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Maxlinear Inc (MXL)
NASDAQ:MXL
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.18Last Year’s EPS
-0.05Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong positive operational and financial momentum: high single- to double-digit revenue growth (30% FY, 48% Q4 YoY), robust infrastructure and optical ramps (Keystone guidance $100M–$130M in 2026), improved non-GAAP profitability and cash generation, and active share repurchases. Key risks discussed include a Q4 GAAP operating loss driven by sizable non-cash adjustments, expected weakness in broadband/cable revenue for 2026, supply-chain lead-time risks in optical, and elevated inventory days. On balance, the company presented multiple clear growth drivers and improving margins that outweigh the noted headwinds.Company Guidance
Strong Revenue Growth
Total revenue for Q4 2025 was $136.4M, up 8% sequentially and up 48% year-over-year (Q4 2024: $92.2M). For the full year 2025, revenue grew ~30% year-over-year.
Infrastructure Business Momentum
Infrastructure revenue approximately $47M in Q4 and grew ~76% YoY in Q4; company expects infrastructure to become the largest revenue contributor in 2026. Keystone PAM4 DSP is forecast to generate about $100M–$130M in 2026 with potential upside.
Product Ramps and Design Wins (Data Center & Storage)
Keystone PAM4 DSP ramping in major hyperscalers (400G/800G); Rushmore (next-gen PAM4/1.6T products) expected to start production revenue end of 2026. Panther storage accelerator sampling (Panther 5) and management expects accelerator revenue to at least double in 2026 vs 2025.
High Gross Margins and Improving Mix
Q4 GAAP gross margin ~57.6% and non-GAAP gross margin ~59.6%. Management cites improving product mix (infrastructure higher-margin) and multi-quarter margin improvement trend.
Profitability on Non-GAAP Basis and Cash Generation
Q4 non-GAAP operating income was ~16% of revenue; GAAP operating loss was (11)% (see lowlights for GAAP adjustments). Q4 net cash from operating activities was ~$10.4M and cash, cash equivalents and restricted cash at quarter end was ~$101.4M.
Share Repurchases and Board Confidence
Repurchased ~$20M of common stock in Q4 under a $75M authorization, signaling management/board confidence in cash flow and outlook.
Operational Improvements (Working Capital)
Days sales outstanding improved to ~31 days; inventory decreased by ~$8M QoQ and days of inventory improved to ~130 days despite long lead times in certain optical supply chains.
Q1 2026 Guidance and Visibility
Q1 2026 revenue guidance of $130M–$140M; Q1 GAAP gross margin expected 56%–59% and non-GAAP gross margin 58%–61%. Management reports robust bookings and backlog with improved visibility into early 2026 ramps.
MXL Earnings History
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 |
|---|---|---|---|
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% |
Apr 23, 2025 | $11.01 | $9.65 | -12.31% |
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.
FAQ
When does Maxlinear Inc (MXL) report earnings?
Maxlinear Inc (MXL) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is Maxlinear Inc (MXL) earnings time?
Maxlinear Inc (MXL) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MXL EPS forecast?
MXL EPS forecast for the fiscal quarter 2026 (Q1) is 0.18.
