MAXLINEAR, INC(MXL)Stock Analysis
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Rank #2,402 of 2,961 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
Unusual Activity in MXL
Events flagged as statistical outliers against MXL's own multi-year baseline — not fixed dollar thresholds.
MXL Stock Analysis & AI Quality Score
Data updated 2026-09-11AI stock analysis and institutional research for MAXLINEAR, INC (MXL), a Technology sector company. 13F Pro's AI-powered ranking engine scores MXL at 33.1/100 on a 32-signal composite quality model, placing it at rank #2,402 of 2,961 stocks — the bottom half of the AI-ranked universe. Areas of concern include balance sheet strength (15.1) and profitability (19.5), which score below median versus the broader universe. Shareholder dilution risk is elevated at 10.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), MAXLINEAR, INC reports quarterly revenue of $168.8M, net income of $1.8M, free cash flow of $2.5M. Top institutional holders of MXL by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, STATE STREET, based on the most recent SEC filings. MXL trades on the Nasdaq exchange and files with the SEC under CIK 1288469. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MXL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MAXLINEAR, INC directly from SEC EDGAR. MAXLINEAR, INC's 13F Pro composite quality score has ranged between 17 and 73 since 2021, currently 33.1 — a stable long-term trajectory across 68 quarterly and live scoring snapshots.
Revenue
Q2 2026
$168.8M
Net Income
Q2 2026
$1.8M
Free Cash Flow
Q2 2026
$2.5M
ROIC
Q2 2026
-2.8%
D/E Ratio
Q2 2026
0.26
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · ProRevenue
+29.7% YoYNet Income
+44.3% YoYOperating Income
+43.2% YoYEPS (Diluted)
+46.1% YoYTotal Assets
-7.9% YoYTotal Debt
+0.5% YoYOp. Cash Flow
+143.3% YoYFree Cash Flow
+111.1% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $467.6M +29.7% | $360.5M -48.0% | $693.3M -38.1% | $1.12B +25.5% | $892.4M +86.5% | $478.6M |
| Net Income | $-136.7M +44.3% | $-245.2M -235.2% | $-73.1M -158.5% | $125.0M +197.9% | $42.0M +142.6% | $-98.6M |
| Operating Income | $-126.9M +43.2% | $-223.4M -484.4% | $-38.2M -121.2% | $180.2M +176.3% | $65.2M +164.5% | $-101.1M |
| EPS (Diluted) | $-1.58 +46.1% | $-2.93 -222.0% | $-0.91 -158.7% | $1.55 +192.5% | $0.53 +139.3% | $-1.35 |
| Total Assets | $796.4M -7.9% | $864.6M -20.0% | $1.08B -8.5% | $1.18B +12.3% | $1.05B +2.7% | $1.02B |
| Total Debt | $123.6M +0.5% | $123.0M +0.5% | $122.4M +0.5% | $121.8M -60.2% | $306.2M -17.2% | $369.8M |
| Operating Cash Flow | $19.6M +143.3% | $-45.3M -204.4% | $43.4M -88.8% | $388.7M +131.1% | $168.2M +128.6% | $73.6M |
| Free Cash Flow | $7.0M +111.1% | $-63.0M -310.5% | $29.9M -91.4% | $347.5M +169.2% | $129.1M +111.2% | $61.1M |
AI Insight: MXL Financial Trends
MXL swung to Q2 2026 profitability on 57% revenue growth since Q3 2024, but operating losses persist amid margin compression.
• Revenue surged 57% from Q3 2024 ($81M) to Q2 2026 ($169M), with consecutive quarter acceleration.
• Net income turned positive in Q2 2026 ($2M) after 7 consecutive loss quarters, marking inflection.
• Operating income remains negative ($-4M in Q2 2026); operating margin deteriorated from near-breakeven in Q4 2025 to -2.4%.
⚠ Operating cash flow volatile; swung negative ($-9M) in Q1 2026 despite positive net income, signaling working capital or timing stress.
⚠ Equity declined 18.5% from Q3 2024 ($557M) to Q2 2026 ($485M) despite profit; cumulative losses and debt flat.
AI Insight: MXL Ratio Trends
MaxLinear swung to profitability in Q2 2026, with operating margin improving 10.4pp sequentially to -2.5%, signaling a potential inflection after six quarters of losses.
• Operating margin improved from -10.9% in Q4 2025 to -2.5% in Q2 2026, with net profit margin turning positive at 1.0%.
• Return metrics stabilized: ROE and ROA both posted small positive returns in Q2 2026 (1.5% and 0.9%) versus persistent losses throughout 2024–2025.
• Debt-to-equity remained stable at 0.26–0.27 across all periods, showing disciplined leverage management despite sustained unprofitability.
⚠ ROIC deteriorated to -2.8% in Q2 2026 despite margin improvement, indicating working capital or capital structure headwinds warrant monitoring.
⚠ TTM results remain deeply negative across all profitability metrics; single-quarter swing must sustain over multiple quarters to confirm durability.
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Available Research
13F Pro tracks comprehensive data for MAXLINEAR, INC including:
Top Institutional Holders of MXL
BlackRock, Inc.
$1.8B13,700,399 shVANGUARD PORTFOLIO MANAGEMENT LLC
$886.4M6,923,428 shSTATE STREET CORP
$553.8M4,325,471 shVANGUARD CAPITAL MANAGEMENT LLC
$489.4M3,822,902 shPRICE T ROWE ASSOCIATES INC /MD/
$285.5M2,229,675 shGEODE CAPITAL MANAGEMENT, LLC
$285.0M2,225,731 shInvesco Ltd.
$262.5M2,050,213 shJANE STREET GROUP, LLC
$261.7M2,044,128 shD. E. Shaw & Co., Inc.
$238.3M1,861,351 shJPMORGAN CHASE & CO
$235.2M2,164,757 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $1.8B | 13,700,399 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $886.4M | 6,923,428 |
| STATE STREET CORP | $553.8M | 4,325,471 |
| VANGUARD CAPITAL MANAGEMENT LLC | $489.4M | 3,822,902 |
| PRICE T ROWE ASSOCIATES INC /MD/ | $285.5M | 2,229,675 |
| GEODE CAPITAL MANAGEMENT, LLC | $285.0M | 2,225,731 |
| Invesco Ltd. | $262.5M | 2,050,213 |
| JANE STREET GROUP, LLC | $261.7M | 2,044,128 |
| D. E. Shaw & Co., Inc. | $238.3M | 1,861,351 |
| JPMORGAN CHASE & CO | $235.2M | 2,164,757 |
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Popular Research
Is MXL a good stock to buy?
13F Pro's AI-powered analysis of MAXLINEAR, INC (MXL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Technology sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MXL are available on the MXL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MXL is classified as a mid company.
Which hedge funds own MXL?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MXL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of MAXLINEAR, INC's investment landscape.