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Live: Will FedEx Crush Q4 Earnings Tonight After the Market Closes?
MaxLinear

MXL Q1 2026 Earnings

Reported Apr 23, 2026 at 4:07 PM ET · SEC Source

Q1 26 EPS

$0.22

BEAT +25.57%

Est. $0.18

Q1 26 Revenue

$137.2M

BEAT +1.94%

Est. $134.6M

vs S&P Since Q1 26

+93.7%

BEATING MARKET

MXL +96.4% vs S&P +2.8%

Market Reaction

Did MXL Beat Earnings? Q1 2026 Results

MaxLinear delivered a strong first quarter for fiscal 2026, posting non-GAAP EPS of $0.22 against a consensus estimate of $0.18, a beat of 25.57%, while revenue of $137.19 million edged ahead of the $134.58 million estimate and surged 43% year over y… Read more MaxLinear delivered a strong first quarter for fiscal 2026, posting non-GAAP EPS of $0.22 against a consensus estimate of $0.18, a beat of 25.57%, while revenue of $137.19 million edged ahead of the $134.58 million estimate and surged 43% year over year. The standout driver was a 136% year-over-year explosion in the infrastructure segment, which climbed to become the company's largest end market on the back of production ramps in optical data center products shipping to multiple hyperscale customers across both scale-up and scale-out AI platforms. Non-GAAP gross margin held at 59.5% and non-GAAP operating income reached 16% of revenue, a sharp reversal from a 2% operating loss in the year-ago period. Analysts raised price targets ahead of the print, and the stock jumped roughly 27% in extended trading after results crossed. Looking ahead, MaxLinear guided Q2 revenue to $160 million to $170 million, well above prior Street expectations, as management projected a step-function increase in optical data center revenues and raised its full-year optical revenue outlook to $150 million to $170 million.

Key Takeaways

  • • Infrastructure business grew 136% year over year, becoming the largest end market
  • • Strong execution and production ramps of optical data center products at multiple hyperscale customers
  • • Non-GAAP operating income improved to 16% of revenue from a 2% loss a year ago
  • • 43% year-over-year revenue growth

MXL Forward Guidance & Outlook

MaxLinear guided Q2 2026 revenue to approximately $160 million to $170 million, representing significant sequential growth. The company expects GAAP gross margin of 56.0%-59.0% and non-GAAP gross margin of 58.0%-61.0%. GAAP operating expenses are estimated at $91-$97 million, non-GAAP operating expenses at $61-$66 million. Management expects a step function increase in optical data center revenues in Q2 and positions the company for sustained growth and increasing profitability in 2026 and beyond.

24/7 Wall St

MXL YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

“Q1 marks the start of a multi‑year growth phase for MaxLinear, led by accelerating momentum in optical data center connectivity. Revenue grew 43% year over year, with infrastructure growing more than 130% to become our largest end market. This was driven primarily by strong execution and production ramps of our optical data center products at multiple hyperscale customers across scale-up and scale-out AI platforms.”

— Kishore Seendripu, Q1 2026 Earnings Press Release

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