(MXL) MaxLinear - Overview

Sector: Technology | Industry: Semiconductors | Exchange: NASDAQ (USA) | Market Cap: 1.852m USD | Total Return: 115.3% in 12m

Semiconductor Chips, Networking, Broadband, Wireless, Optical
Total Rating 49
Safety 34
Buy Signal 0.26
Semiconductors
Industry Rotation: +17.6
Market Cap: 1.85B
Avg Turnover: 17.3M USD
ATR: 4.64%
Peers RS (IBD): 50.0
Risk 5d forecast
Volatility64.8%
Rel. Tail Risk-1.42%
Reward TTM
Sharpe Ratio1.50
Alpha39.12
Character TTM
Beta2.070
Beta Downside2.151
Drawdowns 3y
Max DD73.61%
CAGR/Max DD-0.17
EPS (Earnings per Share) EPS (Earnings per Share) of MXL over the last years for every Quarter: "2021-03": 0.55, "2021-06": 0.53, "2021-09": 0.75, "2021-12": 0.86, "2022-03": 1, "2022-06": 1.11, "2022-09": 1.05, "2022-12": 1.07, "2023-03": 0.74, "2023-06": 0.34, "2023-09": 0.02, "2023-12": 0.01, "2024-03": -0.21, "2024-06": -0.25, "2024-09": -0.36, "2024-12": -0.09, "2025-03": -0.05, "2025-06": 0.02, "2025-09": 0.14, "2025-12": 0.19,
EPS CAGR: -35.78%
EPS Trend: -75.1%
Last SUE: 0.32
Qual. Beats: 0
Revenue Revenue of MXL over the last years for every Quarter: 2021-03: 209.359, 2021-06: 205.376, 2021-09: 229.774, 2021-12: 247.889, 2022-03: 263.927, 2022-06: 280.009, 2022-09: 285.73, 2022-12: 290.586, 2023-03: 248.442, 2023-06: 183.938, 2023-09: 135.53, 2023-12: 125.353, 2024-03: 95.269, 2024-06: 91.99, 2024-09: 81.102, 2024-12: 92.167, 2025-03: 95.933, 2025-06: 108.813, 2025-09: 126.459, 2025-12: 136.436,
Rev. CAGR: -16.13%
Rev. Trend: -78.7%
Last SUE: 0.47
Qual. Beats: 0

Warnings

Interest Coverage Ratio -13.0 is critical

Altman Z'' -4.11 < 1.0 - financial distress zone

Volatile

Tailwinds

No distinct edge detected

Description: MXL MaxLinear

MaxLinear Inc. designs and sells communication systems-on-chip globally. Their products integrate radio frequency, analog, mixed-signal, and digital processing components.

MXLs technology is applied in diverse electronic devices, including 4G/5G base stations, optical transceivers, Wi-Fi/wireline routers, and various broadband modems. The semiconductor industry is characterized by high R&D investment and rapid technological obsolescence.

The company distributes its products to electronics distributors, module makers, and original equipment manufacturers through direct sales, representatives, and a distributor network. This business model often involves long sales cycles and deep customer integration.

Founded in 2003 and headquartered in Carlsbad, California, MaxLinear operates within the Semiconductors GICS Sub-Industry.

To further investigate MXLs financial performance and market position, consider exploring ValueRays detailed analytics.

Headlines to Watch Out For
  • Broadband access product sales drive revenue
  • Connectivity solutions demand impacts growth
  • Infrastructure market spending influences sales
  • Semiconductor supply chain disruptions increase costs
Piotroski VR‑10 (Strict) 3.5
Net Income: -136.7m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 8.15 > 1.0
NWC/Revenue: 13.43% < 20% (prev 39.15%; Δ -25.72% < -1%)
CFO/TA 0.02 > 3% & CFO 19.6m > Net Income -136.7m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 1.34 > 1.5 & < 3
Outstanding Shares: last quarter (87.2m) vs 12m ago 3.26% < -2%
Gross Margin: 56.51% > 18% (prev 0.53%; Δ 5.60k% > 0.5%)
Asset Turnover: 56.23% > 50% (prev 41.59%; Δ 14.64% > 0%)
Interest Coverage Ratio: -13.01 > 6 (EBITDA TTM -90.6m / Interest Expense TTM 10.1m)
Altman Z'' -4.11
A: 0.08 (Total Current Assets 248.8m - Total Current Liabilities 186.0m) / Total Assets 796.4m
B: -0.63 (Retained Earnings -500.4m / Total Assets 796.4m)
C: -0.16 (EBIT TTM -130.8m / Avg Total Assets 831.6m)
D: -1.45 (Book Value of Equity -499.4m / Total Liabilities 344.5m)
Altman-Z'' Score: -4.11 = D
Beneish M -3.47
DSRI: 0.42 (Receivables 46.1m/85.5m, Revenue 467.6m/360.5m)
GMI: 0.94 (GM 56.51% / 53.37%)
AQI: 1.13 (AQ_t 0.61 / AQ_t-1 0.54)
SGI: 1.30 (Revenue 467.6m / 360.5m)
TATA: -0.20 (NI -136.7m - CFO 19.6m) / TA 796.4m)
Beneish M-Score: -3.47 (Cap -4..+1) = AA
What is the price of MXL shares? As of April 14, 2026, the stock is trading at USD 21.31 with a total of 1,287,928 shares traded.
Over the past week, the price has changed by +15.50%, over one month by +26.17%, over three months by +16.19% and over the past year by +115.25%.
Is MXL a buy, sell or hold? MaxLinear has received a consensus analysts rating of 3.73. Therefor, it is recommend to hold MXL.
  • StrongBuy: 4
  • Buy: 0
  • Hold: 7
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the MXL price?
Analysts Target Price 21.6 1.1%
MaxLinear (MXL) - Fundamental Data Overview as of 12 April 2026
P/E Forward = 23.1481
P/S = 3.9611
P/B = 2.8888
P/EG = 0.3937
Revenue TTM = 467.6m USD
EBIT TTM = -130.8m USD
EBITDA TTM = -90.6m USD
Long Term Debt = 123.6m USD (from longTermDebt, last quarter)
Short Term Debt = 9.10m USD (from shortTermDebt, last quarter)
Debt = 157.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 83.1m USD (from netDebt column, last quarter)
Enterprise Value = 1.94b USD (1.85b + Debt 157.3m - CCE 74.2m)
Interest Coverage Ratio = -13.01 (Ebit TTM -130.8m / Interest Expense TTM 10.1m)
EV/FCF = 275.7x (Enterprise Value 1.94b / FCF TTM 7.02m)
FCF Yield = 0.36% (FCF TTM 7.02m / Enterprise Value 1.94b)
FCF Margin = 1.50% (FCF TTM 7.02m / Revenue TTM 467.6m)
Net Margin = -29.23% (Net Income TTM -136.7m / Revenue TTM 467.6m)
Gross Margin = 56.51% ((Revenue TTM 467.6m - Cost of Revenue TTM 203.4m) / Revenue TTM)
Gross Margin QoQ = 57.58% (prev 56.58%)
Tobins Q-Ratio = 2.43 (Enterprise Value 1.94b / Total Assets 796.4m)
Interest Expense / Debt = 1.52% (Interest Expense 2.39m / Debt 157.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = -103.4m (EBIT -130.8m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.34 (Total Current Assets 248.8m / Total Current Liabilities 186.0m)
Debt / Equity = 0.35 (Debt 157.3m / totalStockholderEquity, last quarter 451.9m)
 Debt / EBITDA = -0.92 (negative EBITDA) (Net Debt 83.1m / EBITDA -90.6m)
 Debt / FCF = 11.84 (Net Debt 83.1m / FCF TTM 7.02m)
Total Stockholder Equity = 474.5m (last 4 quarters mean from totalStockholderEquity)
RoA = -16.44% (Net Income -136.7m / Total Assets 796.4m)
RoE = -28.80% (Net Income TTM -136.7m / Total Stockholder Equity 474.5m)
RoCE = -21.87% (EBIT -130.8m / Capital Employed (Equity 474.5m + L.T.Debt 123.6m))
 RoIC = -17.29% (negative operating profit) (NOPAT -103.4m / Invested Capital 597.9m)
 WACC = 12.32% (E(1.85b)/V(2.01b) * Re(13.26%) + D(157.3m)/V(2.01b) * Rd(1.52%) * (1-Tc(0.21)))
Discount Rate = 13.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.35%
[DCF] Terminal Value 53.90% ; FCFF base≈7.02m ; Y1≈4.61m ; Y5≈2.11m
 [DCF] Fair Price = N/A (negative equity: EV 24.2m - Net Debt 83.1m = -58.9m; debt exceeds intrinsic value)
 EPS Correlation: -75.08 | EPS CAGR: -35.78% | SUE: 0.32 | # QB: 0
Revenue Correlation: -78.73 | Revenue CAGR: -16.13% | SUE: 0.47 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.19 | Chg7d=+0.020 | Chg30d=+0.020 | Revisions Net=+11 | Analysts=11
EPS current Year (2026-12-31): EPS=0.86 | Chg7d=+0.112 | Chg30d=+0.111 | Revisions Net=+11 | Growth EPS=+177.3% | Growth Revenue=+20.9%
EPS next Year (2027-12-31): EPS=1.14 | Chg7d=+0.079 | Chg30d=+0.083 | Revisions Net=+6 | Growth EPS=+32.1% | Growth Revenue=+10.7%
[Analyst] Revisions Ratio: +1.00 (11 Up / 0 Down within 30d for Next Quarter)
External Resources
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