MaxLinear (NASDAQ:MXL) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

MaxLinear (NASDAQ:MXL) released its quarterly earnings data on Thursday. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.01, FiscalAI reports. MaxLinear had a negative return on equity of 12.74% and a negative net margin of 42.43%.The company had revenue of $136.44 million for the quarter, compared to analyst estimates of $134.82 million.

Here are the key takeaways from MaxLinear’s conference call:

• MaxLinear reported a strong 2025 with 30% revenue growth YoY, returned to profitability and positive operating cash flow, exited Q4 with about $101.4M in cash and repurchased ~$20M of stock.
• The infrastructure business is scaling rapidly (Q4 infrastructure revenue ~ $47M); management expects the Keystone PAM4 DSP to generate roughly $100–$130M in 2026 and says Rushmore DSP production revenue will begin ramping at the end of 2026.
• Storage accelerator momentum is accelerating—Panther 5 is in customer sampling (including AMD) and the company expects accelerator revenue to at least double in 2026 with potential for further growth in 2027.
• Broadband/cable faces near-term headwinds—management expects broadband revenue to be down in 2026 with a seasonally soft first half and cable weakness until a multi‑year DOCSIS 4 upgrade cycle begins late in 2026.

MaxLinear Trading Up 0.7%

Shares of MXL stock traded up $0.13 on Thursday, hitting $19.27. 1,961,995 shares of the company’s stock traded hands, compared to its average volume of 1,128,812. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of -9.22 and a beta of 1.77. The company’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $16.47. MaxLinear has a one year low of $8.35 and a one year high of $20.82. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.08 and a current ratio of 1.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Quarry LP lifted its stake in shares of MaxLinear by 1,293.0% in the 3rd quarter. Quarry LP now owns 2,187 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 2,030 shares during the last quarter. Raymond James Financial Inc. purchased a new position in MaxLinear in the 2nd quarter worth approximately $51,000. iSAM Funds UK Ltd bought a new stake in MaxLinear in the third quarter valued at approximately $58,000. Strs Ohio purchased a new stake in shares of MaxLinear during the first quarter valued at approximately $63,000. Finally, US Bancorp DE boosted its stake in shares of MaxLinear by 121.2% during the third quarter. US Bancorp DE now owns 6,230 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 3,414 shares during the period. 90.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on MXL. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of MaxLinear in a report on Thursday, January 22nd. Benchmark upped their price target on shares of MaxLinear from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Williams Trading set a $25.00 price objective on MaxLinear in a research report on Friday, October 24th. Finally, Stifel Nicolaus set a $23.00 target price on MaxLinear in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.29.

MaxLinear announced that its Board of Directors has initiated a share buyback plan on Monday, November 24th that allows the company to repurchase $75.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire up to 5.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About MaxLinear

MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company’s product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements.

MaxLinear’s semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators.