MXL News & Events

Reports Q4 revenue $136.44M, consensus $134.8M. "Our fourth quarter and fiscal year results reflect strong sequential and year-over-year growth in our business," said Kishore Seendripu, PhD, Chairman and CEO. "Our new products gained solid traction in the market, and we are on a strong path for sustained revenue growth and market share expansion in 2026 and 2027. We are executing against a focused strategy that is working and will drive sustained strong growth even as we continue to invest in high-value, multi-year growth markets where performance, power efficiency, and integration matter most. These include data center connectivity, wireless infrastructure, PON broadband access, Wi-Fi 7, Ethernet, and storage accelerator end markets. With solid execution, we also delivered profitability and positive free cash flow ahead of our plan. During the fourth quarter, we repurchased $20 million of our common stock, reflecting our confidence in our sustained growth expectations and market momentum."

The company expects net revenue in the first quarter of 2026 to be approximately $130 million to $140 million. The Company also estimates the following: GAAP gross margin of approximately 56.0% to 59.0%; Non-GAAP gross margin of approximately 58.0% to 61.0%; GAAP operating expenses of approximately $85 million to $90 million; Non-GAAP operating expenses of approximately $58 million to $64 million; GAAP interest and other expense of approximately $2.1 million to $2.7 million; Non-GAAP interest and other expense of approximately $2.0 million to $2.6 million; GAAP income tax provision of $4.0 million and non-GAAP income tax provision of $0.8 million, respectively; and Basic and diluted share count of approximately 88.0 million and 91.0 million, respectively.

MaxLinear announced its board of directors has authorized a share buyback plan for the repurchase of up to $75M of the company's common stock. The timing and amount of any repurchase transactions will be made by management in its discretion, depending on numerous factors, including market and economic conditions generally, the trading price of MaxLinear's common stock, and other relevant corporate considerations. Any purchases will be funded from available working capital and may be effected through open market or privately negotiated transactions or otherwise. The term of the current repurchase authorization will expire on November 20, 2028.