AI Earnings Predictions for MaxLinear Inc. (MXL)

EX-99.1

2 a06302026exhibit991.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

MaxLinear, Inc. Announces Second Quarter 2026 Financial Results

•Q2 net revenue of $168.8 million, up 23% sequentially and up 55% year over year

•Infrastructure business up 145% year over year reflecting accelerated adoption of optical AI data center products

Carlsbad, Calif. – July 23, 2026 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the second quarter ended June 30, 2026.

Second Quarter Financial Summary

($ in thousands, except per share amounts)

GAAP

Three Months Ended

June 30, 2026March 31, 2026June 30, 2025Q/QY/Y

Net revenue$168,847 $137,188 $108,813 23 %55 %

Gross Margin57.8 %57.5 %56.5 %30  bps130 bps

Operating Expenses$101,848 $96,093 $86,140 6 %18 %

Operating Margin(2.5)%(12.5)%(22.6)%1,000  bps2,010 bps

Diluted Net Income (Loss) Per Share$0.02 $(0.52)$(0.31)104 %106 %

Non-GAAP

Three Months Ended

June 30, 2026March 31, 2026June 30, 2025Q/QY/Y

Gross Margin59.5 %59.5 %59.1 %—  bps40 bps

Operating Expenses$62,798 $59,916 $56,555 5 %11 %

Operating Margin22.3 %15.9 %7.2 %640  bps1,510 bps

Diluted Net Income Per Share$0.35 $0.22 $0.02 59 %1650 %

Management Commentary

“Q2 results underscore the ongoing significant inflection in MaxLinear’s overall business as we delivered 55% year-over-year revenue growth, including 145% growth year over year in our data center-oriented infrastructure revenue,” said Kishore Seendripu, Chairman and Chief Executive Officer of MaxLinear. “The strong momentum in our optical AI data center business reflects the ramp of our Keystone PAM4 DSP platform for 800G applications, as well as the strength of our expanding infrastructure portfolio and roadmap for 1.6T- capable products. With the convergence of multiple growth drivers over the next two years, and with our continued focus on innovation, operational excellence, and disciplined execution, we believe MaxLinear is well-positioned to deliver sustained growth, expanding profitability, and long-term value for our shareholders.”

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Third Quarter 2026 Business Outlook

The Company estimates the following (in millions):

GAAPNon-GAAP

(except for revenue)

Revenue $210 - $220

$210 - $220

Gross Margin 57.0% - 60.0%

58.5% - 61.5%

Operating Expenses $98 - $104

$66 - $71

Interest and Other Expense, Net $3.8 - $4.2

$3.7 - $4.1

Income Tax Provision (Benefit) $1.5

$1.0

Fully Diluted Share Count 99

99

Webcast and Conference Call

MaxLinear will host its second quarter financial results conference call today, July 23, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). To access this call, dial US toll free: 1-877-407-3109 / International: 1-201-493-6798. A live webcast of the conference call will be accessible from the investor relations section of the MaxLinear website at https://investors.maxlinear.com and will be archived and available after the call at https://investors.maxlinear.com until August 6, 2026. A replay of the conference call will also be available until August 6, 2026 by dialing US toll free: 1-877-660-6853 / International: 1-201-612-7415 and Conference ID#: 13761549.

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Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “target,” “seek,” “may,” “should,” “will” and similar references to future periods. Forward-looking statements include, among others, statements concerning our future financial performance (including our current guidance for third quarter 2026, including net revenue and GAAP and non-GAAP amounts for each of the following: gross margins, operating expenses, interest and other expenses, income tax provision (benefit), and diluted share counts); the start of a multi-year growth phase and our potential for sustained growth and increasing profitability in 2026 and beyond; statements regarding an inflection point in, and anticipated step-function or accelerating revenue growth from, our optical data center and infrastructure businesses; statements regarding the momentum, traction, and production ramps of our optical data center and other connectivity products, including at hyperscale customers and across scale-up and scale-out AI platforms; statements regarding the ramp of our Keystone PAM4 DSP platform for 800G applications and the development, roadmap, and anticipated availability of our 1.6T-capable products; statements regarding momentum and improving visibility throughout our portfolio; statements regarding continued customer engagement and demand in high-value markets; statements relating to the timing of new products ram

EX-99.1

3 a03312026exhibit991.htm

EX-99.1

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

MaxLinear, Inc. Announces First Quarter 2026 Financial Results

•Q1 net revenue of $137.2 million, up 1% sequentially and up 43% year over year

•Infrastructure business inflecting, up 136% year over year reflecting solid traction from optical products

Carlsbad, Calif. – April 23, 2026 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2026.

First Quarter Financial Highlights

GAAP basis:

•Net revenue was $137.2 million, up 1% sequentially and up 43% from the year-ago quarter.

•GAAP gross margin was 57.5%, compared to 57.6% in the prior quarter, and 56.1% in the year-ago quarter.

•GAAP operating expenses were $96.1 million in the first quarter, or 70% of net revenue, compared to $93.4 million in the prior quarter, or 68% of net revenue, and $99.9 million in the year-ago quarter, or 104% of net revenue.

•GAAP loss from operations was 13% of net revenue, compared to loss from operations of 11% of net revenue in the prior quarter, and loss from operations of 48% of net revenue in the year-ago quarter.

•GAAP diluted loss per share was $0.52, compared to diluted loss per share of $0.17 in the prior quarter, and diluted loss per share of $0.58 in the year-ago quarter.

Non-GAAP basis:

•Non-GAAP gross margin was 59.5%, compared to 59.6% in the prior quarter, and 59.1% in the year-ago quarter.

•Non-GAAP operating expenses were $59.9 million, or 44% of net revenue, compared to $59.2 million or 43% of net revenue in the prior quarter, and $58.4 million or 61% of net revenue in the year-ago quarter.

•Non-GAAP income from operations was 16% of net revenue, compared to income of 16% in the prior quarter, and loss of 2% in the year-ago quarter.

•Non-GAAP diluted earnings per share was $0.22, compared to earnings per share of $0.19 in the prior quarter, and loss per share of $0.05 in the year-ago quarter.

Management Commentary

“Q1 marks the start of a multi‑year growth phase for MaxLinear, led by accelerating momentum in optical data center connectivity,” said Kishore Seendripu, Ph.D., Chairman and CEO of MaxLinear. “Revenue grew 43% year over year, with infrastructure growing more than 130% to become our largest end market. This was driven primarily by strong execution and production ramps of our optical data center products at multiple hyperscale customers across scale-up and scale-out AI platforms. We are now at a clear inflection point in our optical data center business marked by a step function increase in revenues expected in Q2. With improving visibility, multiple high-value products entering meaningful ramps across our portfolio, and continued customer engagement in high‑value markets, we believe MaxLinear is well-positioned for sustained growth and increasing profitability in 2026 and beyond.”

Credit Agreement

MaxLinear today announced that it has amended its existing Credit Agreement with Wells Fargo and other lenders to extend the maturity date of the revolving credit facility from June 2026 to March 2028. While currently MaxLinear has not drawn down on this facility, the amendment also increased the amounts available under the facility by $30 million to $130 million.

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Second Quarter 2026 Business Outlook

The company expects net revenue in the second quarter of 2026 to be approximately $160 million to $170 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 $91 million to $97 million;

•Non-GAAP operating expenses of approximately $61 million to $66 million;

•GAAP interest and other expense of approximately $1.8 million to $2.2 million;

•Non-GAAP interest and other expense of approximately $1.8 million to $2.2 million;

•GAAP income tax benefit of $2.0 million and non-GAAP income tax provision of $1.0 million, and

•GAAP and non-GAAP diluted share count of approximately 95 million each.

Webcast and Conference Call

MaxLinear will host its first quarter financial results conference call today, April 23, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). To access this call, dial US toll free: 1-877-407-3109 / International: 1-201-493-6798. A live webcast of the conference call will be accessible from the investor relations section of the MaxLinear website at https://investors.maxlinear.com and will be archived and available after the call at https://investors.maxlinear.com until May 7, 2026. A replay of the conference call will also be available until May 7, 2026 by dialing US toll free: 1-877-660-6853 / International: 1-201-612-7415 and Conference ID#: 13759526.

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Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of

mxl-202601290001288469false00012884692026-01-292026-01-290001288469exch:XNGS2026-01-292026-01-29

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): January 29, 2026

MaxLinear, Inc. (Exact name of registrant as specified in its charter)

Delaware001-3466614-1896129 (State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)

5966 La Place Court, Suite 100, Carlsbad, California 92008 (Address of principal executive offices) (Zip Code) (760) 692-0711 (Registrant’s telephone number, including area code) N/A (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registered Common stockMXLThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition. On January 29, 2026, MaxLinear, Inc. issued a press release announcing its unaudited financial results for the fourth quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibits 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference. The information in this Current Report on Form 8-K and the exhibits attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. Item 9.01. Financial Statements and Exhibits. (d)    Exhibits ExhibitDescription 99.1Press Release, dated January 29, 2026

104Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date:January 29, 2026MAXLINEAR, INC.

(Registrant)

By:/s/ Steven G. Litchfield Steven G. Litchfield Chief Financial Officer and Chief Corporate Strategy Officer (Principal Financial Officer)

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