Company Analysis

MaxLinear, Inc. (MXL)

Nasdaq: MXL · Semiconductors & Related Devices · Carlsbad, CA · filing with the SEC since 2004
Grade4.1
◀ Past 3.5● Present 4.4▶ Future 4.3

The grade of MaxLinear, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past3.530% of the headline
● Present4.440% of the headline
▶ Future4.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

3.5/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.5/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2026-06-01.

weight 33% of this tense · 25th percentile among 99 sector filers · read for itself

From the record

MaxLinear, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2021-11-30); an auditor change (8-K item 4.01, the latest 2026-06-01) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
2.8/10

What has it actually done, year after year?

+2.8% a year over 8 filed years; profitable in 2 of 8.

weight 45% of this tense · 28th percentile among 93 sector filers · read for its customers

From the record

MaxLinear, Inc.'s 8 filed years say what it did: revenue went from $385 million in fiscal 2018 to $468 million in fiscal 2025, up 2.8% a year; it rose in 4 of 7 years; the deepest fall was 68% from fiscal 2022 to fiscal 2024; net income was positive in 2 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span2.8%bottom 30% of its family
  • the share of years revenue rosebottom 34% of its family
  • the share of filed years with a profitbottom 32% of its family
  • the deepest fall from a revenue peak67.8%bottom 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.7/10

How has it treated the people who own it?

Share count grew 2.3% a year. 100% of cash flow returned. Insiders: 32 sales, 0 purchases.

weight 22% of this tense · 67th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, MaxLinear, Inc.'s diluted share count grew about 2.3% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 32 sales (3 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 41% of its family
  • cash returned against operating cash flowtop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
4.3/10

Is it financially healthy right now?

ROE -30%: lost 30¢ per shareholder dollar. Leverage 43%: owes 43¢ per asset dollar.

weight 45% of this tense · 43rd percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, MaxLinear, Inc. lost about 30 cents for every dollar of shareholders' money, and gross profitability: its products earned about 33 cents per dollar of everything the company owns. Leverage: it owed about 43 cents per dollar of assets, and net share issuance: its share count grew 3.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 40% of its family
  • return on equitybottom 13% of its family
  • gross profit against assetstop 20% of its family
  • the share count against the year beforebottom 38% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
2.5/10

How strong is its position in its industry?

bottom 25% of 97 in its family; net margin -29.2%.

weight 33% of this tense · 25th percentile among 97 sector filers · read for its customers

From the record

MaxLinear, Inc.'s standing among 97 graded names in its industry family: revenue of $468 million in fiscal 2025 ranks in the bottom 41% by size; a net margin of -29.2% ranks in the bottom 25%; revenue growth of -25.3% a year over the last 3 filed years ranks in the bottom 8% (its annual reports).

What it rests on

  • revenue against the family$468Mbottom 41% of its family
  • net margin-29.2%bottom 25% of its family
  • three-year revenue growth-25.3%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
7.7/10

What are the people in charge doing?

top 23% of 67 in its family for leadership; chief executive since 2010.

weight 22% of this tense · 77th percentile among 67 sector filers · read for its shareholders

From the record

MaxLinear, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Seendripu, Kishore (Chairman, President and CEO, as filed), filing under that title since 2010-03-23, 16.6 years (top 5% of its family); the 10 officers and directors filing in the last fifteen months have been on the record a median of 9.5 years (top 20%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 10 people in charge now (top 45%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 10 peopletop 45% of its family
  • the median years the people in charge have filed9.5 yearstop 20% of its family
  • the chief executive's years on the record16.6 yearstop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.5/10

How much room does it have to grow?

top 45% of 94 in its family for room to expand.

weight 45% of this tense · 55th percentile among 94 sector filers · read for itself

From the record

MaxLinear, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $73 million against debt of $124 million leaves -6.4% of its assets as net cash, bottom 23% of its family; cash from operations less capital spending is 1.5% of revenue (bottom 42%); a gross margin of 56.8% (top 23%); research spending of 44.6% of revenue (top 23%) (its annual report).

What it rests on

  • cash less debt against assets-6.4%bottom 23% of its family
  • cash from operations less capital spending against revenue1.5%bottom 42% of its family
  • gross margin56.8%top 23% of its family
  • research spending against revenue44.6%top 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.6/10

What could actually drive growth from here?

bottom 26% of 93 in its family for growth drivers.

weight 33% of this tense · 26th percentile among 93 sector filers · read for its customers

From the record

MaxLinear, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -25.3% a year over the last three filed years against 2.8% over all 8, slowing (bottom 10% of its family); the newest year grew 29.7% (top 28%); research spending grew -11.1% a year (bottom 9%); capital spending grew -32.7% a year (bottom 11%) (its annual reports). MaxLinear, Inc. reported 4 product lines in fiscal 2025: Broadband at $204 million (44%), Infrastructure at $148 million (32%), Connectivity at $78 million (17%), and 1 more; 3 of 4 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-28.1 points a yearbottom 10% of its family
  • the newest year's revenue growth29.7%top 28% of its family
  • three-year growth of research spending-11.1%bottom 9% of its family
  • three-year growth of capital spending-32.7%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.5/10

Did its newest year beat what its own record pointed to?

bottom 45% of 88 in its family for expectations against reality.

weight 22% of this tense · 45th percentile among 88 sector filers · read for its shareholders

From the record

MaxLinear, Inc.'s newest year against its own record: revenue of $468 million in fiscal 2025 came in 128.6% above the $205 million its prior three years' pace pointed to (top 12% of its family); net income of $137 million against a prior three-year average of $64 million (bottom 15%); a net margin of -29.2% against -22.5% before (bottom 32%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace128.6%top 12% of its family
  • net income against the prior three years' average-112%bottom 15% of its family
  • net margin against its prior average-6.8 pointsbottom 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton MXL · research, not advice