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MaxLinear, Inc.NasdaqGS:MXL Stock Report

Market Cap US$8.3b
Share Price
US$92.93
US$21.55
331.2% overvalued intrinsic discount
1Y692.2%
7D-6.3%
1D
Portfolio Value
View

MaxLinear, Inc.

NasdaqGS:MXL Stock Report

Market Cap: US$8.3b

MaxLinear (MXL) Stock Overview

Provides communications systems-on-chip solutions in the United States, Asia, Europe, and internationally. More details

MXL fundamental analysis
Snowflake Score
Valuation1/6
Future Growth5/6
Past Performance0/6
Financial Health6/6
Dividends0/6

MXL Community Fair Values

Create Narrative

See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

MaxLinear, Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for MaxLinear
Historical stock prices
Current Share PriceUS$92.93
52 Week HighUS$106.28
52 Week LowUS$11.26
Beta3.96
1 Month Change20.41%
3 Month Change437.48%
1 Year Change692.24%
3 Year Change235.73%
5 Year Change146.50%
Change since IPO396.95%

Recent News & Updates

Seeking Alpha May 21

MaxLinear: Underappreciated AI Infrastructure Play With Major Upside Potential

Summary MaxLinear is undergoing a major transformation as high‑margin AI optical products—Keystone, Rushmore, and Washington—begin replacing its legacy broadband revenue base. Management commentary suggests multiple product ramps across several hyperscalers, while current analyst estimates appear to model only a single program. The key milestones to watch are a Q2 step‑function in optical revenue, gross margin expansion toward the high end of guidance, and continued diversification across hyperscalers through module‑maker wins. Although near‑term financials remain messy, the long‑term risk‑reward profile may appeal to patient, growth‑oriented investors who believe MaxLinear's AI‑infrastructure thesis will play out. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha May 21

MaxLinear: Underappreciated AI Infrastructure Play With Major Upside Potential

Summary MaxLinear is undergoing a major transformation as high‑margin AI optical products—Keystone, Rushmore, and Washington—begin replacing its legacy broadband revenue base. Management commentary suggests multiple product ramps across several hyperscalers, while current analyst estimates appear to model only a single program. The key milestones to watch are a Q2 step‑function in optical revenue, gross margin expansion toward the high end of guidance, and continued diversification across hyperscalers through module‑maker wins. Although near‑term financials remain messy, the long‑term risk‑reward profile may appeal to patient, growth‑oriented investors who believe MaxLinear's AI‑infrastructure thesis will play out. Read the full article on Seeking Alpha
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...
Analysis Article Jul 13

Why Investors Shouldn't Be Surprised By MaxLinear, Inc.'s (NASDAQ:MXL) 28% Share Price Surge

Despite an already strong run, MaxLinear, Inc. ( NASDAQ:MXL ) shares have been powering on, with a gain of 28% in the...
Analysis Article Jun 23

MaxLinear, Inc.'s (NASDAQ:MXL) Intrinsic Value Is Potentially 53% Above Its Share Price

Key Insights Using the 2 Stage Free Cash Flow to Equity, MaxLinear fair value estimate is US$20.14 MaxLinear's US$13.17...
User avatar
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.
Seeking Alpha Jan 10

MaxLinear Heading For An Upturn, But The Valuation Seems To Anticipate This

Summary MaxLinear's stock has been volatile, recovering from a plunge after Q2'24 earnings, but still underperforming compared to stronger datacenter peers like Broadcom and Marvell. Management's optimistic projections for Broadband and Connectivity revenue and datacenter interconnect are questionable, but there are opportunities in Ethernet PHY, storage acceleration, and PON. Revenue should start recovering in 2025, and I expect 20%-plus revenue growth in '25/'26, but real traction in datacenter interconnect and stronger cable broadband demand are key for upside. Despite the likelihood of the business turning up in 2025, the current valuation isn't attractive enough to warrant a positive recommendation. Read the full article on Seeking Alpha

Shareholder Returns

MXLUS SemiconductorUS Market
7D-6.3%3.7%1.6%
1Y692.2%110.8%28.2%

Return vs Industry: MXL exceeded the US Semiconductor industry which returned 110.8% over the past year.

Return vs Market: MXL exceeded the US Market which returned 28.2% over the past year.

Price Volatility

Is MXL's price volatile compared to industry and market?
MXL volatility
MXL Average Weekly Movement25.7%
Semiconductor Industry Average Movement11.1%
Market Average Movement7.2%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.0%

Stable Share Price: MXL's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: MXL's weekly volatility has increased from 15% to 26% over the past year.

About the Company

FoundedEmployeesCEOWebsite
20031,115Kishore Seendripuwww.maxlinear.com

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.

MaxLinear, Inc. Fundamentals Summary

How do MaxLinear's earnings and revenue compare to its market cap?
MXL fundamental statistics
Market capUS$8.32b
Earnings (TTM)-US$132.10m
Revenue (TTM)US$508.90m
16.4x
P/S Ratio
-63.0x
P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MXL income statement (TTM)
RevenueUS$508.90m
Cost of RevenueUS$218.03m
Gross ProfitUS$290.87m
Other ExpensesUS$422.97m
Earnings-US$132.10m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)-1.48
Gross Margin57.16%
Net Profit Margin-25.96%
Debt/Equity Ratio27.3%

How did MXL perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 04:00
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
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