MaxLinear's Q4 revenue up 48%, beats estimates

Overview

• RF and mixed-signal IC provider's Q4 revenue rose 48% yr/yr, beating analysts' expectations

• Non-GAAP diluted EPS for Q4 was $0.19, up from $0.14 in prior quarter and loss of $0.09 a year ago

• Company repurchased $20 mln of its common stock in Q4

Outlook

• MaxLinear expects Q1 2026 revenue between $130 mln and $140 mln

• Company projects Q1 2026 GAAP gross margin of 56% to 59%

• MaxLinear anticipates Q1 2026 non-GAAP operating expenses of $58 mln to $64 mln

Result Drivers

• PRODUCT TRACTION - New products gained market traction, contributing to revenue growth, per CEO Kishore Seendripu

• COST MANAGEMENT - Improved profitability and positive cash flow were achieved through cost management

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy."

• Wall Street's median 12-month price target for Maxlinear Inc is $18.00, about 6% below its January 28 closing price of $19.14

• The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 25 three months ago

Press Release: ID:nBw5zDmdca

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