MaxLinear (MXL) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and MaxLinear published the results on October 22, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. MaxLinear reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

Source: MaxLinear Q3 2026 results, October 22, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How MaxLinear splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• MaxLinear's Infrastructure revenue was $125 million in Q3 2026, up 210% from $40.3 million in Q3 2025, 57% of total revenue.
• MaxLinear's Broadband revenue was $53.3 million in Q3 2026, down 8% from $58.2 million in Q3 2025, 24% of total revenue.
• MaxLinear's Connectivity revenue was $24.7 million in Q3 2026, up 30% from $19.0 million in Q3 2025, 11% of total revenue.
• MaxLinear's Industrial and multi-market revenue was $15.1 million in Q3 2026, up 70% from $8.9 million in Q3 2025, 7% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

MaxLinear gives its outlook as a table in millions, with the GAAP figure first and the non-GAAP figure second.

In its Q3 2026 release, MaxLinear said:

“Revenue $240-$260 $240-$260”

“Gross Margin 58.0%-61.0% 59.0%-62.0%”

“Operating Expenses $96-$101 $65-$70”

“Fully Diluted Share Count 99.7 99.7”

Source: MaxLinear Q3 2026 release, Oct 22, 2026.

This is the company's own guidance as of Oct 22, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the MXL forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net revenue and diluted EPS, each as first reported in that quarter's release.

MaxLinear's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Oct 22, 2026

MaxLinear sells chips into four markets, and infrastructure is now the largest. In Q3 2026 infrastructure revenue was $124.9 million, 57% of the $218.1 million total, against 32% a year earlier. Broadband brought in $53.3 million (24%), connectivity $24.7 million (11%) and industrial and multi-market $15.1 million (7%). (MaxLinear Form 10-Q, Q3 2026, Oct 22, 2026)

Infrastructure grew 210%, or $84.6 million, which MaxLinear attributes to higher shipments of optical products for data center applications, high-performance analog and wireless backhaul products. The release ties the optical data center growth to the volume ramp of its Keystone PAM4 DSP platform. (MaxLinear Form 10-Q, Q3 2026, Oct 22, 2026; MaxLinear Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Broadband fell $4.9 million, or 8%, on lower shipments of cable data and broadband SoCs as customers move to new standards. Connectivity rose $5.7 million on Wi-Fi and ethernet shipments. The 10-Q says price changes did not have a material impact on revenue. (MaxLinear Form 10-Q, Q3 2026, Oct 22, 2026)

MaxLinear's sales are concentrated in Asia and in a few customers. Products shipped to Asia were $194.5 million, or 89% of revenue, in the quarter. Distributors accounted for 48% of net revenue, against 36% a year earlier, and over the first nine months of 2026 one customer was 10% of net revenue and the ten largest customers 56%. (MaxLinear Form 10-Q, Q3 2026, Oct 22, 2026)

MaxLinear earned $28.9 million on a GAAP basis in Q3 2026, or $0.30 per diluted share, after a $45.5 million loss a year earlier. Non-GAAP net income was $60.8 million, or $0.62 per share. The gap is mostly stock-based compensation ($19.7 million in operating expenses), performance-based equity bonus accruals ($9.1 million), acquisition and integration and other costs ($2.1 million) and amortization of purchased intangible assets. (MaxLinear Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

The year-ago GAAP loss included $11.3 million of restructuring charges, against $254 thousand this quarter. MaxLinear recorded a small GAAP tax benefit, while its non-GAAP tax provision was $1.5 million. (MaxLinear Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Diluted shares were 97.7 million, against 87.2 million a year earlier, when the loss left basic and diluted counts equal. MaxLinear says it expects to settle a substantial portion of its fiscal 2026 bonus awards in common stock in the first quarter of fiscal 2027, and it guides a fully diluted share count of 99.7 million for Q4 2026. (MaxLinear Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

MaxLinear gives a next-quarter outlook table in its release. For Q4 2026 it expects revenue of $240 million to $260 million, GAAP gross margin of 58.0% to 61.0% (59.0% to 62.0% non-GAAP), and GAAP operating expenses of $96 million to $101 million ($65 million to $70 million non-GAAP). It does not give an EPS figure. (MaxLinear Q3 2026 release (Form 8-K, Exhibit 99.1), Oct 22, 2026)

One open item outside the outlook is the arbitration Silicon Motion filed in October 2023 with the Singapore International Arbitration Centre, seeking damages over MaxLinear's terminated merger agreement. (MaxLinear Form 10-Q, Q3 2026, Oct 22, 2026)

A consensus figure is the average of the models published by the analysts who cover MaxLinear, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones MaxLinear's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning MXL is on is MXL a buy or a sell?, what analysts expect next is on the MXL forecast, and what the company does is on the MaxLinear (MXL) stock page.

Every number on this page can be traced to a document MaxLinear published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.