MXL MaxLinear, Inc - Common Stock

NASDAQ · Semiconductors · View on SEC EDGAR ↗
$67.97
Price · Aug 19, 2026
Fundamentals as of Jul 23, 2026

About MaxLinear, Inc - Common Stock Company overview from Wikipedia

MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

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MaxLinear, Inc. is an American electronic hardware company. Founded in 2003, it provides highly integrated radio-frequency (RF) analog and mixed-signal semiconductor products for broadband communications applications. It is a New York Stock Exchange-traded company.

History

Founding and growth

MaxLinear was founded in 2003 in Carlsbad, California by "eight semiconductor industry veterans." Kishore Seendripu was co-founder, and would become chairman, president, and chief executive. Among other companies, in the past Seendripu had worked on the technical staff at Broadcom. Prior to 2009, the majority of the company's revenue was from the sale of its "mobile handset digital television receivers" which contained MaxLinear's digital television RF receiver chips, in Japan. The biggest customers for the product were Panasonic, Murata, and MTC Co. However, in 2009, the company sold more chips for use in digital set top boxes in Europe, automotive navigation displays, and digital TVs. In 2009, the company shipped 75 million chips to companies such as Panasonic and Sony, with 99 percent of its sales in Asia.

In November 2009, MaxLinear announced it intended to go public. At the time of the IPO, MaxLinear’s venture investors included Mission Ventures in San Diego, U.S. Venture Partners, Battery Ventures and UMC Capital. MaxLinear raised around $35 million in venture capital prior to the IPO, spending around half of it. By the end of 2009, the company had $17.9 million in cash. That year, MaxLinear had $51.4 million in revenue and $4.3 million in profit.

IPO

The company held an initial public offering on March 24, 2010 on the New York Stock Exchange (NYSE) under the ticker symbol MXL. Initially the company expected to raise around $43 million with the IPO, with that projection later raised to $90 million after a last-minute increase in share price by the company. According to the San Diego Union-Tribune, "shares soared 34 percent on their debut. MaxLinear collected about $92 million from the offering, with its shares opening at $14 and peaking at $18.70 on the first day of trading." After the debut, MaxLinear said it planned to use the proceeds for "general corporate purposes," and perhaps for acquiring competitor businesses or products.

Post-IPO

By May 2010, the company employed 135 people. In May 2015, MaxLinear acquired Entropic Communications. In April 2016, MaxLinear bought Microsemi's wireless backhaul business, adding about 30 workers to its workforce. In May 2016, MaxLinear announced it would buy Broadcom's "wireless backhaul infrastructure for $80 million in cash." In the Broadcom deal, MaxLinear took on about 120 additional employees. On February 8, 2017, MaxLinear announced the acquisition of Marvell Technology Group's G.hn business, for $21.0 million in cash. On March 29, 2017, MaxLinear Inc. announced it would buy Exar Corporation for about $661.6 million cash. The acquisition of Exar Corp for $687 million was completed in May 2017.

It acquired Intel’s Home Gateway Platform Division (formerly Lantiq) in 2020.

In 2020 the company acquired NanoSemi for its machine learning techniques to improve signal integrity and power efficiency in communication and artificial intelligence systems.

As of 2022, MaxLinear is on the Multimedia over Coax Alliance board of directors as well as Arris, Broadcom, Comcast, Cox Communications, DirecTV, Echostar, Intel, and Verizon.

In May 2022, MaxLinear agreed to buy Silicon Motion, an American-Taiwanese company that develops NAND flash controllers, for $3.8 billion in a cash-and-stock deal. In July 2023, it scrapped the acquisition citing that Silicon Motion had failed to complete some of the acquisition closing conditions and suffered a "material adverse effect".

Locations

MaxLinear is based in Carlsbad, California, and operates in the United States, Austria, China, Israel, India, Japan, Korea, and Spain. A "fabless" company, it uses outside chipmaking facilities, known as foundries or fabs, to manufacture its chips. By 2010, it used "third-party contractors in Asia for manufacturing and assembly," with all its chips made by United Microelectronics Corporation (UMC) at foundries in Taiwan and Singapore.

Products

MaxLinear sells its products to original equipment manufacturers (OEMs), module makers and original design manufacturers (ODMs). The San Diego Union-Tribune writes that "MaxLinear’s product is very small radio-frequency TV tuner chips — half the size of an individual dial button on the keypad of a cell phone." According to Xconomy, "MaxLinear focuses on designing semiconductor chips that enable people to watch TV on devices with a wireless broadband connection." The "tiny chips" are further described as "high-performance radio frequency (RF) systems-on-a-chip for receiving and processing digital TV broadcasts, digital videos, and broadband data downloads," in order to "enable people to watch TV on a handheld wireless device."

San Diego Union-Tribune writes that the company aims to "take over from bulky 'can' tuners in TVs and other electronics. It plans to get its chips into computers, set-top boxes, mobile phones and in-vehicle video systems." Most of its customers were in Europe and Japan as of 2010, where the chips are used in "analog-to-digital set-top boxes." They are also used in televisions, mobile phones, computers, terrestrial digital and cable set-top boxes, car video systems, DOCSIS 3.0 voice and data cable modems, digital televisions, and netbooks. The company designs its analog and mixed-signal circuits in standard CMOS process technology for low-cost manufacturing.

Collaborations

In April 2013, SES S.A. announced the development by Inverto, Abilis and MaxLinear Inc of a prototype Sat-IP LNB (IP-LNB), which was demonstrated at a conference held at SES' headquarters in Luxembourg. The IP-LNB incorporates eight-channel satellite-to-IP bridging technology to deliver eight concurrent channels via IP unicast or multicast to fixed and portable client devices. As of July 2012, the prototype IP-LNB was being developed into a commercial product.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

MXL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$67.97
Market Cap
$6.08B
P/E (TTM)
-44.5
EPS (TTM)
$-1.58
Revenue (TTM)
$468M
Div Yield
ROE
-29.1%
Debt/Equity
0.3
52W Range
$13 – $128

MXL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income $468M
10-point trend, +20.6%
2016-12-31 2025-12-31
EPS $-1.58
10-point trend, -273.6%
2016-12-31 2025-12-31
Free Cash Flow $7M
10-point trend, -93.5%
2016-12-31 2025-12-31
Margins -29.2%
10-point trend, -4.1%
2016-12-31 2025-12-31

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
MXL
Peer Median
P/E (TTM)
5-point trend, -107.8%
-44.5
40.3
P/S (TTM)
5-point trend, -50.3%
13.0
9.3
P/B
5-point trend, -71.8%
13.5
4.3
EV / EBITDA
5-point trend, -149.5%
-74.0
Price / FCF
5-point trend, +378.5%
866.7

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
MXL
Peer Median
Gross Margin
5-point trend, +2.3%
56.8%
52.7%
Operating Margin
5-point trend, -471.1%
-27.1%
Net Profit Margin
5-point trend, -721.9%
-29.2%
-5.6%
ROA
5-point trend, -506.4%
-16.5%
-3.6%
ROE
5-point trend, -427.7%
-29.1%
-4.5%
ROIC
5-point trend, -397.5%
-21.4%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
MXL
Peer Median
Debt / Equity
5-point trend, -56.3%
0.3
30.5
Current Ratio
5-point trend, -31.3%
1.3
3.9
Quick Ratio
5-point trend, -47.0%
0.6

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
MXL
Peer Median
Revenue YoY
5-point trend, -47.6%
29.7%
Revenue CAGR 3Y
5-point trend, -47.6%
-25.3%
Revenue CAGR 5Y
5-point trend, -47.6%
-0.46%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
MXL
Peer Median
EPS (Diluted)
5-point trend, -398.1%
$-1.58

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
MXL
Peer Median

MXL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 14 analysts
  • Strong Buy 2 14.3%
  • Buy 8 57.1%
  • Hold 4 28.6%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

11 analysts · 2026-08-17
Median target $100.00 +47.1%
Mean target $94.55 +39.1%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.01%
Period EPS Actual EPS Est Surprise
June 30, 2026 $0.35 $0.33 0.02%
March 31, 2026 $0.22 $0.18 0.04%
Dec. 31, 2025 $0.19 $0.18 0.01%
Sept. 30, 2025 $0.14 $0.12 0.02%
June 30, 2025 $0.02 $0.02 0.00%
March 31, 2025 $-0.05 $-0.05 -0.00%

Peer comparison (GICS sub-industry) Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
MXL $1.51B -11.0 29.7% -29.2% -29.1% 56.8%
SWKS 25.0 -2.2%
RMBS $9.90B 43.5 27.1% 32.6% 17.8% 79.6%
QRVO $6.79B 21.4 -1.1% 9.2% 9.9% 45.9%
SLAB $4.35B -66.6 34.3% -8.3% -6.0% 58.2%
ALGM $5.58B -376.5 22.8% -1.7% -1.6% 46.3%
CRUS $7.25B 18.3 5.3% 20.8% 19.9% 52.8%
RGTI
PI $5.26B -470.3 -1.4% -3.0% -5.5% 52.5%
DIOD $2.26B 34.5 13.0% 4.5% 3.6% 31.2%
SYNA $4.73B -9.6 11.4% -41.0% -42.4% 44.7%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 17
Annual Income Statement data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue 12-point trend, +251.3% $468M $361M $693M $1.12B $892M $479M $317M $385M $420M $388M $300M $133M
Cost of Revenue 12-point trend, +294.5% $202M $166M $308M $470M $397M $266M $149M $176M $212M $158M $145M $51M
Gross Profit 12-point trend, +224.3% $266M $195M $386M $650M $496M $213M $168M $209M $208M $230M $155M $82M
SG&A Expense 12-point trend, +366.7% $160M $138M $132M $168M $150M $130M $89M $102M $106M $64M $78M $34M
Operating Expenses 12-point trend, +332.4% $393M $418M $424M $470M $431M $314M $190M $228M $230M $167M $199M $91M
Operating Income 12-point trend, -1332.5% $-127M $-223M $-38M $180M $65M $-101M $-22M $-19M $-22M $63M $-44M $-9M
Interest Expense 10-point trend, +71246.7% · · $11M $10M $13M $13M $11M $14M $10M $104.0K $100.0K $15.0K
Interest Income 12-point trend, +1334.3% $3M $6M $6M $245.0K $78.0K $409.0K $775.0K $78.0K $274.0K $572.0K $275.0K $236.0K
Other Non-op 12-point trend, -5861.8% $-7M $-11M $-21M $3M $764.0K $-1M $-69.0K $422.0K $-2M $163.0K $568.0K $-123.0K
Pretax Income 12-point trend, -1511.1% $-141M $-239M $-64M $174M $48M $-115M $-32M $-33M $-34M $64M $-43M $-9M
Income Tax 12-point trend, -147.2% $-4M $6M $9M $49M $6M $-16M $-13M $-7M $-25M $2M $-575.0K $-2M
Net Income 12-point trend, -1841.2% $-137M $-245M $-73M $125M $42M $-99M $-20M $-26M $-9M $61M $-42M $-7M
EPS (Basic) 12-point trend, -731.6% $-1.58 $-2.93 $-0.91 $1.60 $0.55 $-1.35 $-0.28 $-0.38 $-0.14 $0.96 $-0.79 $-0.19
EPS (Diluted) 12-point trend, -731.6% $-1.58 $-2.93 $-0.91 $1.55 $0.53 $-1.35 $-0.28 $-0.38 $-0.14 $0.91 $-0.79 $-0.19
Shares (Basic) 12-point trend, +137.4% 86,588,000 83,600,000 80,719,000 78,039,000 76,037,000 73,133,000 71,005,000 68,490,000 66,252,000 63,781,000 53,378,000 36,472,000
Shares (Diluted) 12-point trend, +137.4% 86,588,000 83,600,000 80,719,000 80,852,000 79,679,000 73,133,000 71,005,000 68,490,000 66,252,000 67,653,000 53,378,000 36,472,000
EBITDA 10-point trend, -192.4% $-83M $-169M $33M $261M $157M $-25M $44M $60M $45M $90M · ·
Balance Sheet 28
Annual Balance Sheet data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, +251.8% $73M $119M $187M $187M $131M $149M $93M $73M $72M $81M $68M $21M
Short-term Investments 7-point trend, -100.0% · · $0 $19M $0 · · · $0 $48M $43M $48M
Receivables 12-point trend, +149.0% $46M $85M $171M $171M $120M $67M $50M $59M $66M $50M $42M $19M
Inventory 12-point trend, +619.3% $78M $90M $100M $161M $132M $98M $32M $42M $53M $27M $32M $11M
Prepaid Expense 12-point trend, +1966.9% $50M $28M $29M $25M $22M $47M $7M $10M $8M $6M $4M $2M
Other Current Assets 3-point trend, +186.2% · · · · $10M $7M $3M · · · · ·
Current Assets 12-point trend, +146.6% $249M $323M $488M $563M $404M $362M $182M $185M $201M $213M $190M $101M
PP&E (Net) 12-point trend, +292.8% $49M $59M $66M $79M $61M $39M $17M $18M $23M $21M $22M $12M
PP&E (Gross) 12-point trend, +645.4% $207M $196M $183M $181M $145M $109M $76M $72M $67M $53M $47M $28M
Accum. Depreciation 12-point trend, +932.3% $158M $136M $116M $102M $84M $70M $59M $54M $44M $33M $25M $15M
Goodwill 12-point trend, +26426.9% $319M $319M $319M $307M $307M $303M $238M $238M $238M $76M $50M $1M
Intangibles 12-point trend, +370.7% $49M $55M $74M $109M $153M $207M $188M $245M $315M $104M $51M $10M
Other Non-current Assets 12-point trend, +2091.2% $11M $21M $33M $27M $9M $2M $3M $5M $7M $2M $2M $513.0K
Total Assets 12-point trend, +486.8% $796M $865M $1.08B $1.18B $1.05B $1.02B $706M $744M $825M $423M $335M $136M
Accounts Payable 12-point trend, +404.9% $38M $31M $22M $69M $53M $33M $13M $16M $17M $7M $6M $8M
Accrued Liabilities 12-point trend, +1204.8% $72M $87M $98M $100M $57M $106M $31M $28M $20M $16M $15M $6M
Current Liabilities 12-point trend, +459.5% $186M $182M $222M $341M $207M $234M $67M $75M $76M $55M $56M $33M
Capital Leases 8-point trend, +200.5% $12M $17M $26M $23M $25M $21M $9M $4M · · · ·
Other Non-current Liabilities 12-point trend, +1801.3% $23M $26M $23M $17M $23M $13M $8M $8M $9M $6M $4M $1M
Total Liabilities 11-point trend, +381.3% $345M $348M $394M $504M $561M $631M $291M $344M $437M $70M $72M ·
Long-term Debt 3-point trend, -40.3% $124M · · · · $370M $207M · · · · ·
Total Debt 9-point trend, -64.4% $124M $123M $122M $122M $306M $364M $207M $256M $348M · · ·
Common Stock 12-point trend, +9000.00 $9.0K $8.0K $8.0K $8.0K $8.0K $7.0K $7.0K $7.0K $7.0K $0 $0 $0
Retained Earnings 12-point trend, -535.1% $-500M $-364M $-119M $-45M $-170M $-212M $-114M $-94M $-69M $-60M $-121M $-79M
AOCI 12-point trend, +4220.0% $1M $-7M $-4M $-1M $2M $1M $-887.0K $272.0K $1M $-2M $-822.0K $-25.0K
Stockholders' Equity 12-point trend, +356.0% $452M $516M $686M $676M $489M $391M $415M $400M $387M $352M $263M $99M
Liabilities + Equity 12-point trend, +486.8% $796M $865M $1.08B $1.18B $1.05B $1.02B $706M $744M $825M $423M $335M $136M
Shares Outstanding 12-point trend, +86451000.00 86,451,000 84,613,000 81,818,000 78,745,000 76,778,000 74,536,000 71,931,000 69,551,000 67,400,000 0 0 0
Cash Flow 17
Annual Cash Flow data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +761.4% $44M $54M $72M $81M $92M $77M $66M $79M $67M $27M $41M $5M
Stock-based Comp 12-point trend, +413.9% $77M $66M $55M $82M $59M $48M $32M $32M $33M $22M $19M $15M
Deferred Tax 12-point trend, -276.9% $-9M $833.0K $-4M $23M $-2M $-19M $-16M $-12M $-32M $101.0K $-2M $-2M
Amort. of Intangibles 12-point trend, +3228.2% $13M $23M $39M $52M $67M $61M $57M $68M $55M $16M $30M $400.0K
Restructuring 12-point trend, +24525000.00 $25M $53M $20M $2M $2M $4M $3M $4M $10M $3M $14M $0
Other Non-cash 10-point trend, +487.2% $44M $79M $-6M $78M $-23M $67M $15M $30M $17M $7M · ·
Operating Cash Flow 12-point trend, +60.4% $20M $-45M $43M $389M $168M $74M $78M $103M $75M $117M $55M $12M
CapEx 12-point trend, +43.2% $13M $18M $13M $41M $39M $12M $7M $8M $7M $9M $3M $9M
Investing Cash Flow 12-point trend, -13.3% $-20M $-23M $-16M $-92M $-92M $-175M $-7M $-8M $-432M $-101M $-11M $-17M
Stock Issued 12-point trend, +7.7% $4M $4M $5M $5M $9M $8M $9M $7M $12M $7M $10M $3M
Stock Repurchased 12-point trend, +20000000.00 $20M $0 $0 $32M $24M $0 $0 $0 $334.0K $3.0K $101.0K $0
Net Stock Activity 10-point trend, -347.4% $-16M $4M $5M $-27M $-15M $5M $9M $7M $12M $7M · ·
Financing Cash Flow 12-point trend, -3587.5% $-19M $1M $-26M $-240M $-92M $160M $-53M $-94M $347M $-670.0K $4M $-506.0K
Net Change in Cash 12-point trend, -216.1% $-18M $-69M $-1.0K $57M $-18M $57M $19M $-221.0K $-8M $15M $47M $-6M
Taxes Paid $6M · · · · · · · · · · ·
Free Cash Flow 10-point trend, -93.5% $7M $-63M $30M $347M $129M $61M $71M $95M $68M $109M · ·
Levered FCF 7-point trend, -72.8% · · $18M $340M $118M $50M $65M $83M $65M · · ·
Profitability 8
Annual Profitability data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 10-point trend, -4.1% 56.8% 54.0% 55.6% 58.0% 55.6% 44.5% 52.9% 54.2% 49.5% 59.3% · ·
Operating Margin 10-point trend, -266.9% -27.1% -62.0% -5.5% 16.1% 7.3% -21.1% -7.0% -5.0% -5.2% 16.3% · ·
Net Margin 10-point trend, -285.0% -29.2% -68.0% -10.5% 11.2% 4.7% -20.6% -6.3% -6.8% -2.2% 15.8% · ·
Pretax Margin 10-point trend, -283.5% -30.1% -66.2% -9.2% 15.6% 5.4% -24.0% -10.2% -8.5% -8.1% 16.4% · ·
EBITDA Margin 10-point trend, -176.6% -17.7% -46.9% 4.8% 23.3% 17.6% -5.1% 14.0% 15.6% 10.7% 23.1% · ·
ROA 10-point trend, -201.7% -16.5% -25.2% -6.5% 11.2% 4.0% -11.4% -2.8% -3.4% -1.5% 16.2% · ·
ROE 10-point trend, -245.9% -29.1% -45.7% -10.5% 19.4% 8.9% -25.0% -4.8% -6.6% -2.5% 19.9% · ·
ROIC 10-point trend, -224.2% -21.4% -35.9% -5.4% 16.2% 7.2% -11.5% -2.2% -2.3% -0.80% 17.2% · ·
Liquidity & Solvency 5
Annual Liquidity & Solvency data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 10-point trend, -65.9% 1.3 1.8 2.2 1.7 1.9 1.5 2.7 2.6 2.6 3.9 · ·
Quick Ratio 10-point trend, -80.8% 0.6 1.1 1.6 1.1 1.2 0.9 2.2 1.9 1.8 3.3 · ·
Debt / Equity 9-point trend, -69.5% 0.3 0.2 0.2 0.2 0.6 0.9 0.5 0.6 0.9 · · ·
LT Debt / Equity 9-point trend, -69.5% 0.3 0.2 0.2 0.2 0.6 0.9 0.5 0.6 0.9 · · ·
Interest Coverage 7-point trend, -71.0% · · -3.6 18.5 5.0 -7.8 -2.0 -1.3 -2.1 · · ·
Efficiency 3
Annual Efficiency data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 10-point trend, -45.0% 0.6 0.4 0.6 1.0 0.9 0.6 0.4 0.5 0.7 1.0 · ·
Inventory Turnover 10-point trend, -55.2% 2.4 1.7 2.4 3.2 3.5 4.1 4.1 3.7 5.3 5.3 · ·
Receivables Turnover 10-point trend, -14.9% 7.1 2.8 4.1 7.7 9.5 8.1 5.8 6.1 7.2 8.4 · ·
Per Share 5
Annual Per Share data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 9-point trend, -9.1% $5.23 $6.10 $8.39 $8.59 $6.37 $5.25 $5.77 $5.75 $5.75 · · ·
Revenue / Share 10-point trend, -5.8% $5.40 $4.31 $8.59 $13.86 $11.20 $6.54 $4.47 $5.62 $6.34 $5.73 · ·
Cash Flow / Share 10-point trend, -86.9% $0.23 $-0.54 $0.54 $4.81 $2.11 $1.01 $1.10 $1.50 $1.13 $1.73 · ·
Cash / Share 9-point trend, -21.0% $0.84 $1.40 $2.29 $2.38 $1.70 $2.00 $1.29 $1.05 $1.07 · · ·
EPS (TTM) 12-point trend, -731.6% $-1.58 $-2.93 $-0.91 $1.55 $0.53 $-1.35 $-0.28 $-0.38 $-0.14 $0.91 $-0.79 $-0.19
Growth Rates 5
Annual Growth Rates data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, -65.6% 29.7% -48.0% -38.1% 25.5% 86.5% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -292.1% -25.3% -26.1% 13.2% · · · · · · · · ·
Revenue CAGR 5Y -0.46% · · · · · · · · · · ·
EPS YoY · · · 192.5% · · · · · · · ·
Net Income YoY · · · 197.9% · · · · · · · ·
Valuation (TTM) 14
Annual Valuation (TTM) data for MXL
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +251.3% $468M $361M $693M $1.12B $892M $479M $317M $385M $420M $388M $300M $133M
Net Income TTM 12-point trend, -1841.2% $-137M $-245M $-73M $125M $42M $-99M $-20M $-26M $-9M $61M $-42M $-7M
Market Cap 10-point trend, +1506840930.00 $1.51B $1.67B $1.94B $2.67B $5.79B $2.85B $1.53B $1.22B $1.78B $0 · ·
Enterprise Value 9-point trend, -24.3% $1.56B $1.68B $1.88B $2.59B $5.96B $3.06B $1.64B $1.41B $2.06B · · ·
P/E 12-point trend, +71.7% -11.0 -6.8 -26.1 21.9 142.2 -28.3 -75.8 -46.3 -188.7 24.0 -18.6 -39.0
P/S 10-point trend, +3.22 3.2 4.6 2.8 2.4 6.5 5.9 4.8 3.2 4.2 0.0 · ·
P/B 9-point trend, -27.5% 3.3 3.2 2.8 4.0 11.8 7.3 3.7 3.1 4.6 · · ·
P / Tangible Book 5-point trend, -90.8% 17.9 11.7 6.6 10.3 193.0 · · · · · · ·
P / Cash Flow 10-point trend, +76.81 76.8 -36.9 44.8 6.9 34.4 38.7 19.5 11.9 23.7 0.0 · ·
P / FCF 10-point trend, +214.62 214.6 -26.6 65.0 7.7 44.9 46.6 21.4 12.9 26.3 0.0 · ·
EV / EBITDA 9-point trend, -141.2% -18.8 -9.9 56.5 9.9 38.0 -124.3 37.0 23.5 45.6 · · ·
EV / FCF 9-point trend, +629.2% 221.9 -26.6 62.8 7.5 46.2 50.1 23.0 14.8 30.4 · · ·
EV / Revenue 9-point trend, -31.9% 3.3 4.7 2.7 2.3 6.7 6.4 5.2 3.7 4.9 · · ·
Earnings Yield 12-point trend, -253.9% -9.1% -14.8% -3.8% 4.6% 0.70% -3.5% -1.3% -2.2% -0.53% 4.2% -5.4% -2.6%

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312024-12-312023-12-312022-12-312021-12-31
Revenue $468M$361M$693M$1.12B$892M
Gross Margin % 56.8%54.0%55.6%58.0%55.6%
Operating Margin % -27.1%-62.0%-5.5%16.1%7.3%
Net Income $-137M$-245M$-73M$125M$42M
Diluted EPS $-1.58$-2.93$-0.91$1.55$0.53
Balance Sheet
2025-12-312024-12-312023-12-312022-12-312021-12-31
Debt / Equity 0.30.20.20.20.6
Current Ratio 1.31.82.21.71.9
Quick Ratio 0.61.11.61.11.2
Cash Flow
2025-12-312024-12-312023-12-312022-12-312021-12-31
Free Cash Flow $7M$-63M$30M$347M$129M

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Institutional owners (13F) 464 filers · $6.0B total · As of June 30, 2026

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
245 (+213 vs prior Q) 29 (-2 vs prior Q) 80 (+3 vs prior Q) 101 (+21 vs prior Q) +15.0M

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
VANGUARD PORTFOLIO MANAGEMENT LLC $886,406,487 6,923,428 14.66% Shares
STATE STREET CORP $553,790,052 4,325,471 9.16% Shares
VANGUARD CAPITAL MANAGEMENT LLC $489,446,143 3,822,902 8.09% Shares
GEODE CAPITAL MANAGEMENT, LLC $244,721,383 1,911,047 4.05% Shares
D. E. Shaw & Co., Inc. $238,308,769 1,861,351 3.94% Shares
FMR LLC $207,292,861 1,619,096 3.43% Shares
MANUFACTURERS LIFE INSURANCE COMPANY, THE $165,221,353 1,290,485 2.73% Shares
FULLER & THALER ASSET MANAGEMENT, INC. $164,202,712 1,282,533 2.72% Shares
JANE STREET GROUP, LLC $139,219,182 1,087,395 2.30% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $136,761,262 1,068,197 2.26% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $130,193,707 1,016,900 2.15% Call option
Capital Research Global Investors $106,277,191 830,096 1.76% Shares
JANE STREET GROUP, LLC $82,694,577 645,900 1.37% Call option
VANGUARD FIDUCIARY TRUST CO $77,544,954 605,678 1.28% Shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP $77,202,090 603,000 1.28% Put option
HighTower Advisors, LLC $73,414,963 573,420 1.21% Shares
MILLENNIUM MANAGEMENT LLC $73,360,038 572,991 1.21% Shares
Connor, Clark & Lunn Investment Management Ltd. $72,009,833 562,445 1.19% Shares
Point72 Asset Management, L.P. $67,058,657 523,773 1.11% Shares
DIMENSIONAL FUND ADVISORS LP $66,718,738 521,118 1.10% Shares
PANAGORA ASSET MANAGEMENT INC $63,134,794 493,125 1.04% Shares
FIRST TRUST ADVISORS LP $60,706,064 474,155 1.00% Shares
TWO SIGMA INVESTMENTS, LP $60,235,298 470,478 1.00% Shares
JANE STREET GROUP, LLC $59,482,738 464,600 0.98% Put option
Defiance ETFs, LLC $57,434,774 511,031 0.95% Shares
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP $56,079,701 438,020 0.93% Shares
RENAISSANCE TECHNOLOGIES LLC $55,886,759 436,513 0.92% Shares
TUDOR INVESTMENT CORP ET AL $43,756,045 341,764 0.72% Shares
CITADEL ADVISORS LLC $42,403,536 331,200 0.70% Call option
Allianz Asset Management GmbH $41,958,248 327,722 0.69% Shares
OBERWEIS ASSET MANAGEMENT INC/ $40,905,585 319,500 0.68% Shares
SORA INVESTORS LLC $40,869,353 319,217 0.68% Shares
Public Sector Pension Investment Board $39,828,597 311,088 0.66% Shares
CITADEL ADVISORS LLC $39,458,846 308,200 0.65% Put option
GOLDMAN SACHS GROUP INC $38,442,416 300,261 0.64% Shares
EMERALD ADVISERS, LLC $35,893,211 280,350 0.59% Shares
Walleye Trading LLC $34,376,055 268,500 0.57% Call option
Bank of New York Mellon Corp $34,280,417 267,753 0.57% Shares
MORGAN STANLEY $29,416,904 229,765 0.49% Shares
RHUMBLINE ADVISERS $28,330,710 221,282 0.47% Shares
Assenagon Asset Management S.A. $28,328,686 221,266 0.47% Shares
AIGH Capital Management LLC $25,705,607 200,778 0.43% Shares
ALGERT GLOBAL LLC $25,564,262 199,674 0.42% Shares
Clearbridge Investments, LLC $25,359,133 198,072 0.42% Shares
Nuveen, LLC $25,330,992 197,852 0.42% Shares
PRUDENTIAL FINANCIAL INC $24,369,614 190,343 0.40% Shares
NEUBERGER BERMAN GROUP LLC $23,559,184 184,013 0.39% Shares
EMERALD MUTUAL FUND ADVISERS TRUST $23,390,441 182,695 0.39% Shares
Swiss National Bank $21,851,264 170,673 0.36% Shares
PRIMECAP MANAGEMENT CO/CA/ $21,045,571 164,380 0.35% Shares
BNP PARIBAS FINANCIAL MARKETS $20,766,978 162,204 0.34% Shares
AMERIPRISE FINANCIAL INC $20,229,124 158,003 0.33% Shares
PEAK6 LLC $19,050,864 148,800 0.32% Call option
Artisan Partners Limited Partnership $18,364,751 143,441 0.30% Shares
RAYMOND JAMES FINANCIAL INC $18,033,282 140,852 0.30% Shares
1492 Capital Management LLC $17,434,357 136,174 0.29% Shares
Hodges Capital Management Inc. $17,110,569 133,645 0.28% Shares
Walleye Trading LLC $16,976,778 132,600 0.28% Put option
Legal & General Group Plc $16,538,019 129,173 0.27% Shares
VICTORY CAPITAL MANAGEMENT INC $15,566,527 121,585 0.26% Shares
BlackRock, Inc. $15,534,776 121,337 0.26% Shares
UNICOM Systems, Inc. $14,710,647 114,900 0.24% Shares
SILVERCREST ASSET MANAGEMENT GROUP LLC $13,963,848 109,067 0.23% Shares
GROUP ONE TRADING LLC $13,362,363 104,369 0.22% Shares
Hillsdale Investment Management Inc. $12,504,691 97,670 0.21% Shares
NEW YORK STATE COMMON RETIREMENT FUND $12,093,586 94,459 0.20% Shares
NEXT CENTURY GROWTH INVESTORS LLC $11,983,351 93,598 0.20% Shares
BANK OF AMERICA CORP /DE/ $10,466,068 81,747 0.17% Shares
Life Cycle Investment Partners Ltd $10,446,096 81,591 0.17% Shares
Point72 Asset Management, L.P. $10,332,021 80,700 0.17% Call option
VANGUARD ASSET MANAGEMENT, Ltd $10,265,829 80,183 0.17% Shares
CASTLEARK MANAGEMENT LLC $10,214,233 79,780 0.17% Shares
O'Neil Global Advisors, Inc. $10,207,704 79,729 0.17% Shares
Cubist Systematic Strategies, LLC $9,499,614 590,772 0.16% Shares
BERKSHIRE CAPITAL HOLDINGS INC $9,406,364 73,470 0.16% Shares
SIH Partners, LLLP $9,357,969 73,092 0.15% Shares
VOYA INVESTMENT MANAGEMENT LLC $9,194,218 71,813 0.15% Shares
Steward Partners Investment Advisory, LLC $8,521,438 66,558 0.14% Shares
WCM INVESTMENT MANAGEMENT, LLC $8,464,023 78,031 0.14% Shares
Balyasny Asset Management L.P. $8,437,817 65,905 0.14% Shares
INTECH INVESTMENT MANAGEMENT LLC $8,200,706 64,053 0.14% Shares
Quadrature Capital Ltd $7,919,680 61,858 0.13% Shares
OSAIC HOLDINGS, INC. $7,232,497 56,492 0.12% Shares
Nicholas Investment Partners, LP $7,164,687 55,961 0.12% Shares
Illinois Municipal Retirement Fund $7,101,952 55,471 0.12% Shares
TWO SIGMA ADVISERS, LP $6,995,513 401,349 0.12% Shares
DEUTSCHE BANK AG\ $6,771,507 52,890 0.11% Shares
Robeco Institutional Asset Management B.V. $6,615,311 51,670 0.11% Shares
CITIGROUP INC $6,590,600 51,477 0.11% Shares
MetLife Investment Management, LLC $6,452,072 50,395 0.11% Shares
LPL Financial LLC $6,157,731 48,096 0.10% Shares
ZACKS INVESTMENT MANAGEMENT $5,852,843 45,714 0.10% Shares
Moody Aldrich Partners LLC $5,845,978 45,661 0.10% Shares
FIFTH THIRD BANCORP $5,586,244 43,633 0.09% Shares
Russell Investments Group, Ltd. $5,410,931 42,263 0.09% Shares
SYSTEMATIC FINANCIAL MANAGEMENT LP $5,353,062 41,811 0.09% Shares
Quantinno Capital Management LP $5,303,899 41,427 0.09% Shares
IMC-Chicago, LLC $5,146,294 40,196 0.09% Shares
Emerald Investment Advisers, LLC $5,126,321 40,040 0.08% Shares
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. $5,108,781 39,903 0.08% Shares

Company insiders 35 insiders · 10 officers · 7 directors

Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Kishore Seendripu Chairman, President and CEO Aug. 17, 2026 S 0 0 16 $-50,436,839
Adam C. Spice VP, Chief Financial Officer May 21, 2018 M 354,638 0 0 $0
Dana Mccarty Vice President, Global Sales May 22, 2017 M 17,882 0 0 $0
Justin Scarpulla VP, Corporate Controller Nov. 20, 2014 M 19,725 0 0 $0
Brian Sprague VP & GM, Broadband & Consumer Nov. 20, 2014 M 109,588 0 0 $0
Michael Kastner Vice President, Sales May 21, 2012 M 2,547 0 0 $0
Kimihiko Imura VP, Semiconductor Tech & Ops May 6, 2011 A 0 0 0 $0
Patrick E Mccready CAO and Controller May 6, 2011 A 0 0 $0
John Malcolm Graham Vice President, Marketing Jan. 10, 2011 C 0 0 0 $0
Joe D. Campa VP, Finance and Treasurer March 29, 2010 J 0 0 0 $0
Daniel A Artusi Director May 20, 2026 A 17,382 0 3 $-1,288,719
MOYER ALBERT J Director May 20, 2026 M 113,129 0 1 $-1,227,798
Steven Craddock Director May 25, 2018 A 53,752 0 0 $0
Hk Desai Director May 20, 2014 A 49,122 0 0 $0
Kenneth P Lawler Director March 3, 2011 G 2,496 0 0 $0
Edward E Alexander Director March 24, 2010 P 10,538 0 0 $0
Robert F Kibble 10% owner March 24, 2010 P 53,570 0 0 $0
Thomas E Pardun May 26, 2026 S 55,252 0 1 $-1,155,000
Ted L Tewksbury III May 20, 2026 A 80,076 0 3 $-838,701
Carolyn Beaver May 20, 2026 A 33,316 0 1 $-461,760
Greg Dougherty May 20, 2026 A 33,358 0 0 $0
Steven G Litchfield March 6, 2026 S 343,435 0 5 $-2,511,780
Connie H. Kwong Sept. 1, 2025 M 58,152 0 0 $0
Tsu-Jae King Liu May 1, 2025 M 30,044 0 0 $0
William Torgerson Nov. 8, 2024 S 179,262 0 0 $0
Michelle Marie Sayer May 27, 2024 M 16,443 0 0 $0
William Kelly Jones Feb. 20, 2023 M 26,941 0 0 $0
Michael Bollesen Feb. 20, 2023 M 114,299 0 0 $0
James Lougheed Feb. 20, 2023 M 61,086 0 0 $0
Madhukar Reddy Feb. 20, 2023 M 485,352 0 0 $0
Brendan Walsh Feb. 20, 2023 M 189,011 0 0 $0
Curtis Ling Feb. 20, 2023 M 992,796 0 0 $0
Donald E Schrock Aug. 5, 2021 S 10,982 0 0 $0
Michael J. Lachance Aug. 20, 2020 M 46,500 0 0 $0
David E Liddle May 6, 2011 A 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

Activists & 5%+ owners 2 positions

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
MaxLinear, Inc., Eagle Acquisition Corporation April 4, 2017 Initial filing SEC
Entropic Communications, Inc. Feb. 12, 2015 Initial filing M&A / sale SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

ETF ownership Held by 71 ETFs

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
PSCT · Invesco Exchange-Traded Fund Trust … 2.67% 184,062 SH Aug. 8, 2026 Daily
PSI · Invesco Exchange-Traded Fund Trust 2.33% 785,342 SH Aug. 8, 2026 Daily
FYC · First Trust Exchange-Traded AlphaDE… 1.81% 268,176 NS April 30, 2026 N-PORT
FYX · First Trust Exchange-Traded AlphaDE… 0.70% 119,765 NS April 30, 2026 N-PORT
VIOV · VANGUARD ADMIRAL FUNDS 0.66% 101,808 SH Aug. 8, 2026 Daily
VTWG · VANGUARD SCOTTSDALE FUNDS 0.65% 92,770 SH Aug. 8, 2026 Daily
SMIZ · Zacks Trust 0.59% 16,329 NS May 31, 2026 N-PORT
VIOO · VANGUARD ADMIRAL FUNDS 0.58% 294,266 SH Aug. 8, 2026 Daily
FSCC · Federated Hermes ETF Trust 0.55% 16,481 NS May 31, 2026 N-PORT
VIOG · VANGUARD ADMIRAL FUNDS 0.51% 43,083 SH Aug. 8, 2026 Daily
QVMS · Invesco Exchange-Traded Fund Trust … 0.49% 16,785 SH Aug. 8, 2026 Daily
QQQS · Invesco Exchange-Traded Fund Trust … 0.40% 1,205 SH Aug. 8, 2026 Daily
IWO · iShares Trust 0.38% 785,637 SH Aug. 8, 2026 Daily
PRFZ · Invesco Exchange-Traded Fund Trust 0.37% 143,481 SH Aug. 8, 2026 Daily
XJR · iShares Trust 0.37% 9,947 SH Aug. 8, 2026 Daily
FAD · First Trust Exchange-Traded AlphaDE… 0.37% 25,022 NS April 30, 2026 N-PORT
IJS · iShares Trust 0.36% 427,465 SH Aug. 8, 2026 Daily
VTWO · VANGUARD SCOTTSDALE FUNDS 0.34% 498,636 SH Aug. 8, 2026 Daily
SAA · ProShares Trust 0.33% 972 NS May 31, 2026 N-PORT
IJR · iShares Trust 0.32% 5,132,639 SH Aug. 8, 2026 Daily
BBSC · J.P. Morgan Exchange-Traded Fund Tr… 0.30% 31,209 NS April 30, 2026 N-PORT
VBK · VANGUARD INDEX FUNDS 0.30% 1,126,815 SH Aug. 8, 2026 Daily
IJT · iShares Trust 0.28% 335,703 SH Aug. 8, 2026 Daily
FNDA · SCHWAB STRATEGIC TRUST 0.28% 270,860 NS May 31, 2026 N-PORT
VFMO · VANGUARD WELLINGTON FUND 0.21% 32,584 SH Aug. 8, 2026 Daily
AFSM · First Trust Exchange-Traded Fund VI… 0.21% 2,202 NS May 31, 2026 N-PORT
IWM · iShares Trust 0.19% 2,201,558 SH Aug. 8, 2026 Daily
ITWO · ProShares Trust 0.19% 3,845 NS May 31, 2026 N-PORT
ISCG · iShares Trust 0.18% 25,402 SH Aug. 8, 2026 Daily
RSSL · Global X Funds 0.18% 35,405 NS April 30, 2026 N-PORT
SCHA · SCHWAB STRATEGIC TRUST 0.16% 391,021 NS May 31, 2026 N-PORT
DFAS · Dimensional ETF Trust 0.14% 274,107 NS April 30, 2026 N-PORT
JSTC · Tidal Trust I 0.13% 4,738 NS May 31, 2026 N-PORT
VB · VANGUARD INDEX FUNDS 0.13% 1,951,082 SH Aug. 8, 2026 Daily
VXF · VANGUARD INDEX FUNDS 0.12% 965,870 SH Aug. 8, 2026 Daily
GSSC · Goldman Sachs ETF Trust 0.11% 12,085 NS May 31, 2026 N-PORT
AFMC · First Trust Exchange-Traded Fund VI… 0.11% 1,966 NS May 31, 2026 N-PORT
UWM · ProShares Trust 0.11% 3,007 NS May 31, 2026 N-PORT
GINN · Goldman Sachs ETF Trust 0.10% 2,381 NS May 31, 2026 N-PORT
FTEC · FIDELITY COVINGTON TRUST 0.10% 253,966 NS April 30, 2026 N-PORT
VGT · VANGUARD WORLD FUND 0.10% 1,372,755 SH Aug. 8, 2026 Daily
OMFS · Invesco Exchange-Traded Self-Indexe… 0.10% 3,709 SH Aug. 8, 2026 Daily
ISCB · iShares Trust 0.09% 3,624 SH Aug. 8, 2026 Daily
ESML · iShares Trust 0.08% 34,241 SH Aug. 8, 2026 Daily
URTY · ProShares Trust 0.08% 3,043 NS May 31, 2026 N-PORT
IGPT · Invesco Exchange-Traded Fund Trust 0.08% 12,143 SH Aug. 8, 2026 Daily
SMLF · iShares Trust 0.06% 35,525 SH Aug. 8, 2026 Daily
WSML · iShares Trust 0.06% 5,426 SH Aug. 8, 2026 Daily
MSSM · MORGAN STANLEY PATHWAY FUNDS 0.04% 3,486 NS May 31, 2026 N-PORT
IETC · iShares U.S. ETF Trust 0.04% 3,910 SH Aug. 8, 2026 Daily