Live: Will FedEx Crush Q4 Earnings Tonight After the Market Closes?
MXL Q4 2025 Earnings
Reported Jan 29, 2026 at 4:05 PM ET · SEC Source
Q4 25 EPS
$0.19
BEAT +6.26%
Est. $0.18
Q4 25 Revenue
$136.4M
BEAT +1.21%
Est. $134.8M
vs S&P Since Q4 25
+387.5%
BEATING MARKET
MXL +393.5% vs S&P +6.0%
Full Year 2025 Results
FY 25 EPS
$0.31
BEAT +7.49%
Est. $0.29
FY 25 Revenue
$467.6M
BEAT +0.36%
Est. $465.9M
Market Reaction
Did MXL Beat Earnings? Q4 2025 Results
MaxLinear closed out fiscal 2025 with a fourth quarter that beat expectations on both top and bottom lines, as surging demand from infrastructure and data center customers powered a 48% year-over-year revenue jump to $136.44 million, edging past the … Read more MaxLinear closed out fiscal 2025 with a fourth quarter that beat expectations on both top and bottom lines, as surging demand from infrastructure and data center customers powered a 48% year-over-year revenue jump to $136.44 million, edging past the $134.74 million consensus estimate. Non-GAAP diluted EPS of $0.19 topped the $0.18 analyst forecast by 5.56%, and marked a sharp reversal from the $0.09 non-GAAP loss posted in Q4 2024, reflecting meaningful operating leverage as the company drove non-GAAP operating expenses down to 43% of revenue from 67% a year earlier. Full-year revenue reached $467.64 million, up 30% from fiscal 2024, with the company swinging to non-GAAP profitability ahead of its own internal targets. Management's confidence in the trajectory was underscored by a $20 million stock repurchase in Q4 alongside a newly announced $75 million buyback program. Looking ahead, MaxLinear guided Q1 2026 revenue of $130 million to $140 million, suggesting the current momentum is expected to hold near Q4 levels as infrastructure and data center demand continues to anchor its growth strategy.
Key Takeaways
- • New product traction driving sequential and year-over-year revenue growth
- • Non-GAAP gross margin expansion to 59.6% in Q4
- • Operating expense discipline with non-GAAP opex declining to 43% of revenue from 67% year over year
- • Positive free cash flow achieved ahead of plan
MXL YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“Our fourth quarter and fiscal year results reflect strong sequential and year-over-year growth in our business. Our new products gained solid traction in the market, and we are on a strong path for sustained revenue growth and market share expansion in 2026 and 2027. We are executing against a focused strategy that is working and will drive sustained strong growth even as we continue to invest in high-value, multi-year growth markets where performance, power efficiency, and integration matter most. These include data center connectivity, wireless infrastructure, PON broadband access, Wi-Fi 7, Ethernet, and storage accelerator end markets. With solid execution, we also delivered profitability and positive free cash flow ahead of our plan. During the fourth quarter, we repurchased $20 million of our common stock, reflecting our confidence in our sustained growth expectations and market momentum.”
— Kishore Seendripu, Q4 2025 Earnings Press Release
MXL Earnings Trends
MXL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MXL EPS Trend
Earnings per share: estimate vs actual
MXL Revenue Trend
Quarterly revenue: estimate vs actual
MXL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.18 | $0.22 | +25.57% | $137.2M | +1.94% |
| Q4 25 BEAT FY | $0.18 | $0.19 | +6.26% | $136.4M | +1.21% |
| FY Full Year | $0.29 | $0.31 | +7.49% | $467.6M | +0.36% |
| Q3 25 BEAT | $0.12 | $0.14 | +17.55% | $126.5M | +1.44% |
| Q2 25 BEAT | $0.02 | $0.02 | +8.70% | $108.8M | +3.70% |