Skip to content
ES
MARKETS / NASDAQ / MXL
NASDAQ · SEMICONDUCTORS & RELATED DEVICES · LARGE CAP

Maxlinear, Inc. MXL

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$467.6M
▲ 29.7% YoY
$-136.7M
$7.0M
In brief

What this company does

MaxLinear, Inc. is a provider of communications systems-on-chip used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. It is a fabless integrated circuit design company whose products integrate all or substantial portions of a high-speed communication system, including radio frequency, high-performance analog, mixed-signal, digital signal processing, security engines, data compression and networking layers, and power management. As of December 31, 2025, the company had 1,115 full-time employees, including 786 in research and development, 200 in sales and marketing, 27 in operations and semiconductor technology, and 102 in administration. Ten customers accounted for approximately 65% of its net revenue in the year ended December 31, 2025. Products shipped to Asia accounted for 82% of its net revenue in the year ended December 31, 2025, including 49% shipped to Hong Kong and 12% shipped to Vietnam. Its engineering design teams are located in Carlsbad, Irvine, and San Jose in California; Singapore; Shanghai and Shenzhen in China; Taipei and Hsinchu in Taiwan; India; and Germany, Israel, and Spain. MaxLinear, Inc. incorporated in the State of Delaware in September 2003.

Written from the business description in MAXLINEAR, INC's annual report to the U.S. Securities and Exchange Commission, filed 29 January 2026. Every sentence was checked against that document before publication.

Growth
USD 467.6M
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 0.5 · Net income -0.1
0.4B0.8B-0.1B-0.2B200920112013201520172019202120232025
Compound annual growth
−25.3%
−0.5%
+4.5%
+13.6%
−14.7%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −0.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−29 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -27.1% · Net -29.2%
5%10%15%-20%-40%-60%200920112013201520172019202120232025
ROE
FY2025 · ROE -28.2%
10%20%-20%-40%200920112013201520172019202120232025
Gross margin56.8%
Operating margin-27.1%
Net margin-29.2%
Return on assets-16.5%
EBITDAUSD -82.9M

Each USD of equity lost 28 cents this year.

Cash & shareholders
USD 16.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 7.0
200.0M-25.0M-50.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 16.4
10M20M-4M-8M20112013201520172019202120232025
Dividends paid—
Net buybacksUSD 16.4M
Share of profit-12.0%
Consecutive raises—

USD 16.4M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 796.4M
EquityUSD 451.9M
CashUSD 72.8M
Gross debtUSD 123.6M
Net debtUSD 50.8M
Current ratio1.34×

Net debt stands at 11% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.40.71.10.90.50.30.40.40.40.30.10.10.10.10.10.1
Operating income $B−0.1−0.2−0.00.20.1−0.1−0.0−0.0−0.00.1−0.0−0.0−0.0−0.0−0.00.00.0
EBITDA $B−0.1−0.20.00.30.2−0.00.00.10.00.1−0.0−0.0−0.0−0.0−0.00.00.0
Income tax $B−0.00.00.00.00.0−0.0−0.0−0.0−0.00.0−0.0−0.00.00.00.0−0.00.0
Net income $B−0.1−0.2−0.10.10.0−0.1−0.0−0.0−0.00.1−0.0−0.0−0.0−0.0−0.00.00.0
Free cash flow $B0.0−0.10.00.30.10.10.10.10.10.10.10.00.00.0−0.00.00.0
EPS, diluted $−1.58−2.93−0.911.550.53−1.35−0.28−0.38−0.140.91−0.79−0.19−0.37−0.40−0.680.300.06
Dividend / sh $·················
Payout %·················
ROE %−28.2−40.8−10.721.59.5−24.5−4.9−6.7−2.519.9−23.4−7.6−15.3−15.3−22.323.7·
Shares out B0.090.080.080.080.080.070.070.070.070.000.000.000.000.000.000.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 83 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated innot stated in the filings
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image