MXL
MaxLinear, Inc.17.14
-0.06-0.35%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Upside to PAM4, data center expansion
Q&A reinforces prepared optimism on infrastructure ramps but adds upside potential to Keystone PAM4 DSP revenue beyond $100-130 million, with 4-6 million transceiver units eyed for '26 amid top-3 positioning and pluggables trumping niche LPO/CPO. Management detailed broader data center plays like PON control planes worth hundreds of millions over two years and rack management wins. Broadband faces YoY decline on DOCSIS 4.0 wait, though PON offsets loom; connectivity grows via Wi-Fi 7 and Ethernet. Gross margins to expand on mix; OpEx rises modestly. Ramps hit hard early. Confident tone prevails—watch scale-out traction.
Key Stats
Market Cap
1.50BP/E (TTM)
-Basic EPS (TTM)
-2.09Dividend Yield
0%Recent Filings
8-K
Appoints semiconductor CFO Sennesael
MaxLinear expanded its board to eight members and appointed Kris Sennesael as a Class I director effective February 13, 2026, also joining the Audit Committee. The semiconductor veteran, currently CFO at Western Digital with prior CFO roles at Skyworks and Enphase, received a $60,000 annual retainer, $10,000 committee pay, and $380,000 in restricted stock. Brings finance expertise. No related transactions disclosed.
10-K
FY2025 results
MaxLinear's FY2025 revenue climbed 30% to $467.6M, fueled by broadband surging 75% to $204M, connectivity up 40%, and infrastructure gaining 30%, while industrial/multi-market dropped 50%. Q4 accelerated the rebound with stronger shipments across recovering channels, though gross margins held steady at 57% amid mix shifts. R&D fell 7% to $209M and restructuring eased to $25M, yet litigation dragged SG&A higher. Debt sits at $125M; $75M buyback launched late-year. Escalating U.S.-China trade wars threaten export momentum.
8-K
Q4 revenue surges 48% YoY
MaxLinear reported Q4 revenue of $136.4M, up 8% sequentially and 48% year-over-year, with full-year 2025 sales hitting $467.6M, a 30% jump. Non-GAAP operating margin swung to 16%, fueled by new product traction; management repurchased $20M in stock. Q1 2026 revenue guides $130M-$140M. Path to growth sharpens.
8-K
MaxLinear OKs $75M buyback
MaxLinear's board approved a $75 million common stock repurchase program on November 20, 2025, running through November 20, 2028, via open market or private deals under Rule 10b-18. Management holds discretion on timing amid market conditions. Buybacks signal confidence in growth across data center optics and Wi-Fi 7. Program may suspend anytime.
8-K
MaxLinear Q3 revenue jumps 56%
MaxLinear reported Q3 2025 net revenue of $126.5 million, surging 16% sequentially and 56% year-over-year, driven by investments in data center optical interconnects and wireless infrastructure. Non-GAAP operating income hit 12% of revenue, up from 7% last quarter, while GAAP losses narrowed to 33% amid restructuring charges. Revenue beat guidance mid-point. Q4 outlook projects $130-140 million, signaling sustained growth amid semiconductor volatility.
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