Filing Flows › Maxlinear (MXL) › Q2 2026 › vs Q1 2026
Maxlinear (MXL) Q2 2026 vs Q1 2026 (quarter over quarter)
Maxlinear's revenue rose $31.7M (+23%) from $137M in Q1 2026 to $169M in Q2 2026. The biggest changes: Infrastructure +$22.2M (+35%); Connectivity +$5.4M (+29%); Industrial and multi-market +$2.8M (+23%).
Maxlinear, Q2 2026: revenue $169M (+55% year over year), operating margin -2.5%, net earnings $1.8M, operating cash flow $4.8M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.5% | -7.5% | +8.9 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Infrastructure | $85.0M | $62.8M | $22.2M | +35% |
| Broadband | $44.9M | $43.6M | $1.3M | +3% |
| Connectivity | $24.0M | $18.6M | $5.4M | +29% |
| Industrial and multi-market | $15.0M | $12.2M | $2.8M | +23% |
| Revenue | $169M | $137M | $31.7M | +23% |
| Income tax benefit | $8.3M | −$26.5M | $34.8M | — |
| Costs & expenses | $177M | $182M | −$5.2M | -3% |
| Operating costs | $173M | $154M | $18.6M | +12% |
| Interest & other, net | $2.4M | $1.4M | $922K | +64% |
| Net earnings | $1.8M | −$45.1M | $46.9M | — |
| Cost of revenue | $71.2M | $58.3M | $12.9M | +22% |
| Research & development | $56.0M | $53.2M | $2.9M | +5% |
| SG&A | $45.8M | $42.5M | $3.3M | +8% |
| Operating cash sources | $36.4M | −$14.2M | $50.6M | — |
| Depreciation & amortization | $7.2M | $10.9M | −$3.7M | -34% |
| Share-based compensation | $27.5M | $20.0M | $7.5M | +37% |
| Working capital & other | $31.6M | −$5.3M | $36.9M | — |
| Operating cash flow | $4.8M | −$8.9M | $13.7M | — |
| Free cash flow (OCF − capex) | $2.5M | −$10.3M | $12.7M | — |
| Capital expenditures | $2.3M | $1.4M | $954K | +69% |
Questions
How much did Maxlinear's revenue grow quarter over quarter in Q2 2026?
Maxlinear's revenue rose $31.7M (+23%) from $137M in Q1 2026 to $169M in Q2 2026.
What drove Maxlinear's revenue change in Q2 2026?
Infrastructure +$22.2M (+35%); Connectivity +$5.4M (+29%); Industrial and multi-market +$2.8M (+23%).