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Stocks · Technology · Semiconductors & Related Devices

MAXLINEAR, INC

MXL Clue Score20
United States Fiscal year ends December CIK 0001288469
$96.16 +2.63% Close, 9 Oct 2026
Alert on the numbers Alert on insider trades
Price $96.16 +103.47% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue387.8Operating income63.1Net income61.3EPS, diluted0.91Fiscal year 2017Revenue420.3 +8.4%Operating income−21.7Net income−9.2 −115.0%EPS, diluted−0.14 −115.4%Fiscal year 2018Revenue385.0 −8.4%Operating income−19.1Net income−26.2EPS, diluted−0.38Fiscal year 2019Revenue317.2 −17.6%Operating income−22.1Net income−19.9EPS, diluted−0.28Fiscal year 2020Revenue478.6 +50.9%Operating income−101.1Net income−98.6EPS, diluted−1.35Fiscal year 2021Revenue892.4 +86.5%Operating income65.2Net income42.0EPS, diluted0.53Fiscal year 2022Revenue1,120.3 +25.5%Operating income180.2Net income125.0 +197.9%EPS, diluted1.55 +192.5%Fiscal year 2023Revenue693.3 −38.1%Operating income−38.2Net income−73.1 −158.5%EPS, diluted−0.91 −158.7%Fiscal year 2024Revenue360.5 −48.0%Operating income−223.4Net income−245.2EPS, diluted−2.93Fiscal year 2025Revenue467.6 +29.7%Operating income−126.9Net income−136.7EPS, diluted−1.58
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 387.8 420.3 385.0 317.2 478.6 892.4 1,120.3 693.3 360.5 467.6
Growth +8.4% −8.4% −17.6% +50.9% +86.5% +25.5% −38.1% −48.0% +29.7%
Operating income 63.1 −21.7 −19.1 −22.1 −101.1 65.2 180.2 −38.2 −223.4 −126.9
Net income 61.3 −9.2 −26.2 −19.9 −98.6 42.0 125.0 −73.1 −245.2 −136.7
Growth −115.0% +197.9% −158.5%
EPS, diluted 0.91 −0.14 −0.38 −0.28 −1.35 0.53 1.55 −0.91 −2.93 −1.58
Growth −115.4% +192.5% −158.7%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin59.3%Operating margin16.3%Net margin15.8%Free cash flow margin28.1%Fiscal year 2017Gross margin49.5%Operating margin−5.2%Net margin−2.2%Free cash flow margin16.1%Fiscal year 2018Gross margin54.2%Operating margin−5.0%Net margin−6.8%Free cash flow margin24.6%Fiscal year 2019Gross margin52.9%Operating margin−7.0%Net margin−6.3%Free cash flow margin22.5%Fiscal year 2020Gross margin44.5%Operating margin−21.1%Net margin−20.6%Free cash flow margin12.8%Fiscal year 2021Gross margin55.6%Operating margin7.3%Net margin4.7%Free cash flow margin14.5%Fiscal year 2022Gross margin58.0%Operating margin16.1%Net margin11.2%Free cash flow margin31.0%Fiscal year 2023Gross margin55.6%Operating margin−5.5%Net margin−10.6%Free cash flow margin4.3%Fiscal year 2024Gross margin54.0%Operating margin−62.0%Net margin−68.0%Free cash flow margin−17.5%Fiscal year 2025Gross margin56.8%Operating margin−27.1%Net margin−29.2%Free cash flow margin1.5%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 59.3% 49.5% 54.2% 52.9% 44.5% 55.6% 58.0% 55.6% 54.0% 56.8%
Operating margin 16.3% −5.2% −5.0% −7.0% −21.1% 7.3% 16.1% −5.5% −62.0% −27.1%
Net margin 15.8% −2.2% −6.8% −6.3% −20.6% 4.7% 11.2% −10.6% −68.0% −29.2%
Free cash flow margin 28.1% 16.1% 24.6% 22.5% 12.8% 14.5% 31.0% 4.3% −17.5% 1.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow117.3Capital expenditure−8.5Free cash flow108.8Buybacks−0.0Fiscal year 2017Operating cash flow75.1Capital expenditure−7.5Free cash flow67.6 −37.9%Buybacks−0.3Fiscal year 2018Operating cash flow102.7Capital expenditure−7.8Free cash flow94.9 +40.3%Buybacks0.0Fiscal year 2019Operating cash flow78.3Capital expenditure−6.9Free cash flow71.5 −24.7%Buybacks0.0Fiscal year 2020Operating cash flow73.6Capital expenditure−12.5Free cash flow61.1 −14.5%Buybacks0.0Fiscal year 2021Operating cash flow168.2Capital expenditure−39.2Free cash flow129.1 +111.2%Buybacks−23.5Fiscal year 2022Operating cash flow388.7Capital expenditure−41.3Free cash flow347.5 +169.2%Buybacks−31.5Fiscal year 2023Operating cash flow43.4Capital expenditure−13.5Free cash flow29.9 −91.4%Buybacks0.0Fiscal year 2024Operating cash flow−45.3Capital expenditure−17.7Free cash flow−63.0 −310.5%Buybacks0.0Fiscal year 2025Operating cash flow19.6Capital expenditure−12.6Free cash flow7.0Buybacks−20.0
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 117.3 75.1 102.7 78.3 73.6 168.2 388.7 43.4 −45.3 19.6
Capital expenditure −8.5 −7.5 −7.8 −6.9 −12.5 −39.2 −41.3 −13.5 −17.7 −12.6
Free cash flow 108.8 67.6 94.9 71.5 61.1 129.1 347.5 29.9 −63.0 7.0
Growth −37.9% +40.3% −24.7% −14.5% +111.2% +169.2% −91.4% −310.5%
Buybacks −0.0 −0.3 0.0 0.0 0.0 −23.5 −31.5 0.0 0.0 −20.0

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash81.1Total debt0.0Net cash (debt)81.1Shareholders’ equity352.4Debt to equity0.00Fiscal year 2017Cash71.9Total debt347.6Net cash (debt)−275.7Shareholders’ equity387.4Debt to equity0.90Fiscal year 2018Cash73.1Total debt255.8Net cash (debt)−182.6Shareholders’ equity399.9Debt to equity0.64Fiscal year 2019Cash92.7Total debt206.9Net cash (debt)−114.2Shareholders’ equity414.9Debt to equity0.50Fiscal year 2020Cash148.9Total debt363.6Net cash (debt)−214.7Shareholders’ equity391.1Debt to equity0.93Fiscal year 2021Cash130.6Total debt306.2Net cash (debt)−175.6Shareholders’ equity489.2Debt to equity0.63Fiscal year 2022Cash187.4Total debt121.8Net cash (debt)65.6Shareholders’ equity676.4Debt to equity0.18Fiscal year 2023Cash187.3Total debt122.4Net cash (debt)64.9Shareholders’ equity686.3Debt to equity0.18Fiscal year 2024Cash118.6Total debt123.0Net cash (debt)−4.4Shareholders’ equity516.3Debt to equity0.24Fiscal year 2025Cash72.8Total debt123.6Net cash (debt)−50.8Shareholders’ equity451.9Debt to equity0.27
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 81.1 71.9 73.1 92.7 148.9 130.6 187.4 187.3 118.6 72.8
Total debt 0.0 347.6 255.8 206.9 363.6 306.2 121.8 122.4 123.0 123.6
Net cash (debt) 81.1 −275.7 −182.6 −114.2 −214.7 −175.6 65.6 64.9 −4.4 −50.8
Shareholders’ equity 352.4 387.4 399.9 414.9 391.1 489.2 676.4 686.3 516.3 451.9
Debt to equity 0.00 0.90 0.64 0.50 0.93 0.63 0.18 0.18 0.24 0.27

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
387.8 420.3 385.0 317.2 478.6 892.4 1,120.3 693.3 360.5 467.6
Growth +8.4% −8.4% −17.6% +50.9% +86.5% +25.5% −38.1% −48.0% +29.7%
157.8 212.4 176.2 149.5 265.8 396.6 470.5 307.6 165.7 201.8
230.0 208.0 208.8 167.7 212.8 495.8 649.8 385.7 194.8 265.8
Growth −9.6% +0.4% −19.7% +26.9% +133.0% +31.0% −40.6% −49.5% +36.5%
64.5 105.8 101.8 88.8 130.0 149.9 168.0 132.2 138.3 159.6
63.1 −21.7 −19.1 −22.1 −101.1 65.2 180.2 −38.2 −223.4 −126.9
Growth −134.4% +176.3% −121.2%
63.7 −34.0 −32.9 −32.5 −114.9 47.9 174.2 −63.8 −238.7 −140.9
2.4 −24.8 −6.7 −12.6 −16.3 5.9 49.2 9.3 6.5 −4.2
61.3 −9.2 −26.2 −19.9 −98.6 42.0 125.0 −73.1 −245.2 −136.7
Growth −115.0% +197.9% −158.5%
Per share
0.96 −0.14 −0.38 −0.28 −1.35 0.55 1.60 −0.91 −2.93 −1.58
0.91 −0.14 −0.38 −0.28 −1.35 0.53 1.55 −0.91 −2.93 −1.58
Growth −115.4% +192.5% −158.7%
63.8 66.3 68.5 71.0 73.1 76.0 78.0 80.7 83.6 86.6
67.7 66.3 68.5 71.0 73.1 79.7 80.9 80.7 83.6 86.6
Growth −2.1% +3.4% +3.7% +3.0% +9.0% +1.5% −0.2% +3.6% +3.6%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue shrank 0.5% a year over five years.
  • The diluted share count rose 18.4% in five years, which is dilution.
  • Operating margin is down 6.0 points on five years ago, at -27.1%.
  • A net loss in 7 of 10 years on file.