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Makes RF and mixed-signal chips for broadband access (cable/fiber modems), infrastructure and connectivity applications.
Makes RF and mixed-signal chips for broadband access (cable/fiber modems), infrastructure and connectivity applications.
Designs chips and leaves manufacturing to contract foundries, selling to modem, router and networking-equipment makers that design its parts into products. A design win sets volume for that product's life, so sales follow the cycles of broadband and data-centre equipment spending.
Moat: narrow (IP / patents). Niche RF/mixed-signal broadband IP, but faces bigger, better-funded competitors and a failed 2023 Silicon Motion acquisition.
Headquarters: Carlsbad, California, United States · Founded: 2003 · Employees: 1,115
Size MaxLinear (MXL) is a United States Information Technology company (Semiconductors) with a market value of $4.48B, the 1268th largest of 3,117 United States companies the cockpit tracks. Shares closed at $49.18 on 6 Nov 2026.
Performance Over six months the shares fell 50.7%, against -26.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 19 in its peer set.
Growth Revenue grew 56.0% over the last twelve months (peer median +22.7%); the operating margin is -0.8% (peer median 10.3%).
Valuation It trades at 12.1× forward earnings against a peer median of 24.9× (2nd cheapest of 16).
Capital Return on invested capital runs 20.0 points below its cost of capital (19.3% WACC).
Short interest Short interest is 4.9% of the free float (15 Oct 2026).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $661M | $468M | $361M | $693M | $1.12B |
| Revenue growth | — | +30% | -48% | -38% | — |
| Gross profit | $368M | $241M | $192M | $383M | $638M |
| EBITDA | $34.0M | -$58.4M | -$123M | $46.6M | $257M |
| Net income | -$29.4M | -$137M | -$245M | -$73.1M | $125M |
| Free cash flow | -$20.6M | $7.02M | -$63.0M | $11.6M | $347M |
| Capital expenditure | $18.7M | $19.8M | $23.4M | $19.8M | $52.4M |
| Total debt | $186M | $145M | $149M | $158M | $156M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MaxLinear MXL | $4.48B | -51% | +56% | -1% | 12.1× | n/a |
| Broadcom AVGO | $1.40T | -32% | +49% | 49% | 16.9× | 26.6% |
| Mediatek 2454.TW | $164B | +7% | +6% | 15% | 24.7× | 40.7% |
| Marvell Technology MRVL | $124B | -17% | +31% | 17% | 25.0× | 54.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MXL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -47.5% | -17.2% | 2nd lowest of 21 |
| 6-month return | -50.7% | -26.4% | 4th lowest of 19 |
| Distance from 52-week high | -61.7% | -54.2% | 7th lowest of 21 |
| Revenue growth (TTM) | +56.0% | +22.7% | 5th highest of 21 |
| Operating margin | -0.8% | 10.3% | 6th lowest of 21 |
| Forward P/E | 12.1× | 24.9× | 2nd cheapest of 16 |
| ROIC minus cost of capital | -20.0 pp | -1.8 pp | 2nd lowest of 20 |
| Net debt / EBITDA | 3.0× | -0.3× | 2nd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MaxLinear MXL | United States | $4.48B | -51% | +56% | -1% | 12.1× | n/a | n/a |
| Chongqing Genori Technology 688797.SS | China | $4.45B | n/a | +37% | 29% | n/a | n/a | n/a |
| Maxscend Microelectronics 300782.SZ | China | $4.51B | -47% | -6% | -25% | n/a | n/a | n/a |
| Macronix International 2337.TW | Taiwan | $4.52B | -53% | +127% | 38% | 1.8× | -7.5% | -6.2% |
| Bestechnic (Shanghai) 688608.SS | China | $4.41B | +2% | -26% | 8% | 50.6× | 42.7% | +27.1% |
| Shanghai Fudan Microelectronics 1385.HK | Hong Kong | $4.55B | -48% | +21% | 13% | 12.7× | 19.3% | +18.1% |
| Shenzhen Goodix Technology 603160.SS | China | $4.35B | -2% | -7% | 6% | 51.0× | 26.7% | -6.8% |
| Powertech Technology 6239.TW | Taiwan | $4.61B | -11% | +24% | 13% | 13.2× | n/a | n/a |
| Synaptics SYNA | United States | $4.63B | -7% | +11% | -3% | 21.6× | 34.6% | -2.2% |
| Hanwha Solutions 009830.KS | South Korea | $4.30B | -49% | +14% | 0% | 20.1× | n/a | n/a |
| Premier Energies PREMIERENE.NS | India | $4.28B | -13% | +32% | 25% | 19.7× | n/a | n/a |
| Applied Optoelectronics AAOI | United States | $4.26B | -66% | +62% | -11% | 23.5× | n/a | n/a |
| Hunan Goke Microelectronics 300672.SZ | China | $4.24B | -27% | +54% | 5% | 56.9× | 46.0% | +19.7% |
| Shanghai Aiko Solar Energy 600732.SS | China | $4.23B | -13% | +25% | -8% | n/a | n/a | n/a |
| eMemory Technology 3529.TWO | Taiwan | $4.17B | -58% | +17% | 61% | 45.0× | 32.2% | +16.7% |
| CSI Solar 688472.SS | China | $4.87B | -37% | -36% | -2% | 48.8× | n/a | n/a |
| MaxOne Semiconductor (Suzhou) 688809.SS | China | $4.90B | +2% | +57% | 39% | n/a | n/a | n/a |
| Jiangsu Leadmicro Nano Technology 688147.SS | China | $4.06B | -26% | -5% | 3% | 82.1× | n/a | n/a |
| Chengdu Ultra Pure Applied Materials 301717.SZ | China | $4.03B | n/a | +93% | 42% | n/a | n/a | n/a |
| Allwinner Technology 300458.SZ | China | $4.02B | -25% | +26% | 15% | 57.3× | n/a | n/a |
| Zhejiang Quartz Crystal Optoelectronic Technology 002273.SZ | China | $5.03B | -28% | +19% | 18% | 24.9× | 16.9% | +16.5% |