Maxlinear, Inc · NASDAQ:MXL
Maxlinear — Q3 2026 Earnings Presentation
14 slides from Maxlinear's earnings presentation, Oct 22, 2026
Slide 1: MaxLinear Q3'26 Earnings
MaxLinear Q3'26 Earnings October 22, 2026
Slide 2: Cautionary Note Concerning Forward-Looking Statements
Cautionary Note Concerning Forward-Looking Statements This presentation 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. Unless otherwise indicated, all forward looking
Slide 3: Disclaimer: Non-GAAP Financial Measures
Disclaimer Non-GAAP Financial Measures This communication contains non-GAAP financial measures, which MaxLinear management believes are useful to investors and reflect how management measures MaxLinear’s business. Among other uses, our management uses non-GAAP measures to compare our performance rel
Slide 4: Q3'26 Financial Summary
Q3'26 Financial Summary • Revenue of $218.1 million, up 29% from Q2'26 and up 72% from Q3'25 • GAAP and non-GAAP gross margin was 58.7% and 60.0% • GAAP and non-GAAP operating margin was 13.9% and 29.5% • GAAP and non-GAAP diluted earnings per share was $0.30 and $0.62
Slide 5: Q3'26 Business Highlights
Q3'26 Business Highlights • Infrastructure grew 47% sequentially and 210% over Q3'25 continuing as MaxLinear’s largest revenue category. This was led by strong growth in high-speed optical interconnects. • Keystone, our 100G-per-lane PAM4 DSP platform, continues to ramp into high-volume production.
Slide 6: Q3'26 GAAP Financial Results
Q3'26 GAAP Financial Results $M Q3'26 Q2'26 Q3'25 Net Revenue $218.1 $168.8 $126.5 Gross Margin 58.7% 57.8% 56.9% Operating Expenses $97.8 $101.8 $113.2 Interest and Other Income (Expense), Net $(2.1) $(2.4) $(2.1) Tax Rate (2.6)% 126.9% (4.8)% Net Income (Loss) $28.9 $1.8 $(45.5) Diluted Net Income
Slide 7: Q3'26 Non-GAAP Financial Highlights
Q3'26 Non-GAAP Financial Highlights $M Q3'26 Q2'26 Q3'25 Net Revenue (GAAP) $218.1 $168.8 $126.5 Non-GAAP Gross Margin 60.0% 59.5% 59.1% Non-GAAP Operating Expenses $66.5 $62.8 $59.5 Non-GAAP Interest and Other Income (Expense), Net $(2.0) $(2.3) $(1.8) Non-GAAP Tax Rate 2.4% 2.8% 9.7% Non-GAAP Net
Slide 8: Q3'26 Balance Sheet
Q3'26 Balance Sheet $M Assets Q3'26 Q2'26 Q3'25 Cash and cash equivalents $81.1 $64.8 $111.9 Accounts receivable $73.4 $51.0 $52.9 Inventory $113.7 $105.5 $86.3 Other current assets $123.0 $77.3 $33.0 Total current assets $391.2 $298.7 $284.1 Net PP&E $41.3 $41.2 $50.9 Long-term restricted cash $27.
Slide 9: Q4'26 Guidance
Q4'26 Guidance $M, shares in M GAAP Non-GAAP (except for revenue) Revenue $240 - $260 $240 - $260 Gross Margin 58.0% - 61.0% 59.0% - 62.0% Operating Expenses $96 - $101 $65 - $70 Interest and Other Expense, Net $3.5 - $4.3 $3.5 - $4.3 Income Tax Provision (Benefit) $(1.5) $1.5 Fully Diluted Share Co
Slide 10: Appendix
Appendix
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, 2026 2026 2025 2026 2025 GAAP gross profit $ 128,070 $ 97,663 $ 71,901 $ 304,61
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data) Three Months Ended Nine Months Ended September 30, June 30, September 30, September 30, September 30, 2026 2026 2025 2026 2025 GAAP income (loss) from operations $ 30,227 $ (4,185)
Slide 13: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data) Three Months Ended Nine Months Ended September 30, September 30, September 30, September 30, 2026 June 30, 2026 2025 2026 2025 GAAP net income (loss) $ 28,902 $ 1,760 $ (45,485) $ (
Slide 14: Thank You
Thank You