Filing Flows › Maxlinear (MXL) › Q2 2026 › vs Q2 2025
Maxlinear (MXL) Q2 2026 vs Q2 2025 (year over year)
Maxlinear's revenue rose $60.0M (+55%) from $109M in Q2 2025 to $169M in Q2 2026. The biggest changes: Infrastructure +$50.3M (+145%); Industrial and multi-market +$9.2M (+158%); Connectivity +$3.2M (+16%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 1.5% | 8.6% | -7.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Infrastructure | $85.0M | $34.7M | $50.3M | +145% |
| Broadband | $44.9M | $47.6M | −$2.7M | -6% |
| Connectivity | $24.0M | $20.7M | $3.2M | +16% |
| Industrial and multi-market | $15.0M | $5.8M | $9.2M | +158% |
| Revenue | $169M | $109M | $60.0M | +55% |
| Income tax benefit | $8.3M | $4.1M | $4.2M | +102% |
| Costs & expenses | $177M | $140M | $37.6M | +27% |
| Operating costs | $173M | $133M | $39.6M | +30% |
| Interest & other, net | $2.4M | $6.1M | −$3.7M | -61% |
| Net earnings | $1.8M | −$26.6M | $28.3M | — |
| Cost of revenue | $71.2M | $47.3M | $23.9M | +51% |
| Research & development | $56.0M | $47.2M | $8.8M | +19% |
| SG&A | $45.8M | $33.4M | $12.4M | +37% |
| Operating cash sources | $36.4M | −$6.0M | $42.5M | — |
| Depreciation & amortization | $7.2M | $7.4M | −$242K | -3% |
| Share-based compensation | $27.5M | $13.1M | $14.4M | +110% |
| Working capital & other | $31.6M | −$16.5M | $48.1M | — |
| Operating cash flow | $4.8M | $10.5M | −$5.7M | -54% |
| Free cash flow (OCF − capex) | $2.5M | $9.3M | −$6.8M | -73% |
| Capital expenditures | $2.3M | $1.2M | $1.2M | +99% |
Questions
How much did Maxlinear's revenue grow year over year in Q2 2026?
Maxlinear's revenue rose $60.0M (+55%) from $109M in Q2 2025 to $169M in Q2 2026.
What drove Maxlinear's revenue change in Q2 2026?
Infrastructure +$50.3M (+145%); Industrial and multi-market +$9.2M (+158%); Connectivity +$3.2M (+16%).