Maxlinear (MXL) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Jul 29, 2026

After Close (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

0.32

Last Year’s EPS

0.02

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 10 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 23, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed a predominantly positive operational and market momentum story: strong top‑line growth (Q1 revenue +43% YoY), a dramatic infrastructure/data‑center surge (+136% YoY), raised optical data center guidance ($150M–$170M), multiple product ramps and design wins, and solid non‑GAAP margins and Q2 revenue guidance. Offsetting these positives were notable near‑term financial and execution frictions: GAAP operating loss driven by large stock‑based compensation and acquisition‑related charges, working capital outflows and inventory builds to secure wafers, rising input costs pressuring gross margin leverage, concentration/timing risks around early hyperscaler ramps, and some broadband roadmap timing delays. Overall, the upside from accelerating data center ramps, product wins, and doubled‑down guidance materially outweigh the lowlights, though execution and margin risks remain to monitor.

Company Guidance

For Q2 2026 the company guided revenue of $160–170M, GAAP gross margin of 56%–59% and non‑GAAP gross margin of 58%–61%, GAAP operating expenses of $91–97M and non‑GAAP operating expenses of $61–66M, GAAP and non‑GAAP interest and other expense of ~$1.8–2.2M, a GAAP tax benefit of ~$2M and a non‑GAAP tax provision of ~$1M, and GAAP/non‑GAAP diluted share count of ~95M each. Management also raised its 2026 optical data center revenue outlook to $150–170M, said Infrastructure (Q1 Infrastructure was ~$63M) will drive a step‑function revenue increase beginning in Q2 with strong run rates into 2027, and expects all four end markets to grow sequentially. For context, Q1 revenue was $137.2M with Q1 GAAP/non‑GAAP gross margins of 57.5%/59.5%, Q1 GAAP/non‑GAAP operating expenses of $96.1M/$59.9M, Q1 interest/other of $1.4M/$1.3M, net cash used in operations of ~$8.9M, cash of ~$89.9M, DSO ~27 days and inventory ~128 days.

Strong Top-Line Growth

Revenue of $137.2M in Q1 2026, up 43% year‑over‑year from $95.5M and slightly up from $136.4M in the prior quarter, driven by accelerating data center demand.

Infrastructure Segment Surge

Infrastructure revenue ~ $63M in Q1 and grew 136% year‑over‑year, becoming the company's largest revenue category driven by optical data center ramps.

Optical Data Center Upside and Guidance Raise

Company increased 2026 optical data center revenue expectations to $150M–$170M (≈$30M–$40M higher than prior expectations) and expects a step‑function data center revenue increase beginning in Q2 with strong run rates into 2027.

Product Ramps and Technology Leadership

Keystone PAM4 DSP is ramping with multiple hyperscalers (400G/800G); new platforms showcased (Rushmore 200Gbps‑per‑lane PAM4 DSP, Washington TIA, Annapurna 1.6T AEC / 3.2T retimer) positioning the company for next‑generation data center architectures.

Panther Storage Accelerator Momentum

Panther family gaining design wins with tier‑one network and cloud providers; company expects storage accelerator revenue to at least double in 2026 vs. 2025.

Healthy Gross Margins

Q1 GAAP gross margin 57.5% and non‑GAAP gross margin 59.5%; Q2 gross margin guidance of 56%–59% GAAP and 58%–61% non‑GAAP, reflecting high‑margin infrastructure mix.

Solid Segment Wins and Deployments

First XGS‑PON design win at a U.S. hyperscale data center (via a tier‑one OEM), USB bridge controller wins with two major hyperscalers, Sierra wireless SoC deployments with multiple North American operators, and large‑scale single‑chip fiber PON and Wi‑Fi 7 gateway deployments with a second tier‑one North American service provider.

Improved Working Capital Metrics

Days sales outstanding improved to ~27 days in Q1 and days of inventory reported at ~128 days (company called this an improvement vs. prior quarter days).

Confident Near‑Term Revenue Guidance

Q2 2026 revenue guidance of $160M–$170M (all four end markets expected to grow sequentially) and operating expense guidance (GAAP $91M–$97M; non‑GAAP $61M–$66M).

Maxlinear (MXL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MXL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 29, 2026	2026 (Q2)	0.32 / -	0.02	―	―	―
Apr 23, 2026	2026 (Q1)	0.17 / 0.22	-0.05	540.00% (+0.27)
Jan 29, 2026	2025 (Q4)	0.18 / 0.19	-0.09	311.11% (+0.28)
Oct 23, 2025	2025 (Q3)	0.12 / 0.14	-0.36	138.89% (+0.50)
Jul 23, 2025	2025 (Q2)	0.02 / 0.02	-0.25	108.00% (+0.27)
Apr 23, 2025	2025 (Q1)	-0.05 / -0.05	-0.21	76.19% (+0.16)
Jan 29, 2025	2024 (Q4)	-0.13 / -0.09	0.01	-1000.00% (-0.10)
Oct 23, 2024	2024 (Q3)	-0.32 / -0.36	0.02	-1900.00% (-0.38)
Jul 24, 2024	2024 (Q2)	-0.19 / -0.25	0.34	-173.53% (-0.59)
Apr 24, 2024	2024 (Q1)	-0.22 / -0.21	0.74	-128.38% (-0.95)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MXL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Apr 23, 2026	$34.25	$60.32	+76.12%
Jan 29, 2026	$19.27	$17.35	-9.96%
Oct 23, 2025	$17.52	$15.62	-10.84%
Jul 23, 2025	$15.32	$17.25	+12.60%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.