MXL Stock Analysis: MaxLinear | NASDAQ
Semiconductors | NASDAQ, USA | Market Cap: 6.485m USD | 12M Return: 339.4% | US57776J1007 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 147M
Qual. Beats: 0
Rev. Trend: -40.8%
Qual. Beats: 1
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
MaxLinear, Inc. (NASDAQ: MXL) is a fabless semiconductor company headquartered in Carlsbad, California, that designs communications systems-on-chip (SoC) integrating RF, analog, mixed-signal, digital signal processing, security, data compression, networking, and power management functions onto a single device. The company sells into the United States, Asia, Europe, and other international markets, serving electronics distributors, module makers, OEMs, and ODMs through a direct sales force, third-party representatives, and distributor networks. MaxLinear has been publicly traded since its March 2010 IPO and is classified within the Information Technology sectors Semiconductors sub-industry.
The companys SoCs target high-speed communication infrastructure and connected devices, including 4G/5G base-station and backhaul equipment, optical transceivers, Wi-Fi and wireline home routers, and broadband modems compliant with DOCSIS (cable), passive optical fiber (PON), and DSL standards. As a fabless chip designer, MaxLinear outsources semiconductor manufacturing to third-party foundries and concentrates internal resources on design, integration, and intellectual property. The communications SoC market in which it competes is typically characterized by short product life cycles, rapid standards evolution, and concentration among a relatively small group of broadband and wireless equipment customers.
MaxLinear maintains strategic collaborations aimed at expanding its addressable markets, including a partnership with Edgecore Networks Corporation to develop networking infrastructure for enterprise and small-and-medium business applications, and a partnership with GCT Semiconductor Holding, Inc. to develop 5G fixed wireless access (FWA) and converged gateways for consumer and enterprise use cases. These alliances supplement MaxLinears direct product portfolio by combining its SoCs with partners reference designs and platform expertise to address the growing demand for high-throughput, multi-standard broadband connectivity.
- 5G fixed wireless access chip demand scales with carrier rollouts
- Gross margin recovery hinges on broadband and fiber chip volume
- Competitive pricing pressure from Broadcom weighs on broadband market share
| Net Income: -103.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA 8.39 > 1.0 |
| NWC/Revenue: 22.94% < 20% (prev 30.86%; Δ -7.92% < -1%) |
| CFO/TA 0.02 > 3% & CFO 16.5m > Net Income -103.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (88.8m) vs 12m ago 2.54% < -2% |
| Gross Margin: 57.42% > 18% (prev 55.11%; Δ 2.31% > 0.5%) |
| Asset Turnover: 67.48% > 50% (prev 43.77%; Δ 23.71% > 0%) |
| Interest Coverage Ratio: -8.02 > 6 (EBIT TTM -76.2m / Interest Expense TTM 9.51m) |
| A: 0.16 (Total Current Assets 298.7m - Total Current Liabilities 168.1m) / Total Assets 822.6m |
| B: -0.66 (Retained Earnings -543.8m / Total Assets 822.6m) |
| C: -0.09 (EBIT TTM -76.2m / Avg Total Assets 843.2m) |
| D: 1.44 (Book Value of Equity 484.8m / Total Liabilities 337.7m) |
| Altman-Z'' = -0.21 = B |
| DSRI: 0.32 (Receivables 51.0m/105.8m, Revenue 568.9m/378.0m) |
| GMI: 0.96 (GM 55.11% / 57.42%) |
| AQI: 1.04 (AQ_t 0.56 / AQ_t-1 0.54) |
| SGI: 1.51 (Revenue 568.9m / 378.0m) |
| TATA: -0.15 (NI -103.8m - CFO 16.5m) / TA 822.6m) |
| Beneish M = -3.25 (Cap -4..+1) = AA |
As of September 11, 2026, the stock is trading at USD 69.34 with a total of 2,280,040 shares traded. Over the past week, the price has changed by +15.37%, over one month by +1.32%, over three months by -3.63% and over the past year by +339.42%.
Current recommended Stop Loss: 61.60 (which is 11.2% or 1.4 ATR below the current price).
MaxLinear has received a consensus analysts rating of 4.18. Therefore, it is recommended to buy MXL.
- StrongBuy: 6
- Buy: 1
- Hold: 4
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 94.6 | 36.4% |
P/E Forward = 24.8756
P/S = 11.3994
P/B = 12.4394
P/EG = 0.3937
Revenue TTM = 568.9m USD
EBIT TTM = -76.2m USD
EBITDA TTM = -40.1m USD
Long Term Debt = 123.9m USD (from longTermDebt, last quarter)
Short Term Debt = 17.6m USD (from shortTermDebt, last quarter)
Debt = 163.7m USD (from shortLongTermDebtTotal, last quarter) + Leases 24.3m
Net Debt = 98.8m USD (calculated: Debt 163.7m - CCE 64.8m)
Enterprise Value = 6.58b USD (6.49b + Debt 163.7m - CCE 64.8m)
Interest Coverage Ratio = -8.02 (Ebit TTM -76.2m / Interest Expense TTM 9.51m)
EV/FCF = 1000.0x (Enterprise Value 6.58b / FCF TTM 3.31m)
FCF Yield = 0.05% (FCF TTM 3.31m / Enterprise Value 6.58b)
FCF Margin = 0.58% (FCF TTM 3.31m / Revenue TTM 568.9m)
Net Margin = -18.24% (Net Income TTM -103.8m / Revenue TTM 568.9m)
Gross Margin = 57.42% ((Revenue TTM 568.9m - Cost of Revenue TTM 242.3m) / Revenue TTM)
Gross Margin QoQ = 57.84% (prev 57.50%)
Tobins Q-Ratio = 8.00 (Enterprise Value 6.58b / Total Assets 822.6m)
Interest Expense / Debt = 5.81% (Interest Expense 9.51m / Debt 163.7m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -60.2m (EBIT -76.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.78 (Total Current Assets 298.7m / Total Current Liabilities 168.1m)
Debt / Equity = 0.34 (Debt 163.7m / totalStockholderEquity, last quarter 484.8m)
Debt / EBITDA = -2.46 (negative EBITDA) (Net Debt 98.8m / EBITDA -40.1m)
Debt / FCF = 29.88 (Net Debt 98.8m / FCF TTM 3.31m)
Total Stockholder Equity = 463.9m (last 4 quarters mean from totalStockholderEquity)
RoA = -12.31% (Net Income -103.8m / Total Assets 822.6m)
RoE = -22.37% (Net Income TTM -103.8m / Total Stockholder Equity 463.9m)
RoCE = -12.97% (EBIT -76.2m / Capital Employed (Equity 463.9m + L.T.Debt 123.9m))
RoIC = -9.36% (negative operating profit) (NOPAT -60.2m / Invested Capital 643.6m)
WACC = 17.10% (E(6.49b)/V(6.65b) * Re(17.42%) + D(163.7m)/V(6.65b) * Rd(5.81%) * (1-Tc(0.21)))
Discount Rate = 17.42% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 98.74 | Cagr: 3.42%
[DCF] Terminal Value 50.89% ; FCFF base≈3.31m ; Y1≈3.32m ; Y5≈3.52m
[DCF] Fair Price = N/A (negative equity: EV 22.0m - Net Debt 98.8m = -76.8m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -40.79 | Revenue CAGR: -11.48% | SUE: 1.14 | # QB: 1
EPS current Quarter (2026-09-30): EPS=0.56 | Chg30d=+48.67% | Revisions=+73% | Analysts=9
EPS current Year (2026-12-31): EPS=1.75 | Chg30d=+30.84% | Revisions=+73% | GrowthEPS=+464.5% | GrowthRev=+57.8%
EPS next Year (2027-12-31): EPS=2.58 | Chg30d=+37.74% | Revisions=+70% | GrowthEPS=+47.6% | GrowthRev=+29.2%
[Analyst] Revisions Ratio: +88% (up=23, down=0)