MaxLinear Inc is a provider of radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks... Show more
MaxLinear, Inc. is a fabless semiconductor company headquartered in Carlsbad, California. The company designs and sells radio frequency (RF), analog, mixed-signal, and digital integrated circuits and communications systems-on-chip (SoCs) used across broadband access, wired and wireless infrastructure, connectivity, data center, and industrial multi-market applications. Its customers include electronics distributors, module makers, original equipment manufacturers, and original design manufacturers.
In recent quarters, MaxLinear has gained investor attention for its expanding role in AI data center infrastructure, particularly high-speed optical connectivity. Products such as its Keystone PAM4 SerDes family support 800-gigabit optical deployments, while next-generation Rushmore and Big Sky architectures target 1.6-terabit and 3.2-terabit speeds. Investors follow MXL closely because of its exposure to the AI-driven buildout of hyperscale data centers and its transition away from legacy broadband markets.
Over the last 30 days, MXL declined approximately 25%, from a closing price of $90.31 on September 30, 2026 to $67.47 on October 30, 2026. The drop was not a straight line: the stock continued climbing into early October, reaching an intraday high above $113 on October 7 before a sharp reversal that accelerated around the company's October 22 earnings report.
Over the last quarter, the picture is very different. MXL began the three-month window around $66.82 on July 31, 2026 and closed near $67.47, leaving shares essentially flat — up roughly 1% — despite extreme volatility in between. The quarter featured a mid-summer selloff, a powerful recovery into early October, and a subsequent round-trip decline that brought the stock back near its starting point.
The most significant catalyst was the company's third-quarter 2026 earnings report released on October 22, 2026. MaxLinear reported revenue of $218.1 million, up 72% year over year, with infrastructure revenue of approximately $125 million, up 210% year over year. Non-GAAP diluted earnings per share came in at $0.62, beating estimates, and the company raised its 2026 optical data center revenue outlook to a range of $250 million to $270 million. Fourth-quarter guidance of $240 million to $260 million also exceeded the consensus estimate of roughly $226.7 million.
Despite the strong numbers, the stock sold off sharply. Investors appeared to focus on valuation, profit-taking, and execution risk rather than the upbeat guidance. After a massive run in 2026, the shares traded at a price-to-sales ratio well above their historical average, leaving little room for disappointment. Analysts also noted that the company's market-share ambitions in the optical digital signal processing segment remain aggressive and depend on successful product ramps in 2027 and 2028. On October 23, Susquehanna lowered its price target on MXL to $70 from $80 while maintaining a Neutral rating, citing the results and guidance. Persistent insider selling — with no insider purchases reported over the prior year — added to the cautious tone.
The quarter was defined by the market's effort to price MaxLinear's transformation into an AI infrastructure supplier. Early in the period, shares were recovering from a steep mid-summer pullback that had taken the stock from above $119 in early July to the mid-$50s by late July. A renewed focus on AI data center demand then fueled a sharp rally, as investors responded to accelerating optical PAM4 adoption and the company's expanding content within AI server racks.
That enthusiasm carried MXL to its October peak before valuation concerns and a sell-the-news reaction to earnings reversed the move. The broader narrative — a fabless chip designer pivoting from broadband toward high-speed optical connectivity for hyperscalers — remained intact, but the quarterly round trip underscored how much the market had already priced in ahead of the results.
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Looking ahead, investors should monitor several factors. First, the company's fourth-quarter 2026 results and any updates to its 2027 optical data center outlook will be critical, given that management has signaled expectations for another significant step-up in revenue. The pace of the transition from 800-gigabit to 1.6-terabit architectures, including the ramp of the Rushmore and Washington product families, will be closely watched, as will execution on the Panther storage accelerator platform.
Valuation remains a key risk after the 2026 run-up, and any signs of slowing hyperscaler spending, competitive pressure in optical DSPs, or product-ramp delays could weigh on sentiment. Macroeconomic conditions affecting cloud capital expenditures and the seasonal softness expected in broadband and connectivity during the fourth quarter are also worth tracking. As always, these are factors to observe rather than a basis for any specific investment decision.
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The RSI Indicator for MXL moved out of oversold territory on November 06, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 28 similar instances when the indicator left oversold territory. In 24 of the 28 cases the stock moved higher. This puts the odds of a move higher at 86%.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +13.04% 3-day Advance, the price is estimated to grow further. Considering data from situations where MXL advanced for three days, in 253 of 319 cases, the price rose further within the following month. The odds of a continued upward trend are 79%.
MXL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on October 12, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on MXL as a result. In 70 of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 78%.
The Moving Average Convergence Divergence Histogram (MACD) for MXL turned negative on October 12, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In 35 of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at 76%.
MXL moved below its 50-day moving average on October 16, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for MXL crossed bearishly below the 50-day moving average on October 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 13 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 69%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where MXL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 81%.
The Aroon Indicator for MXL entered a downward trend on November 06, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 18 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.200) is normal, around the industry mean (5.443). P/E Ratio (-41.678) is within average values for comparable stocks, (15.640). Projected Growth (PEG Ratio) (0.394) is also within normal values, averaging (3.803). Dividend Yield (0.000) settles around the average of (0.014) among similar stocks. P/S Ratio (10.764) is also within normal values, averaging (46.468).
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating steady price growth. MXL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 96 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 97 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. MXL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 80, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of semiconductors and radio frequency integrated circuits
Industry Semiconductors