Filing Flows › Maxlinear (MXL) › Q2 2025
Maxlinear (MXL) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 23, 2025
Maxlinear (MXL) reported revenue of $109M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +13% from the quarter before. Operating margin was -22.6%, net loss $26.6M (24.4% of revenue).
Maxlinear, Q2 2025: revenue $109M (+18% year over year), operating margin -22.6%, net loss $26.6M, operating cash flow $10.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $109M | +13% | +18% |
| Operating profit | −$24.6M | — | — |
| Net earnings | −$26.6M | — | — |
| Operating cash flow | $10.5M | — | — |
| Free cash flow | $9.3M | — | — |
What changed
Revenue was $108.8M in Q2 2025, up 18% year over year and up 13% from the previous quarter. Broadband was the largest line at 44% of revenue. Broadband added $25.7M year over year (up 118%), 153% of the total change. Industrial and multi-market declined 77%.
Gross margin was 56.5%, up 2.0 points from a year earlier. Operating costs exceeded revenue by $24.6M, an operating margin of -22.6%. Operating expenses fell 5% while revenue rose 18%. The fastest-growing cost line was Other operating costs (+545%). The quarter ended with a net loss of $26.6M, narrower than the previous quarter's $49.7M loss.
Operating cash flow was $10.5M. Non-cash charges added back $11.2M of depreciation and amortization and $13.1M of share-based compensation. Working capital and other items added $12.7M. Capital expenditures of $1.2M left free cash flow of $9.3M.
Questions
What was Maxlinear's revenue in the second quarter 2025?
Maxlinear (MXL) reported revenue of $109M for the second quarter 2025 (Q2 2025), +18% from a year earlier and +13% from the quarter before.
Was Maxlinear profitable in the second quarter 2025?
Operating loss was $24.6M (-22.6% of revenue) and net loss $26.6M.
Source: Maxlinear 10-Q on SEC EDGAR.