQ:MXL ) shares have had a horrible month, losing 26% after a relatively good period beforehand...
Analysis Article Sep 16

At US$16.60, Is It Time To Put MaxLinear, Inc. (NASDAQ:MXL) On Your Watch List?

MaxLinear, Inc. ( NASDAQ:MXL ), might not be a large cap stock, but it saw a significant share price rise of 42% in the...
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New Narrative May 16

Data Centers, Broadband And Wireless Advances Will Open Future Markets

Strong progress in data center products and new market applications positions MaxLinear for significant revenue growth in the future.

CEO Compensation Analysis

How has Kishore Seendripu's remuneration changed compared to MaxLinear's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-US$104m

Mar 31 2026n/an/a

-US$132m

Dec 31 2025US$8mUS$721k

-US$137m

Sep 30 2025n/an/a

-US$180m

Jun 30 2025n/an/a

-US$210m

Mar 31 2025n/an/a

-US$223m

Dec 31 2024US$26mUS$731k

-US$245m

Sep 30 2024n/an/a

-US$226m

Jun 30 2024n/an/a

-US$190m

Mar 31 2024n/an/a

-US$155m

Dec 31 2023US$9mUS$701k

-US$73m

Sep 30 2023n/an/a

-US$4m

Jun 30 2023n/an/a

US$65m

Mar 31 2023n/an/a

US$101m

Dec 31 2022US$9mUS$701k

US$125m

Sep 30 2022n/an/a

US$122m

Jun 30 2022n/an/a

US$103m

Mar 31 2022n/an/a

US$72m

Dec 31 2021US$6mUS$621k

US$42m

Sep 30 2021n/an/a

-US$11m

Jun 30 2021n/an/a

-US$57m

Mar 31 2021n/an/a

-US$79m

Dec 31 2020US$6mUS$589k

-US$99m

Sep 30 2020n/an/a

-US$82m

Jun 30 2020n/an/a

-US$50m

Mar 31 2020n/an/a

-US$31m

Dec 31 2019US$5mUS$551k

-US$20m

Compensation vs Market: Kishore's total compensation ($USD7.82M) is about average for companies of similar size in the US market ($USD8.35M).

Compensation vs Earnings: Kishore's compensation has been consistent with company performance over the past year.


CEO

Kishore Seendripu (57 yo)

22.9yrs
Tenure
US$7,817,568
Compensation

Dr. Kishore Seendripu, Ph.D. is Member of Advisory Board of Inficold India Pvt. Ltd. Dr. Seendripu is a Co-Founder and has served as Chairman, President and Chief Executive Officer of MaxLinear, Inc. since...


Leadership Team

NamePositionTenureCompensationOwnership
Kishore Seendripu
Co-Founder22.9yrsUS$7.82m5.09%
$ 307.2m
Steven Litchfield
CFO & Chief Corporate Strategy Officer8.1yrsUS$3.31m0.16%
$ 9.8m
Connie Kwong
Corporate Controller & Principal Accounting Officer10.5yrsUS$901.96k0.020%
$ 1.2m
Curtis Ling
Co-Founder & Chief Technical Officer20.3yrsUS$1.08mno data
Mohan Kambhammettu
Senior Vice President of Global Operationsless than a yearno datano data
Michael Bollesen
Senior Vice President of Sales8.1yrsUS$1.64mno data
Madhukar Reddy
Senior Vice President of Worldwide Engineeringless than a yearUS$2.16mno data
Amit Bavisi
Senior VP and GM of Analog & Mixed Signal Businessless than a yearno datano data
Puneet Sethi
Senior Vice President of Network Infrastructure & Carrier Businessless than a yearno datano data
Vikas Choudhary
Senior Vice President of Connectivity & Storage Businessless than a yearno datano data
Rajneesh Gaur
Senior VP & General Manager of Data Center Connectivityless than a yearno datano data
Leslie Green
Investor Relations Contact Officerno datano datano data
0.5yrs
Average Tenure
57yo
Average Age

Experienced Management: MXL's management team is not considered experienced ( 0.5 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Kishore Seendripu
Co-Founder22.9yrsUS$7.82m5.09%
$ 307.2m
Gregory Dougherty
Independent Director6.4yrsUS$269.59k0.037%
$ 2.2m
Thomas Pardun
Independent Lead Director17.1yrsUS$332.50k0.074%
$ 4.5m
Daniel Artusi
Independent Director7.8yrsUS$262.50k0.019%
$ 1.2m
Carolyn Beaver
Independent Director7.7yrsUS$280.00k0.037%
$ 2.2m
Theodore Tewksbury
Independent Director11.3yrsUS$280.00k0.088%
$ 5.3m
Kris A. Sennesael
Independent Directorless than a yearno data0.0023%
$ 136.5k
7.8yrs
Average Tenure
68yo
Average Age

Experienced Board: MXL's board of directors are considered experienced (7.8 years average tenure).


Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/23 14:00
End of Day Share Price 2026/08/21 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MaxLinear, Inc. is covered by 16 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Cody AcreeBenchmark Company
Karl AckermanBNP Paribas
Jaywant SrivatsaChardan Capital Markets, LLC