Q4 revenue guidance of $240M-$260M implies continued sequential growth of 10-19%, suggesting the AI data center ramp is accelerating. The increased revolver capacity provides financial flexibility for working capital and potential investments. Monitor the pace of Keystone PAM4 DSP and Rushmore/Annapurna product adoption in upcoming quarters.
Price Chart
Executive Summary
MaxLinear reported Q3 2026 net revenue of $218.1M, up 72% YoY and 29% sequentially, with GAAP diluted EPS of $0.30 and non-GAAP diluted EPS of $0.62, exceeding consensus estimates of $0.56. The company also amended its credit agreement to increase revolving commitments by $70M to $200M and lowered its liquidity covenant threshold from $80M to $60M. Revenue growth was driven by a 210% YoY increase in AI data center infrastructure revenue.
Key Financial Metrics
Key Facts
- Q3 2026 net revenue of $218.1M, up 72% year-over-year and 29% sequentially
- GAAP diluted EPS of $0.30 vs $0.52 loss in prior year; non-GAAP diluted EPS of $0.62 vs $0.14 prior year
- Non-GAAP diluted EPS of $0.62 exceeded consensus estimate of $0.56
- Infrastructure revenue grew 210% year-over-year driven by optical AI data center products
- Credit agreement amended to add $70M in incremental revolving commitments, total now $200M
- Liquidity covenant threshold reduced from $80M to $60M
- Q4 2026 revenue guidance of $240M-$260M, above Q3 actual of $218.1M
- GAAP operating margin improved to 13.9% from -32.7% in prior year; non-GAAP operating margin 29.5%
- Cash and cash equivalents of $81.1M at quarter end; long-term debt of $164.1M
Financial Impact
Revenue growth of 72% YoY to $218.1M, non-GAAP EPS of $0.62 vs consensus $0.56; credit facility expanded by $70M to $200M
Risk Factors
- Concentration of growth in a limited number of hyperscale customers
- Sustainability of AI-related capital expenditure levels by customers
- Potential impact of tariffs, export controls, and trade barriers
- Terminated Silicon Motion merger-related arbitration and class action complaint
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001288469-26-000060 |
| Document: a09302026exhibit991.htm | 0001288469-26-000060 |
| Document: mxl-20261022.htm | 0001288469-26-000060 |
| Document: 0001288469-26-000060-index-headers.html | 0001288469-26-000060 |
| Document: 0001288469-26-000060-index.html | 0001288469-26-000060 |
| Document: 0001288469-26-000060.txt | 0001288469-26-000060 |
| 8-K Data (Synthetic) | 0001288469-26-000060 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $63.46 $66.47 | ▲ +4.74% | ▲ +4.03% | $66.47 (+4.74%) |
Jun 11, 2026 19w ago | Institutional Cluster | $81.09 $84.46 | ▼ −4.16% | ▼ −3.62% | $66.47 (+18.03%) |
May 26, 2026 21w ago | 144 | $101.10 $97.76 | ▼ −3.30% | ▼ −3.85% | $66.47 (−34.25%) |
May 22, 2026 22w ago | 144 | $96.12 $101.10 | ▲ +5.18% | ▲ +5.17% | $66.47 (−30.85%) |
May 4, 2026 25w ago | 144 | $81.68 $81.68 | · 0.00% | ▼ −1.38% | $66.47 (−18.62%) |
May 4, 2026 25w ago | Insider Cluster | $78.12 $81.68 | ▲ +4.56% | ▲ +3.76% | $66.47 (−14.91%) |
Apr 23, 2026 26w ago | 8-K | $60.32 $51.65 | ▼ −14.37% | ▼ −14.54% | $66.47 (+10.20%) |
US Market Status
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