Filing Flows › Maxlinear (MXL) › Q1 2026
Maxlinear (MXL) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 23, 2026
Maxlinear (MXL) reported revenue of $137M for the first quarter 2026 (Q1 2026), +43% from a year earlier and +0.6% from the quarter before. Operating margin was -12.5%, net loss $45.1M (32.9% of revenue).
Maxlinear, Q1 2026: revenue $137M (+43% year over year), operating margin -12.5%, net loss $45.1M, operating cash flow −$8.9M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $137M | +0.6% | +43% |
| Operating profit | −$17.2M | — | — |
| Net earnings | −$45.1M | — | — |
| Operating cash flow | −$8.9M | -185% | — |
What changed
Revenue was $137.2M in Q1 2026, up 43% year over year and up 1% from the previous quarter. Infrastructure was the largest line at 46% of revenue. Infrastructure added $36.3M year over year (up 136%), 88% of the total change. Connectivity declined 8%.
Gross margin was 57.5%, up 1.4 points from Q1 2025. Operating costs exceeded revenue by $17.2M, an operating margin of -12.5%. Operating expenses fell 4% while revenue rose 43%. The fastest-growing cost line was SG&A (+16%). The quarter ended with a net loss of $45.1M, wider than the previous quarter's $14.9M loss.
Operating cash flow was −$8.9M. Non-cash charges added back $10.9M of depreciation and amortization and $20.0M of share-based compensation. Working capital and other items added $5.3M. Capital expenditures of $1.4M exceeded it, leaving free cash flow of −$10.3M.
Questions
What was Maxlinear's revenue in the first quarter 2026?
Maxlinear (MXL) reported revenue of $137M for the first quarter 2026 (Q1 2026), +43% from a year earlier and +0.6% from the quarter before.
Was Maxlinear profitable in the first quarter 2026?
Operating loss was $17.2M (-12.5% of revenue) and net loss $45.1M.
Source: Maxlinear 10-Q on SEC EDGAR.