(MXL) MaxLinear - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US57776J1007

SoC, Transceiver, Modem, RF, Mixed-Signal

EPS (Earnings per Share)

EPS (Earnings per Share) of MXL over the last years for every Quarter: "2020-12": 0.39, "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,

Revenue

Revenue of MXL over the last years for every Quarter: 2020-12: 194.716, 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,

Dividends

Currently no dividends paid
Risk via 5d forecast
Volatility 71.4%
Value at Risk 5%th 111%
Relative Tail Risk -5.32%
Reward TTM
Sharpe Ratio 0.08
Alpha -44.43
CAGR/Max DD -0.24
Character TTM
Hurst Exponent 0.399
Beta 2.329
Beta Downside 2.696
Drawdowns 3y
Max DD 78.84%
Mean DD 53.06%
Median DD 57.16%

Description: MXL MaxLinear November 12, 2025

MaxLinear (NASDAQ:MXL) designs and sells integrated communications system-on-chip (SoC) solutions that combine RF front-ends, high-performance analog, mixed-signal, DSP, security, data-compression, networking, and power-management functions. Its chips are embedded in 4G/5G base-station and backhaul equipment, optical transceivers, home-router Wi-Fi and wireline products, and broadband modems that meet DOCSIS, PON and DSL standards. The company reaches customers-including distributors, module makers, OEMs, and ODMs-through a direct sales force, third-party reps, and a global distributor network, and it has been operating since 2003 from its headquarters in Carlsbad, California.

Key recent metrics: FY 2023 revenue reached roughly $1.2 billion, with a gross margin of ~55% and cash on hand of $400 million, while R&D spending remained near 15% of revenue. The semiconductor segment is being driven by accelerating 5G rollout, increasing demand for edge-compute connectivity, and persistent supply-chain tightening that favors vendors with integrated, low-power SoCs. MaxLinear’s exposure to both wireless infrastructure and consumer broadband positions it to benefit from the broader industry trend of converging data-center and telecom traffic.

For a deeper quantitative view of MaxLinear’s valuation and risk profile, the ValueRay platform provides a concise, data-driven dashboard that’s worth a quick look.

Piotroski VR‑10 (Strict, 0-10) 2.5

Net Income (-179.6m TTM) > 0 and > 6% of Revenue (6% = 25.4m TTM)
FCFTA -0.04 (>2.0%) and ΔFCFTA 4.04pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 23.76% (prev 40.55%; Δ -16.80pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA -0.02 (>3.0%) and CFO -18.6m > Net Income -179.6m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 1.55 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (87.2m) change vs 12m ago 3.70% (target <= -2.0% for YES)
Gross Margin 55.83% (prev 53.26%; Δ 2.57pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 49.71% (prev 43.98%; Δ 5.73pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -14.66 (EBITDA TTM -114.2m / Interest Expense TTM 10.5m) >= 6 (WARN >= 3)

Altman Z'' -3.84

(A) 0.12 = (Total Current Assets 284.1m - Total Current Liabilities 183.6m) / Total Assets 808.1m
(B) -0.60 = Retained Earnings (Balance) -485.5m / Total Assets 808.1m
(C) -0.18 = EBIT TTM -153.4m / Avg Total Assets 851.7m
(D) -1.41 = Book Value of Equity -485.3m / Total Liabilities 343.4m
Total Rating: -3.84 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 18.38

1. Piotroski 2.50pt
2. FCF Yield -1.85%
3. FCF Margin -7.02%
4. Debt/Equity 0.31
5. Debt/Ebitda -0.28
6. ROIC - WACC (= -39.74)%
7. RoE -36.61%
8. Rev. Trend -85.51%
9. EPS Trend -82.04%

What is the price of MXL shares?

As of December 31, 2025, the stock is trading at USD 17.58 with a total of 702,141 shares traded.
Over the past week, the price has changed by -2.60%, over one month by +9.33%, over three months by +10.22% and over the past year by -13.91%.

Is MXL a buy, sell or hold?

MaxLinear has received a consensus analysts rating of 3.73. Therefor, it is recommend to hold MXL.
  • Strong Buy: 4
  • Buy: 0
  • Hold: 7
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the MXL price?

Issuer Target Up/Down from current
Wallstreet Target Price 20.5 16.3%
Analysts Target Price 20.5 16.3%
ValueRay Target Price 15.2 -13.6%

MXL Fundamental Data Overview December 24, 2025

Market Cap USD = 1.58b (1.58b USD * 1.0 USD.USD)
P/E Forward = 25.7732
P/S = 3.725
P/B = 3.3936
P/EG = 0.3937
Beta = 1.824
Revenue TTM = 423.4m USD
EBIT TTM = -153.4m USD
EBITDA TTM = -114.2m USD
Long Term Debt = 123.5m USD (from longTermDebt, last quarter)
Short Term Debt = 9.57m USD (from shortTermDebt, last quarter)
Debt = 145.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 31.9m USD (from netDebt column, last quarter)
Enterprise Value = 1.61b USD (1.58b + Debt 145.2m - CCE 113.2m)
Interest Coverage Ratio = -14.66 (Ebit TTM -153.4m / Interest Expense TTM 10.5m)
FCF Yield = -1.85% (FCF TTM -29.7m / Enterprise Value 1.61b)
FCF Margin = -7.02% (FCF TTM -29.7m / Revenue TTM 423.4m)
Net Margin = -42.43% (Net Income TTM -179.6m / Revenue TTM 423.4m)
Gross Margin = 55.83% ((Revenue TTM 423.4m - Cost of Revenue TTM 187.0m) / Revenue TTM)
Gross Margin QoQ = 56.58% (prev 56.00%)
Tobins Q-Ratio = 1.99 (Enterprise Value 1.61b / Total Assets 808.1m)
Interest Expense / Debt = 1.82% (Interest Expense 2.65m / Debt 145.2m)
Taxrate = -4.83% (negative due to tax credits) (2.10m / -43.4m)
NOPAT = -160.9m (EBIT -153.4m * (1 - -4.83%)) [loss with tax shield] [negative tax rate / tax credits]
Current Ratio = 1.55 (Total Current Assets 284.1m / Total Current Liabilities 183.6m)
Debt / Equity = 0.31 (Debt 145.2m / totalStockholderEquity, last quarter 464.7m)
Debt / EBITDA = -0.28 (negative EBITDA) (Net Debt 31.9m / EBITDA -114.2m)
Debt / FCF = -1.07 (negative FCF - burning cash) (Net Debt 31.9m / FCF TTM -29.7m)
Total Stockholder Equity = 490.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -22.23% (Net Income -179.6m / Total Assets 808.1m)
RoE = -36.61% (Net Income TTM -179.6m / Total Stockholder Equity 490.6m)
RoCE = -24.99% (EBIT -153.4m / Capital Employed (Equity 490.6m + L.T.Debt 123.5m))
RoIC = -26.21% (negative operating profit) (NOPAT -160.9m / Invested Capital 613.9m)
WACC = 13.53% (E(1.58b)/V(1.72b) * Re(14.60%) + D(145.2m)/V(1.72b) * Rd(1.82%) * (1-Tc(-0.05)))
Discount Rate = 14.60% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 3.31%
Fair Price DCF = unknown (Cash Flow -29.7m)
EPS Correlation: -82.04 | EPS CAGR: -38.37% | SUE: 0.66 | # QB: 0
Revenue Correlation: -85.51 | Revenue CAGR: -16.43% | SUE: 0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.14 | Chg30d=-0.017 | Revisions Net=-1 | Analysts=11
EPS next Year (2026-12-31): EPS=0.75 | Chg30d=-0.040 | Revisions Net=-1 | Growth EPS=+159.6% | Growth Revenue=+18.2%

Additional Sources for MXL Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle