MXL
MaxLinear, Inc.

MaxLinear, Inc.MXL

Technology · Semiconductors
87.43USD
+1.69%
Sep 23, 2026
MXL overview ready
MaxLinear is a mixed-signal connectivity-chip supplier to the AI data-center interconnect stack, while retaining substantial exposure to broadband-access, Wi-Fi, wireline and wireless-infrastructure markets.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Fabric Networking and Optical Interconnect — component supplier.
Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
Demanding valuation
The price embeds expectations that run ahead of what comparable businesses command.
Fundamentals under pressure
Free cash flow yield is weak.
Primary risk
Cyclical demand in semiconductor and telecom sectors.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 9

Conviction Level

NarrativeHeat9.5ThemeHeat9.1PriceAction8.0Valuation2.1CompanyPosition7.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads extended trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location. The advance off that reset has already consumed part of the entry advantage while the weekly trend remains extended, which tempers the assessment.

Key Financials

Market Cap
$7.9B
Avg Volume (60D)
3.0M
60 sessions
Revenue Growth YoY
+29.7%
FY2025 vs FY2024
Gross Margin
+57.5%
Trailing twelve months
Operating Margin
-13.6%
Trailing twelve months
Free Cash Flow Yield
+0.0%
Distance from 200DMA
+72.5%
Next Earnings
2026-10-22
P/E
N/M
EV / Sales
14.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Only one valuation perspective could be built for this company, and it reads expensive.
MaxLinear, Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of what comparable businesses command. It trades at 14.0x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
MaxLinear is a mixed-signal connectivity-chip supplier to the AI data-center interconnect stack, while retaining substantial exposure to broadband-access, Wi-Fi, wireline and wireless-infrastructure markets.
Opportunity
Moderate opportunity
AI-cluster deployment is increasing demand for higher-bandwidth, lower-power optical and electrical links, including DSPs, retimers, active electrical cables, optical modules and fabric connectivity required to scale accelerator clusters.
Key risk
Cyclical demand in semiconductor and telecom sectors.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Fabric Networking and Optical Interconnect, with strong fit.
MXL is not merely adjacent to data-center spending: its PAM4 DSPs, TIAs and 224G retimers are designed for 400G through 1.6T optical and electrical interconnects used in AI data centers.
Narrative HeatHot9.5 / 10
Theme HeatHot9.1 / 10

Business & Markets

Technology · Semiconductors
What they do

MaxLinear, Inc. designs and supplies integrated communications systems-on-chip that combine radio frequency, analog, digital signal processing, and power management components for high-speed communication devices globally.

How it earns

The company generates revenue primarily through the sale of semiconductor products on a transactional basis.

Products & services
Radio frequency transceivers
Modems for 4G/5G infrastructure
Optical transceivers
Wi-fi and wireline routers
Customers & end markets
Telecommunications equipment manufacturers
Home networking device makers
Market position

Niche player specializing in integrated communication system chips within the semiconductor industry.

Demand drivers
Medium cyclicality

Semiconductor demand is influenced by broader technology investment cycles and telecom infrastructure spending.