MaxLinear (MXL)
Market Price (6/12/2026): $82.2 | Market Cap: $7.2 BilSector: Information Technology | Industry: Semiconductors
MaxLinear (MXL)
Market Price (6/12/2026): $82.2Market Cap: $7.2 BilSector: Information TechnologyIndustry: Semiconductors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% Megatrend and thematic driversMegatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Telecom Infrastructure, Show more. | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -81 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 285x Stock price has recently run up significantly6M Rtn6 month market price return is 267%, 12M Rtn12 month market price return is 472% Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14% Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 281% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.1% High stock price volatilityVol 12M is 108% Key risksMXL key risks include [1] persistent GAAP operating losses indicating structural financial weaknesses and [2] an ongoing legal dispute with Silicon Motion involving a $160 million claim. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 41% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and 5G & Advanced Connectivity. Themes include Data Centers & Infrastructure, Telecom Infrastructure, Show more. |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -81 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -16% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 285x |
| Stock price has recently run up significantly6M Rtn6 month market price return is 267%, 12M Rtn12 month market price return is 472% |
| Weak revenue growthRev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14% |
| Significant share based compensationSBC/Rev LTMShare Based Compensation / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 281% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -6.1% |
| High stock price volatilityVol 12M is 108% |
| Key risksMXL key risks include [1] persistent GAAP operating losses indicating structural financial weaknesses and [2] an ongoing legal dispute with Silicon Motion involving a $160 million claim. |
Qualitative Assessment
AI Analysis | Feedback
MaxLinear (MXL) stock has gained about 365% since 2/28/2026 because of the following key factors:
1. Exceptional Q1 2026 Earnings Beat and Robust Q2 Guidance Fueled Optimism. MaxLinear announced impressive financial results for fiscal Q1 2026 (ended March 31, 2026) on April 23, 2026, reporting an adjusted earnings per share (EPS) of $0.22, significantly surpassing analyst expectations of $0.13 to $0.18. Revenue for the quarter reached $137.2 million, marking a 43% year-over-year increase and exceeding consensus estimates. Crucially, the company provided strong guidance for fiscal Q2 2026, forecasting revenue between $160 million and $170 million, well above prior analyst expectations, indicating a sustained profitability ramp and a multi-year growth phase.
2. Surging Infrastructure Segment Growth Driven by AI and Data Center Demand. The company's infrastructure segment emerged as a primary growth driver, experiencing a year-over-year increase of over 130% in fiscal Q1 2026 and becoming MaxLinear's largest revenue category. This growth is largely attributed to strong production ramps in optical data center-oriented platforms, directly benefiting from the escalating demand for artificial intelligence (AI) applications. MaxLinear highlighted the successful ramp-up of its Keystone PAM4 DSP optical transceiver platform at major hyperscale customers for 400-gig and 800-gig deployments, with further contributions expected from the Rushmore DSP family starting in late 2026.
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Stock Movement Drivers
Fundamental Drivers
The 365.2% change in MXL stock from 2/28/2026 to 6/11/2026 was primarily driven by a 329.2% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 17.43 | 81.09 | 365.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 468 | 509 | 8.8% |
| P/S Multiple | 3.3 | 14.0 | 329.2% |
| Shares Outstanding (Mil) | 87 | 88 | -0.4% |
| Cumulative Contribution | 365.2% |
Market Drivers
2/28/2026 to 6/11/2026| Return | Correlation | |
|---|---|---|
| MXL | 365.2% | |
| Market (SPY) | 7.8% | 26.2% |
| Sector (XLK) | 32.2% | 36.8% |
Fundamental Drivers
The 420.8% change in MXL stock from 11/30/2025 to 6/11/2026 was primarily driven by a 335.3% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.57 | 81.09 | 420.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 423 | 509 | 20.2% |
| P/S Multiple | 3.2 | 14.0 | 335.3% |
| Shares Outstanding (Mil) | 87 | 88 | -0.5% |
| Cumulative Contribution | 420.8% |
Market Drivers
11/30/2025 to 6/11/2026| Return | Correlation | |
|---|---|---|
| MXL | 420.8% | |
| Market (SPY) | 8.6% | 28.4% |
| Sector (XLK) | 28.4% | 39.1% |
Fundamental Drivers
The 611.9% change in MXL stock from 5/31/2025 to 6/11/2026 was primarily driven by a 419.1% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.39 | 81.09 | 611.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 361 | 509 | 40.9% |
| P/S Multiple | 2.7 | 14.0 | 419.1% |
| Shares Outstanding (Mil) | 85 | 88 | -2.7% |
| Cumulative Contribution | 611.9% |
Market Drivers
5/31/2025 to 6/11/2026| Return | Correlation | |
|---|---|---|
| MXL | 611.9% | |
| Market (SPY) | 26.6% | 32.9% |
| Sector (XLK) | 59.6% | 41.8% |
Fundamental Drivers
The 177.6% change in MXL stock from 5/31/2023 to 6/11/2026 was primarily driven by a 564.3% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6112026 | Change |
|---|---|---|---|
| Stock Price ($) | 29.21 | 81.09 | 177.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,105 | 509 | -53.9% |
| P/S Multiple | 2.1 | 14.0 | 564.3% |
| Shares Outstanding (Mil) | 79 | 88 | -9.3% |
| Cumulative Contribution | 177.6% |
Market Drivers
5/31/2023 to 6/11/2026| Return | Correlation | |
|---|---|---|
| MXL | 177.6% | |
| Market (SPY) | 83.5% | 42.7% |
| Sector (XLK) | 127.7% | 48.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MXL Return | 97% | -55% | -30% | -17% | -12% | 313% | 88% |
| Peers Return | 32% | -38% | 51% | 29% | 7% | 49% | 154% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 6% | 93% |
Monthly Win Rates [3] | |||||||
| MXL Win Rate | 75% | 25% | 50% | 42% | 50% | 50% | |
| Peers Win Rate | 63% | 35% | 62% | 55% | 53% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| MXL Max Drawdown | -27% | -61% | -67% | -56% | -63% | -30% | |
| Peers Max Drawdown | -24% | -48% | -24% | -34% | -44% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AVGO, MRVL, SWKS, QRVO, QCOM. See MXL Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/11/2026 (YTD)
How Low Can It Go
| Event | MXL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.3% | -18.8% |
| % Gain to Breakeven | 86.1% | 23.1% |
| Time to Breakeven | 107 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -51.2% | -7.8% |
| % Gain to Breakeven | 104.8% | 8.5% |
| Time to Breakeven | 163 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -57.8% | -9.5% |
| % Gain to Breakeven | 136.8% | 10.5% |
| Time to Breakeven | 910 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -37.6% | -6.7% |
| % Gain to Breakeven | 60.2% | 7.1% |
| Time to Breakeven | 1086 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.0% | -24.5% |
| % Gain to Breakeven | 156.4% | 32.4% |
| Time to Breakeven | 1295 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.6% | -33.7% |
| % Gain to Breakeven | 130.4% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
In The Past
MaxLinear's stock fell -46.3% during the 2025 US Tariff Shock. Such a loss loss requires a 86.1% gain to breakeven.
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| Event | MXL | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -46.3% | -18.8% |
| % Gain to Breakeven | 86.1% | 23.1% |
| Time to Breakeven | 107 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -51.2% | -7.8% |
| % Gain to Breakeven | 104.8% | 8.5% |
| Time to Breakeven | 163 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -57.8% | -9.5% |
| % Gain to Breakeven | 136.8% | 10.5% |
| Time to Breakeven | 910 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -37.6% | -6.7% |
| % Gain to Breakeven | 60.2% | 7.1% |
| Time to Breakeven | 1086 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -61.0% | -24.5% |
| % Gain to Breakeven | 156.4% | 32.4% |
| Time to Breakeven | 1295 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -56.6% | -33.7% |
| % Gain to Breakeven | 130.4% | 50.9% |
| Time to Breakeven | 42 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -22.4% | -19.2% |
| % Gain to Breakeven | 28.9% | 23.8% |
| Time to Breakeven | 7 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -31.9% | -6.8% |
| % Gain to Breakeven | 46.9% | 7.3% |
| Time to Breakeven | 214 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.7% | -17.9% |
| % Gain to Breakeven | 50.8% | 21.8% |
| Time to Breakeven | 725 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -29.4% | -15.4% |
| % Gain to Breakeven | 41.7% | 18.2% |
| Time to Breakeven | 1946 days | 125 days |
In The Past
MaxLinear's stock fell -46.3% during the 2025 US Tariff Shock. Such a loss loss requires a 86.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About MaxLinear (MXL)
AI Analysis | Feedback
- MaxLinear is like a more specialized Broadcom, focusing on the chips that enable your home internet (modems, Wi-Fi) and 5G network infrastructure.
- Think of MaxLinear as Qualcomm for wired broadband and 5G base stations, providing the crucial communication chips for those systems.
AI Analysis | Feedback
- Systems-on-Chip (SoCs): Integrated circuits combining multiple functions for high-speed communication systems.
- Broadband Radio Transceiver Front Ends: Specialized components for processing radio frequency signals in broadband applications.
- Data Converters: Electronic devices that convert analog signals to digital and digital signals to analog.
- Fiber-Optic Modules: Integrated units designed for high-speed optical data transmission in networking infrastructure.
- Power Management Products: Components that regulate and optimize power delivery within electronic devices.
- Interface Products: Devices facilitating communication between various electronic components or systems.
- Embedded Systems and Software Architecture: Provides integrated hardware and software designs for specific application solutions.
- Architecture and System Design: Offers professional services for the overall design and integration of complex communication platforms.
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Major Suppliers:
- Taiwan Semiconductor Manufacturing Company Limited (Symbol: TSM)
- Samsung Electronics Co., Ltd. (Symbol: KRX: 005930)
- ASE Technology Holding Co., Ltd. (Symbol: ASX)
- Siliconware Precision Industries Co., Ltd.
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Kishore Seendripu, Ph. D. Chairman, President and Chief Executive Officer
Kishore Seendripu is a co-founder of MaxLinear and has served as Chairman of the Board, President, and Chief Executive Officer since the company's inception in 2003. Prior to co-founding MaxLinear, he held engineering and leadership roles at Rockwell Semiconductor Systems, Broadcom Corporation, and Silicon Wave, Inc., where he focused on developing radio frequency systems-on-chip (SoC) wireless and broadband communications solutions. He has guided MaxLinear through significant growth and strategic acquisitions.
Steven Litchfield Chief Financial Officer & Chief Corporate Strategy Officer
Steven Litchfield joined MaxLinear in 2018 as Chief Financial Officer and Chief Corporate Strategy Officer. Before joining MaxLinear, he served as Executive Vice President and Chief Strategy Officer at Microsemi Corporation, a provider of analog and mixed-signal semiconductor solutions that was acquired by Microchip Technology, Inc. in May 2018. At Microsemi, he also held various leadership roles, including Vice President of the Analog and Mixed Signal Group and Vice President of Corporate Marketing and Business Development. Earlier in his career, Mr. Litchfield was an equity research analyst at Banc of America Securities and a production engineer at Toyota Motor Corporation. He currently serves on the board of directors for several early-stage technology companies that are not publicly traded.
Curtis Ling, Ph. D. Chief Technical Officer
Curtis Ling is a co-founder of MaxLinear and has held the position of Chief Technical Officer since 2006. He previously served as Chief Financial Officer and Senior Vice President of Communications Systems for the company. Before his time at MaxLinear, Mr. Ling worked as a principal engineer at Silicon Wave, Inc. and was a professor at the Hong Kong University of Science and Technology.
Rajneesh Gaur Senior Vice President & General Manager, Data Center Connectivity
Rajneesh Gaur joined MaxLinear in 2025 and leads the company's Data Center Connectivity Business Unit. He possesses over 30 years of experience in the semiconductor industry. His career began at Intel, where he designed microprocessors and later managed product marketing for network processors. Following his tenure at Intel, Mr. Gaur joined Cavium during its startup phase, where he took on various leadership roles in security and networking businesses for Cloud and Enterprise market segments, and was instrumental in the first hyperscale cloud Smart NIC deployment at AWS. After Cavium's acquisition by Marvell, he continued to hold leadership positions.
Madhukar (Madhu) Reddy, Ph. D. Senior Vice President, Central Engineering
Madhukar (Madhu) Reddy joined MaxLinear in 2005 as Director of RF/Mixed-Signal IC Design. From 2006 to 2012, he served as Senior Vice President of IC and RF Systems Engineering. Currently, he leads MaxLinear's Central Engineering team, overseeing research and development for System Architecture, System Design, RF/MS IC Design, Communications System Design, Digital IC Design, Package Technology, and SOC Technology across wireless, wireline, and data compression technologies.
AI Analysis | Feedback
MaxLinear (MXL) faces several key risks to its business operations and financial performance.- Geopolitical Tensions and Trade Barriers: MaxLinear is significantly exposed to geopolitical tensions, particularly those between the U.S. and China. These tensions have led to trade barriers and export controls, which could limit the company's ability to sell its products and increase supply chain costs. Such developments can adversely affect MaxLinear's operations and financial results by disrupting manufacturing and distribution.
- Legal Uncertainty from Terminated Silicon Motion Merger: The company faces ongoing arbitration stemming from its terminated merger with Silicon Motion Technology Corporation. There is a risk of potential payment of substantial damages, with liabilities that could exceed MaxLinear's current cash reserves. This legal and financial uncertainty poses a significant immediate risk to the company's financial stability.
- Intense Competition in High-Growth Markets: As MaxLinear strategically pivots towards high-growth infrastructure and data center markets, it encounters direct and intense competition from larger, established industry giants such as Broadcom and Marvell. This competitive landscape can lead to significant pricing pressure, potentially impacting MaxLinear's market share, revenue, and profitability in these crucial growth segments.
AI Analysis | Feedback
The increasing vertical integration by major cloud service providers (hyperscalers) and large telecom operators, who are designing their own specialized silicon for data center infrastructure and advanced 5G networks, poses an emerging threat. This trend could reduce the overall market for MaxLinear's fiber-optic modules and wireless infrastructure SoCs, as these large customers increasingly opt for in-house solutions or work directly with larger, vertically integrated semiconductor partners.
AI Analysis | Feedback
MaxLinear (MXL) targets a global total addressable market (TAM) of approximately $15 billion. This expanded market opportunity was a result of its May 2022 acquisition of Silicon Motion, which roughly doubled MaxLinear's previous TAM. The combined entity focuses on markets including broadband, connectivity, and infrastructure. Key addressable markets and their sizes or growth projections include: * **Connected Home**: In August 2020, MaxLinear's acquisition of Intel's Home Gateway Platform Division added an estimated $6.4 billion to its connectivity offering's total addressable market. This segment includes Wi-Fi, Ethernet, and broadband gateway processor system-on-chip (SoC) technologies. * **Data Center Interconnects**: MaxLinear is actively pursuing the high-speed interconnect market for data centers. The company projects that 70% of the data center interconnect market will be 800 gigabits per second (Gbps) within the next five years, with 1.6 terabits per second (Tbps) making up the remaining 30%. MaxLinear aims to secure approximately 20% of this market over the next three to four years, targeting $200-$300 million in revenue. The company anticipates generating between $60 million and $70 million in revenue in 2025 from its 5nm CMOS 800-gigabit Keystone PAM4 DSP product family. * **Ethernet Market**: Substantial opportunities exist in the Ethernet market, with 2.5-gigabit Ethernet solutions projected to reach approximately $100 million in annual revenues by 2028. * **Wireless Infrastructure**: MaxLinear is also targeting sustained growth in the 5G wireless access and backhaul markets.AI Analysis | Feedback
The following are 3-5 expected drivers of future revenue growth for MaxLinear (MXL) over the next 2-3 years:- Strong Growth in Infrastructure Segment, particularly Data Center Connectivity and Wireless Infrastructure: MaxLinear anticipates over 60% growth in its infrastructure business in 2026, driven by demand for optical interconnects, wireless infrastructure, and storage accelerators. The Keystone PAM4 DSP family is expected to generate between $100 million and $130 million in revenue in 2026 as it ramps up at major hyperscale data centers. MaxLinear is also focusing on gaining market share in the 800G data center market through power efficiency and plans for significant revenue growth in 2027 from its next-generation 1.6T Rushmore product line, with anticipated revenue starting in late 2026. The Annapurna 224G Scale-Up Retimer is another key product enabling extended copper connectivity in AI data centers.
- Broadband Upgrades to DOCSIS 4.0 and Wi-Fi 7: Upgrades to DOCSIS 4.0 and Wi-Fi 7 technologies are expected to drive growth in the broadband sector, likely leading to higher average selling prices. Despite an anticipated softer first half for the broadband business in 2026 due to industry transitions, these upgrades are crucial for future expansion.
- Expansion into PON Broadband Access and Storage Acceleration: MaxLinear has secured its initial design win in the Passive Optical Network (PON) market, which represents a potential billion-dollar market opportunity. Additionally, revenue from storage accelerator SoCs is projected to nearly double from $10-$20 million in 2025 to $40 million in 2026.
- Recovery and Growth in Analog and Industrial/Multi-Market Segments: The company expects its analog business to continue its recovery in 2026, partly through average selling price uplifts. Growth in industrial applications has also been identified as a contributing factor.
AI Analysis | Feedback
Share Repurchases
- In November 2025, MaxLinear's board of directors authorized a share buyback plan for the repurchase of up to $75 million of the company's common stock, with the authorization expiring on November 20, 2028.
- As of March 2026, $20 million of the $75 million share repurchase program has already been executed.
- In February 2021, MaxLinear's board of directors authorized a share buyback plan for the repurchase of up to $100 million of the company's common stock, which was set to expire on February 16, 2024.
Share Issuance
- In February 2026, Kris Sennesael, upon his appointment to the Board of Directors, was granted restricted stock with an estimated fair value of $380,000.
Capital Expenditures
- MaxLinear reported capital expenditures of $39 million in 2021, $41 million in 2022, $13 million in 2023, $18 million in 2024, and $13 million in 2025.
- The company is making strategic investments in high-growth areas such as data center interconnects, 5G wireless infrastructure, and advanced broadband solutions, expecting these to drive revenue growth in 2025 and 2026.
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 150.31 |
| Mkt Cap | 113.6 |
| Rev LTM | 6,381 |
| Op Inc LTM | 962 |
| FCF LTM | 1,171 |
| FCF 3Y Avg | 1,290 |
| CFO LTM | 1,508 |
| CFO 3Y Avg | 1,579 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 18.7% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 13.3% |
| QoQ Delta Rev Chg LTM | 3.1% |
| Op Inc Chg LTM | 51.7% |
| Op Inc Chg 3Y Avg | 15.5% |
| Op Mgn LTM | 14.9% |
| Op Mgn 3Y Avg | 12.4% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 23.7% |
| CFO/Rev 3Y Avg | 29.4% |
| FCF/Rev LTM | 18.8% |
| FCF/Rev 3Y Avg | 24.4% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 113.6 |
| P/S | 9.4 |
| P/Op Inc | 23.4 |
| P/EBIT | 22.6 |
| P/E | 28.4 |
| P/CFO | 34.8 |
| Total Yield | 3.0% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 5.1% |
| D/E | 0.1 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 2.8% |
| 3M Rtn | 44.1% |
| 6M Rtn | 11.2% |
| 12M Rtn | 41.8% |
| 3Y Rtn | 123.0% |
| 1M Excs Rtn | 2.9% |
| 3M Excs Rtn | 33.3% |
| 6M Excs Rtn | 5.0% |
| 12M Excs Rtn | 22.1% |
| 3Y Excs Rtn | 66.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Communications system-on-chip solutions for the broadband, connectivity, wired and wireless | 361 | 693 | 1,120 | 892 | 479 |
| Total | 361 | 693 | 1,120 | 892 | 479 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Communications system-on-chip solutions for the broadband, connectivity, wired and wireless | -245 | ||||
| Total | -245 |
Price Behavior
| Market Price | $81.09 | |
| Market Cap ($ Bil) | 7.1 | |
| First Trading Date | 03/24/2010 | |
| Distance from 52W High | -20.7% | |
| 50 Days | 200 Days | |
| DMA Price | $65.16 | $29.00 |
| DMA Trend | up | up |
| Distance from DMA | 24.4% | 179.6% |
| 3M | 1YR | |
| Volatility | 187.3% | 108.7% |
| Downside Capture | -183.80 | 116.89 |
| Upside Capture | 457.14 | 312.95 |
| Correlation (SPY) | 23.8% | 32.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.22 | 1.35 | 2.51 | 2.59 | 2.70 | 2.42 |
| Up Beta | 1.97 | 3.50 | 2.89 | 3.42 | 3.45 | 2.04 |
| Down Beta | -7.28 | 3.38 | 5.09 | 2.99 | 3.37 | 2.56 |
| Up Capture | 324% | 879% | 789% | 809% | 968% | 6541% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 12 | 31 | 43 | 75 | 142 | 402 |
| Down Capture | -134% | -1849% | -346% | -43% | 93% | 113% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 8 | 10 | 20 | 49 | 106 | 344 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MXL | |
|---|---|---|---|---|
| MXL | 561.3% | 108.7% | 2.16 | - |
| Sector ETF (XLK) | 53.3% | 22.5% | 1.81 | 41.7% |
| Equity (SPY) | 23.8% | 12.3% | 1.45 | 32.9% |
| Gold (GLD) | 26.1% | 27.4% | 0.83 | 10.6% |
| Commodities (DBC) | 33.6% | 19.1% | 1.39 | 2.1% |
| Real Estate (VNQ) | 11.9% | 13.5% | 0.58 | 10.5% |
| Bitcoin (BTCUSD) | -43.8% | 42.1% | -1.25 | 17.4% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MXL | |
|---|---|---|---|---|
| MXL | 16.7% | 77.0% | 0.52 | - |
| Sector ETF (XLK) | 22.2% | 25.1% | 0.78 | 54.1% |
| Equity (SPY) | 13.3% | 17.1% | 0.61 | 48.7% |
| Gold (GLD) | 16.9% | 18.2% | 0.75 | 9.3% |
| Commodities (DBC) | 8.6% | 19.4% | 0.34 | 12.9% |
| Real Estate (VNQ) | 2.9% | 18.8% | 0.05 | 27.2% |
| Bitcoin (BTCUSD) | 11.0% | 54.5% | 0.40 | 22.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MXL | |
|---|---|---|---|---|
| MXL | 14.7% | 65.8% | 0.49 | - |
| Sector ETF (XLK) | 25.0% | 24.6% | 0.92 | 54.0% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 50.1% |
| Gold (GLD) | 12.8% | 16.1% | 0.66 | 8.3% |
| Commodities (DBC) | 6.8% | 18.0% | 0.30 | 17.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 31.8% |
| Bitcoin (BTCUSD) | 60.8% | 66.8% | 1.00 | 15.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/23/2026 | 76.1% | 106.6% | 189.5% |
| 1/29/2026 | -10.0% | -11.2% | -6.6% |
| 10/23/2025 | -10.8% | -13.0% | -22.4% |
| 7/23/2025 | 12.6% | 10.9% | -1.1% |
| 4/23/2025 | -12.3% | -9.3% | 6.0% |
| 1/29/2025 | -19.8% | -13.5% | -33.0% |
| 10/23/2024 | 1.5% | -1.5% | 5.9% |
| 7/24/2024 | -37.1% | -36.6% | -44.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 8 |
| # Negative | 16 | 16 | 16 |
| Median Positive | 12.4% | 15.2% | 10.7% |
| Median Negative | -10.4% | -11.3% | -7.4% |
| Max Positive | 76.1% | 106.6% | 189.5% |
| Max Negative | -37.1% | -36.6% | -44.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/23/2026 | 10-Q |
| 12/31/2025 | 01/29/2026 | 10-K |
| 09/30/2025 | 10/23/2025 | 10-Q |
| 06/30/2025 | 07/23/2025 | 10-Q |
| 03/31/2025 | 04/23/2025 | 10-Q |
| 12/31/2024 | 01/29/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/24/2024 | 10-Q |
| 03/31/2024 | 04/24/2024 | 10-Q |
| 12/31/2023 | 01/31/2024 | 10-K |
| 09/30/2023 | 10/25/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/26/2023 | 10-Q |
| 12/31/2022 | 02/01/2023 | 10-K |
| 09/30/2022 | 10/25/2022 | 10-Q |
| 06/30/2022 | 07/27/2022 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 4/23/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 160.00 Mil | 165.00 Mil | 170.00 Mil | 22.2% | Higher New | Actual: 135.00 Mil for Q1 2026 | |
| Q2 2026 GAAP Gross Margin | 56.0% | 57.5% | 59.0% | 0 | 0 | Same New | Actual: 57.5% for Q1 2026 |
| Q2 2026 Non-GAAP Gross Margin | 58.0% | 59.5% | 61.0% | 0 | 0 | Same New | Actual: 59.5% for Q1 2026 |
| Q2 2026 GAAP Operating Expenses | 91.00 Mil | 94.00 Mil | 97.00 Mil | 7.4% | Higher New | Actual: 87.50 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP Operating Expenses | 61.00 Mil | 63.50 Mil | 66.00 Mil | 4.1% | Higher New | Actual: 61.00 Mil for Q1 2026 | |
Prior: Q4 2025 Earnings Reported 1/29/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 130.00 Mil | 135.00 Mil | 140.00 Mil | 0 | Affirmed | Guidance: 135.00 Mil for Q4 2025 | |
| Q1 2026 GAAP Gross Margin | 56.0% | 57.5% | 59.0% | 0 | 0 | Affirmed | Guidance: 57.5% for Q4 2025 |
| Q1 2026 Non-GAAP Gross Margin | 58.0% | 59.5% | 61.0% | 0 | 0 | Affirmed | Guidance: 59.5% for Q4 2025 |
| Q1 2026 GAAP Operating Expenses | 85.00 Mil | 87.50 Mil | 90.00 Mil | -7.9% | Lowered | Guidance: 95.00 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Operating Expenses | 58.00 Mil | 61.00 Mil | 64.00 Mil | 1.7% | Higher New | Guidance: 60.00 Mil for Q4 2025 | |
Insider Activity
Updated 5/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Pardun, Thomas E | trust | Sell | 5282026 | 105.00 | 11,000 | 1,155,000 | 5,801,460 | Form | |
| 2 | Kwong, Connie H | Corporate Controller & PAO | Direct | Sell | 5082026 | 96.96 | 35,000 | 3,393,680 | 1,352,333 | Form |
| 3 | Tewksbury, Ted L Iii | Direct | Sell | 5052026 | 80.00 | 3,935 | 314,800 | 6,406,080 | Form | |
| 4 | Tewksbury, Ted L Iii | Direct | Sell | 5052026 | 77.36 | 3,935 | 304,412 | 6,499,091 | Form | |
| 5 | Beaver, Carolyn | Direct | Sell | 5052026 | 76.96 | 6,000 | 461,747 | 2,563,926 | Form |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Semiconductors Resources |
| EE Times |
| Semiconductor Engineering |
| Semiconductor Digest |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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