MXL - MaxLinear, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$52.71
DETAILS
HIGH:
$75.00
LOW:
$30.00
MEDIAN:
$55.00
CONSENSUS:
$52.71
DOWNSIDE:
46.84%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||
| Revenue | 467.6 | 360.5 | 693.3 | 1,120.3 | 892.4 | 478.6 | 317.2 | 385.0 | 420.3 | 387.8 | 300.4 | 133.1 | 119.6 | 97.7 | 71.9 | 68.7 | 51.4 | 31.3 | 9.7 |
| Cost of Revenue | 201.8 | 168.1 | 310.5 | 482.4 | 420.2 | 289.3 | 172.6 | 208.3 | 241.7 | 157.8 | 144.9 | 51.2 | 45.6 | 37.0 | 26.6 | 21.6 | 17.0 | 12.7 | 4.9 |
| Gross Profit | 265.8 | 192.4 | 382.8 | 637.8 | 472.2 | 189.3 | 144.6 | 176.6 | 178.6 | 230.0 | 155.4 | 82.0 | 74.1 | 60.7 | 45.3 | 47.1 | 34.3 | 18.7 | 4.8 |
| Operating Expenses | |||||||||||||||||||
| R&D Expenses | 208.6 | 225.2 | 269.5 | 296.4 | 278.4 | 180.0 | 98.3 | 119.9 | 111.7 | 97.7 | 85.4 | 56.6 | 53.1 | 46.4 | 40.2 | 27.7 | 19.8 | 14.3 | 9.9 |
| SG&A Expenses | 159.6 | 136.0 | 129.3 | 156.1 | 126.3 | 92.3 | 65.7 | 69.8 | 67.0 | 58.7 | 72.4 | 33.9 | 30.9 | 27.2 | 20.2 | 15.9 | 9.9 | 6.4 | 4.3 |
| Other Expenses | 24.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 392.7 | 361.2 | 398.8 | 452.5 | 404.8 | 272.2 | 164.0 | 189.7 | 178.7 | 156.5 | 157.8 | 90.5 | 84.1 | 73.6 | 60.3 | 43.6 | 29.7 | 20.7 | 14.2 |
| Operating Income | |||||||||||||||||||
| Operating Income | (126.9) | (168.7) | (16.0) | 185.3 | 67.4 | (83.0) | (19.4) | (13.1) | (0.1) | 73.5 | (2.3) | (8.6) | (10) | (12.9) | (15.0) | 3.5 | 4.6 | (2.0) | (9.4) |
| Interest Expense | 10.1 | 10.9 | 10.7 | 9.8 | 13.0 | 13.0 | 11.1 | 14.3 | 10.4 | 0.1 | 0.1 | 0.0 | 0.0 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 |
| Interest Income | 3.4 | 6.4 | 6.1 | 0.2 | 0.1 | 0.4 | 0.8 | 0.1 | 0.3 | 0.6 | 0.3 | 0.2 | 0.2 | 0.3 | 0.3 | 0.3 | 0.1 | 0.2 | 0.7 |
| Profitability | |||||||||||||||||||
| EBITDA | (58.4) | (181.7) | 9.5 | 255.9 | 145.3 | (29.3) | 43.0 | 60.4 | 43.1 | 90.4 | (2.3) | (3.6) | (8.6) | (9.3) | (11.8) | 5.6 | 5.5 | (1.2) | (8.2) |
| EBIT | (102.4) | (227.8) | (53.1) | 184.0 | 60.9 | (101.9) | (21.4) | (18.6) | (23.6) | 63.8 | (42.8) | (8.9) | (12.3) | (12.9) | (15.0) | 3.8 | 4.6 | (1.8) | (8.6) |
| Income Before Tax | (140.9) | (238.7) | (63.8) | 174.2 | 47.9 | (114.9) | (32.5) | (32.9) | (34.0) | 63.7 | (42.9) | (8.7) | (12.3) | (12.9) | (15.0) | 3.7 | 4.6 | (1.9) | (8.7) |
| Income Tax Expense | (4.2) | 6.5 | 9.3 | 49.2 | 5.9 | (16.3) | (12.6) | (6.7) | (24.8) | 2.4 | (0.6) | (1.7) | 0.4 | 0.3 | 7.0 | (6.4) | 0.2 | 0 | 0.1 |
| Net Income | (136.7) | (245.2) | (73.1) | 125.0 | 42.0 | (98.6) | (19.9) | (26.2) | (9.2) | 61.3 | (42.3) | (7.0) | (12.7) | (13.3) | (22.0) | 10.1 | 4.3 | (1.9) | (8.7) |
| Per Share Data | |||||||||||||||||||
| EPS (Basic) | -1.58 | -2.93 | -0.91 | 1.60 | 0.55 | -1.35 | -0.28 | -0.38 | -0.14 | 0.96 | -0.79 | -0.19 | -0.37 | -0.40 | -0.68 | 0.33 | 0.06 | -0.19 | -0.86 |
| EPS (Diluted) | -1.58 | -2.93 | -0.91 | 1.55 | 0.53 | -1.35 | -0.28 | -0.38 | -0.14 | 0.91 | -0.79 | -0.19 | -0.37 | -0.40 | -0.68 | 0.30 | 0.06 | -0.19 | -0.76 |
| Shares Outstanding | 86.6 | 83.6 | 80.7 | 78.0 | 76.0 | 73.1 | 71.0 | 68.5 | 66.3 | 63.8 | 53.4 | 36.5 | 34.0 | 33.1 | 32.6 | 26.7 | 10.1 | 9.9 | 10.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 74.2 | 119.6 | 188.3 | 188.3 | 130.7 | 149.0 | 93.1 | 73.8 | 73.3 | 82.9 | 17.9 | 7.9 |
| Short-Term Investments | 0 | 0 | 0 | 18.5 | 0 | 0 | 0 | 0 | 0 | 47.9 | 0 | 1.8 |
| Net Receivables | 46.1 | 85.5 | 170.6 | 171.0 | 119.7 | 67.4 | 50.4 | 59.5 | 66.1 | 50.5 | 9.7 | 1.4 |
| Inventory | 78.1 | 90.3 | 99.9 | 160.5 | 131.7 | 97.8 | 31.5 | 41.7 | 53.4 | 26.6 | 2.9 | 3.7 |
| Other Current Assets | 50.4 | 28.1 | 29.2 | 24.7 | 9.8 | 47.4 | 6.8 | 10.4 | 8.4 | 6.2 | 0.3 | 0.2 |
| Total Current Assets | 248.8 | 323.4 | 488.0 | 563.1 | 404.1 | 361.7 | 181.8 | 180.6 | 201.3 | 214.0 | 30.7 | 14.9 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 64.4 | 77.5 | 97.7 | 107.5 | 88.2 | 61.4 | 27.6 | 18.4 | 22.7 | 20.5 | 2.6 | 1.7 |
| Goodwill | 318.6 | 318.6 | 318.6 | 306.7 | 306.7 | 302.8 | 238.3 | 238.3 | 238.0 | 76.0 | 0 | 0 |
| Intangible Assets | 48.9 | 55.0 | 73.6 | 109.3 | 152.5 | 207.3 | 188.0 | 244.9 | 315.0 | 104.3 | 0 | 0 |
| Long-Term Investments | 27.2 | 0.0 | 11.8 | 11.8 | 6.1 | 1.0 | 0.1 | 0.4 | 1.1 | 6.0 | 0 | 0 |
| Other Non-Current Assets | 11.2 | 21.4 | 21.0 | 15 | 3.6 | 2.2 | 2.8 | 4.7 | 6.9 | 1.8 | 2.4 | 0.1 |
| Total Non-Current Assets | 547.6 | 543.4 | 596.0 | 623.0 | 648.4 | 670.9 | 539.4 | 580.4 | 661.8 | 208.6 | 5.0 | 1.8 |
| Total Assets | 796.4 | 866.9 | 1,084.1 | 1,186.2 | 1,052.5 | 1,032.6 | 721.1 | 765.8 | 863.1 | 422.7 | 99.0 | 16.7 |
| Current Liabilities | ||||||||||||
| Account Payables | 37.9 | 31.4 | 21.6 | 68.6 | 53.0 | 32.8 | 13.4 | 15.6 | 16.9 | 6.8 | 4.2 | 1.5 |
| Short-Term Debt | 9.1 | 9.4 | 9.1 | 10.5 | 8.9 | 8.1 | 4.8 | 1.2 | 0 | 0 | 0.1 | 0.1 |
| Deferred Revenue | 4.2 | 0.1 | 1.6 | 1.1 | 1.0 | 0 | 0 | 0 | 4.4 | 6.0 | 0 | 0 |
| Other Current Liabilities | 85.1 | 120.5 | 158.9 | 193.0 | 80.7 | 144.3 | 38.9 | 42.7 | 41.9 | 31.5 | 13.7 | 4.3 |
| Total Current Liabilities | 186.0 | 182.3 | 222.1 | 341.1 | 207.4 | 233.7 | 66.6 | 70.6 | 76.4 | 54.5 | 19.7 | 6.5 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 135.9 | 123.0 | 122.4 | 121.8 | 306.2 | 363.6 | 206.9 | 255.8 | 347.6 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 2.2 | 3.8 | 6.1 | 2.1 | 10.2 | 15.4 | 22.2 | 38.2 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 10.2 | 26.1 | 23.2 | 17.4 | 23.0 | 13.2 | 8.1 | 8.5 | 8.6 | 6.0 | 0 | 2.0 |
| Total Non-Current Liabilities | 158.5 | 168.3 | 175.7 | 168.7 | 355.9 | 407.9 | 239.7 | 290.6 | 399.2 | 15.7 | 0.2 | 2.2 |
| Total Liabilities | 344.5 | 350.6 | 397.8 | 509.8 | 563.3 | 641.5 | 306.2 | 365.9 | 475.6 | 70.2 | 19.9 | 8.7 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (500.4) | (363.7) | (118.5) | (45.4) | (170.4) | (212.4) | (113.8) | (93.6) | (69.1) | (59.9) | (21.8) | (26.1) |
| Accumulated Other Comprehensive Income | 1.0 | (6.8) | (3.8) | (1.0) | 2.1 | 1.4 | (0.9) | 0.3 | 1.0 | (1.6) | (2.3) | 0.0 |
| Total Stockholders' Equity | 451.9 | 516.3 | 686.3 | 676.4 | 489.2 | 391.1 | 414.9 | 399.9 | 387.4 | 352.4 | 15.9 | (25.4) |
| Total Liabilities & Equity | 796.4 | 866.9 | 1,084.1 | 1,186.2 | 1,052.5 | 1,032.6 | 721.1 | 765.8 | 863.1 | 422.7 | 99.0 | 16.7 |
| Debt Metrics | ||||||||||||
| Total Debt | 157.3 | 149.4 | 157.8 | 155.6 | 339.7 | 392.6 | 221.1 | 261.1 | 347.6 | 0 | 0.2 | 0.3 |
| Net Debt | 83.1 | 29.8 | (30.6) | (32.7) | 209.0 | 243.6 | 128.0 | 187.3 | 274.3 | (82.9) | (17.7) | (7.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (136.7) | (245.2) | (73.1) | 125.0 | 42.0 | (98.6) | (19.9) | (26.2) | (9.2) | 61.3 |
| Depreciation & Amortization | 44.0 | 46.2 | 62.6 | 71.9 | 84.4 | 72.6 | 64.3 | 79.0 | 66.7 | 26.7 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 31.7 | 32.7 | 21.8 |
| Change in Working Capital | 30.1 | 53.1 | (15.3) | 86.0 | (24.3) | 28.9 | 16.9 | 28.6 | (5.6) | 7.8 |
| Other Non-Cash Items | 90.8 | 99.8 | 55.3 | 82.3 | 69.4 | 89.2 | 32.7 | 1.7 | 22.2 | (0.4) |
| Operating Cash Flow | 19.6 | (45.3) | 25.0 | 388.7 | 168.2 | 73.6 | 78.3 | 102.7 | 75.1 | 117.3 |
| Investing Activities | ||||||||||
| Capital Expenditure | (12.6) | (17.7) | (13.5) | (41.3) | (39.2) | (12.5) | (6.9) | (7.8) | (7.5) | (8.5) |
| Acquisitions | 0 | 0 | (13.3) | 0 | (40) | (160) | 0 | 0 | (473.3) | (101) |
| Purchases of Investments | 0 | 0 | 0 | (29.3) | (5) | 0 | 0 | 0 | (30.6) | (90.3) |
| Sales/Maturities of Investments | 0 | 0 | 17.2 | 0 | 0 | 0 | 0 | 0 | 84.5 | 98.9 |
| Other Investing Activities | 0 | 0 | 0 | (10) | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (19.8) | (23.4) | (15.9) | (91.8) | (91.8) | (175.3) | (7.0) | (7.8) | (432.2) | (101.3) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | (185) | (64.0) | 155.1 | (50) | (93) | 346.8 | 0 |
| Stock Repurchased | (20) | 0 | 0 | (31.5) | (23.5) | 0 | 0 | 0 | (0.3) | (0.0) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (2.2) | (2.8) | (12.6) | (28.9) | (13.1) | (3.5) | (12.0) | (7.6) | (11.5) | (7.3) |
| Financing Cash Flow | (18.7) | 1.3 | (8.0) | (240.4) | (91.9) | 159.6 | (53.4) | (93.8) | 347.0 | (0.7) |
| Cash Position | ||||||||||
| Net Change in Cash | (18.2) | (68.8) | 0.0 | 57.7 | (18.3) | 56.0 | 19.3 | 0.4 | (9.5) | 14.9 |
| Cash at Beginning | 119.6 | 188.3 | 188.3 | 130.7 | 149.0 | 93.1 | 73.8 | 73.3 | 82.9 | 68.0 |
| Cash at End | 101.4 | 119.6 | 188.3 | 188.3 | 130.7 | 149.0 | 93.1 | 73.8 | 73.3 | 82.9 |
| Free Cash Flow | 7.0 | (63.0) | 11.6 | 347.5 | 129.1 | 61.1 | 71.5 | 94.9 | 67.6 | 108.8 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||
| Revenue | 467.6 | 360.5 | 693.3 | 1,120.3 | 892.4 | 478.6 | 317.2 | 385.0 | 420.3 | 387.8 | 300.4 | 133.1 | 119.6 | 97.7 | 71.9 | 68.7 | 51.4 | 31.3 | 9.7 |
| Gross Profit | 265.8 | 192.4 | 382.8 | 637.8 | 472.2 | 189.3 | 144.6 | 176.6 | 178.6 | 230.0 | 155.4 | 82.0 | 74.1 | 60.7 | 45.3 | 47.1 | 34.3 | 18.7 | 4.8 |
| Operating Income | (126.9) | (168.7) | (16.0) | 185.3 | 67.4 | (83.0) | (19.4) | (13.1) | (0.1) | 73.5 | (2.3) | (8.6) | (10) | (12.9) | (15.0) | 3.5 | 4.6 | (2.0) | (9.4) |
| Net Income | (136.7) | (245.2) | (73.1) | 125.0 | 42.0 | (98.6) | (19.9) | (26.2) | (9.2) | 61.3 | (42.3) | (7.0) | (12.7) | (13.3) | (22.0) | 10.1 | 4.3 | (1.9) | (8.7) |
| EPS (Diluted) | -1.58 | -2.93 | -0.91 | 1.55 | 0.53 | -1.35 | -0.28 | -0.38 | -0.14 | 0.91 | -0.79 | -0.19 | -0.37 | -0.40 | -0.68 | 0.30 | 0.06 | -0.19 | -0.76 |
| Balance Sheet | |||||||||||||||||||
| Cash & Equivalents | 74.2 | 119.6 | 188.3 | 188.3 | 130.7 | 149.0 | 93.1 | 73.8 | 73.3 | 82.9 | 17.9 | 7.9 | |||||||
| Total Assets | 796.4 | 866.9 | 1,084.1 | 1,186.2 | 1,052.5 | 1,032.6 | 721.1 | 765.8 | 863.1 | 422.7 | 99.0 | 16.7 | |||||||
| Total Debt | 157.3 | 149.4 | 157.8 | 155.6 | 339.7 | 392.6 | 221.1 | 261.1 | 347.6 | 0 | 0.2 | 0.3 | |||||||
| Stockholders' Equity | 451.9 | 516.3 | 686.3 | 676.4 | 489.2 | 391.1 | 414.9 | 399.9 | 387.4 | 352.4 | 15.9 | (25.4) | |||||||
| Cash Flow | |||||||||||||||||||
| Operating Cash Flow | 19.6 | (45.3) | 25.0 | 388.7 | 168.2 | 73.6 | 78.3 | 102.7 | 75.1 | 117.3 | |||||||||
| Capital Expenditure | (12.6) | (17.7) | (13.5) | (41.3) | (39.2) | (12.5) | (6.9) | (7.8) | (7.5) | (8.5) | |||||||||
| Free Cash Flow | 7.0 | (63.0) | 11.6 | 347.5 | 129.1 | 61.1 | 71.5 | 94.9 | 67.6 | 108.8 | |||||||||