Maxlinear (MXL) AI Stock Analysis

• Market Cap: $1.36B
• Dividend Yield: N/A
• Average Volume (3M): 1.40M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.33
• Revenue Growth: 7.53%
• EPS Growth: 22.97%
• Country: US
• Employees: 1,294
• Sector: Technology
• Sector Strength: 88
• Industry: Semiconductors
• EPS (TTM): 0.14
• Shares Outstanding: 87,080,500
• 10 Day Avg. Volume: 2,034,534
• 30 Day Avg. Volume: 1,400,653
• PEG Ratio: -0.03
• Price to Book (P/B): 3.20
• Price to Sales (P/S): 4.59
• P/FCF Ratio: -24.06
• Enterprise Value/Market Cap: 1.05
• Enterprise Value/Revenue: 3.79
• Enterprise Value/Gross Profit: 6.81
• Enterprise Value/Ebitda: -8.60
• 1Y Price Target: $20.00
• Price Target Upside: 28.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8

• Rating: 49 Neutral
• Price Target: $15.50 ▼(-0.77% Downside)

Maxlinear's overall stock score reflects significant financial challenges, including declining revenues and negative profitability. While there is potential for growth in infrastructure markets, operational losses and valuation concerns weigh heavily on the score.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for MaxLinear's products, reflecting successful market penetration and product adoption, which supports long-term business expansion.

Infrastructure Market Expansion

Significant growth in infrastructure revenues showcases MaxLinear's competitive position in the data center and wireless infrastructure markets, promising sustained future growth.

Data Center Optical Interconnects

The focus on data center optical interconnects positions MaxLinear to capitalize on the growing demand for high-speed data transmission, ensuring long-term revenue streams.

Negative Factors

Declining Revenue

Declining revenues highlight challenges in maintaining market share and demand, which could affect long-term profitability and growth if not addressed.

Negative Cash Flow

Negative cash flows indicate liquidity pressures, potentially limiting MaxLinear's ability to invest in growth opportunities and sustain operations without external financing.

Operational Losses

Operational losses suggest inefficiencies and cost management issues, which could undermine MaxLinear's financial health and competitiveness if not strategically addressed.

Maxlinear Business Overview & Revenue Model

Company Description

MaxLinear, Inc. (MXL) is a leading provider of radio frequency (RF), analog, and mixed-signal semiconductor solutions, serving the broadband communications, data center, and consumer electronics markets. The company specializes in developing high-performance integrated circuits for applications in cable broadband, satellite communications, and fiber-optic transceivers, among others. With a strong focus on innovation, MaxLinear offers a wide range of products including signal processing solutions, system-on-chip (SoC) devices, and various RF components designed to enhance connectivity and data transmission.

How the Company Makes Money

MaxLinear generates revenue primarily through the sale of its semiconductor products, which are utilized in various applications across multiple sectors. The company's revenue model is driven by a mix of direct sales to original equipment manufacturers (OEMs) and distributors, as well as partnerships with key players in the broadband and data center markets. Significant revenue streams come from its broadband communications products, including cable modem and set-top box chipsets, as well as its data center offerings, like Ethernet transceivers. Additionally, MaxLinear benefits from ongoing collaborations with major technology firms, which help expand its market reach and drive sales growth. The company also invests in research and development to continually innovate and meet the evolving demands of the semiconductor industry, further enhancing its profitability.

Maxlinear Financial Statement Overview

Summary

Maxlinear's financial performance is concerning with declining revenues, negative profitability, and cash flow difficulties. The balance sheet shows stability but highlights leverage concerns. Immediate strategic improvements are essential.

Income Statement

Maxlinear's financial performance shows a concerning trend with declining revenues and negative profitability. The TTM period saw a decrease in revenue and gross profit margins, and the net profit margin is significantly negative due to substantial net losses. The EBIT and EBITDA margins are also negative, indicating operational challenges. This reflects a significant downturn compared to past performance.

Balance Sheet

The balance sheet shows stability in terms of equity but highlights leverage concerns. The debt-to-equity ratio is moderate, but the decline in stockholders' equity over time is notable. Despite these issues, the equity ratio remains reasonably strong, suggesting a stable asset base. However, the negative return on equity indicates profitability challenges.

Cash Flow

Cash flow analysis shows negative operating cash flows and free cash flows in the TTM period, highlighting liquidity pressures. The free cash flow to net income ratio is unfavorable, exacerbating concerns about the company's ability to generate cash from operations amidst net losses. This poses risks to sustainability without a turnaround.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	378.01M	360.53M	693.26M	1.12B	892.40M	478.60M
Gross Profit	210.68M	194.78M	385.66M	649.77M	495.83M	212.80M
EBITDA	-166.72M	-173.70M	9.53M	255.86M	145.27M	-29.28M
Net Income	-209.92M	-245.20M	-73.15M	125.04M	41.97M	-98.59M
Balance Sheet
Total Assets	863.74M	864.64M	1.08B	1.18B	1.05B	1.02B
Cash, Cash Equivalents and Short-Term Investments	108.62M	118.58M	187.29M	205.88M	130.57M	148.90M
Total Debt	147.67M	149.36M	157.75M	155.60M	339.68M	392.60M
Total Liabilities	375.41M	348.36M	393.99M	503.64M	561.19M	631.33M
Stockholders Equity	488.33M	516.28M	686.26M	676.38M	489.20M	391.12M
Cash Flow
Free Cash Flow	-69.61M	-68.74M	23.56M	336.29M	121.48M	58.31M
Operating Cash Flow	-59.48M	-45.30M	43.37M	388.73M	168.23M	73.59M
Investing Cash Flow	-18.32M	-23.45M	-15.94M	-91.76M	-91.76M	-175.29M
Financing Cash Flow	1.30M	1.29M	-26.36M	-240.40M	-91.90M	159.65M

Maxlinear Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.62
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MXL, the sentiment is Negative. The current price of 15.62 is below the 20-day moving average (MA) of 16.48, below the 50-day MA of 16.17, and above the 200-day MA of 14.71, indicating a neutral trend. The MACD of 0.23 indicates Positive momentum. The RSI at 44.92 is Neutral, neither overbought nor oversold. The STOCH value of 50.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MXL.

Maxlinear Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLAB	73 Outperform	$1.41B	13.55	9.89%	―	-1.79%	-22.58%
HIMX	69 Neutral	$1.62B	21.68	8.64%	3.98%	-2.16%	-2.77%
VECO	68 Neutral	$1.76B	28.91	7.83%	―	-0.19%	-28.72%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
LASR	61 Neutral	$1.63B	-33.74	-20.63%	―	9.79%	10.28%
NVTS	58 Neutral	$3.00B	-21.63	-32.05%	―	-25.65%	-130.95%
MXL	49 Neutral	$1.36B	―	-35.16%	―	7.53%	22.97%

Maxlinear Corporate Events

MaxLinear’s Earnings Call: Growth Amid Challenges

The recent earnings call for MaxLinear showcased a cautiously optimistic outlook for the company, underscored by strong revenue growth and promising developments in the infrastructure and broadband sectors. Despite these positive indicators, the company is grappling with operational losses and challenges related to the deployment of DOCSIS 4.0. Overall, the sentiment expressed during the call was one of cautious optimism, with a clear focus on future growth opportunities.

MaxLinear Reports Strong Q3 2025 Revenue Growth

MaxLinear, Inc. is a prominent provider of radio frequency (RF), analog, digital, and mixed-signal integrated circuits, serving sectors such as access and connectivity, wired and wireless infrastructure, and industrial applications. Based in Carlsbad, California, the company is known for its innovative solutions in the semiconductor industry.