Filing Flows › Maxlinear (MXL) › Q2 2026
Maxlinear (MXL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 23, 2026
Maxlinear (MXL) reported revenue of $169M for the second quarter 2026 (Q2 2026), +55% from a year earlier and +23% from the quarter before. Operating margin was -2.5%, net earnings $1.8M (1.0% of revenue).
Maxlinear, Q2 2026: revenue $169M (+55% year over year), operating margin -2.5%, net earnings $1.8M, operating cash flow $4.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $169M | +23% | +55% |
| Operating profit | −$4.2M | — | — |
| Net earnings | $1.8M | — | — |
| Operating cash flow | $4.8M | — | -54% |
| Free cash flow | $2.5M | — | -73% |
What changed
Revenue was $168.8M in Q2 2026, up 55% year over year and up 23% from the previous quarter. Infrastructure was the largest line at 50% of revenue. Infrastructure added $50.3M year over year (up 145%), 84% of the total change. Broadband declined 6%.
Gross margin was 57.8%, up 1.3 points from Q2 2025. Operating costs exceeded revenue by $4.2M, an operating margin of -2.5%. Operating expenses grew 18% against revenue growth of 55%. The fastest-growing cost line was SG&A (+37%). Net earnings were $1.8M.
Operating cash flow was $4.8M (down 54% year over year), 273% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $27.5M of share-based compensation. Working capital and other items used $31.6M. Capital expenditures of $2.3M left free cash flow of $2.5M.
Questions
What was Maxlinear's revenue in the second quarter 2026?
Maxlinear (MXL) reported revenue of $169M for the second quarter 2026 (Q2 2026), +55% from a year earlier and +23% from the quarter before.
Was Maxlinear profitable in the second quarter 2026?
Operating loss was $4.2M (-2.5% of revenue) and net earnings $1.8M.
Source: Maxlinear 10-Q on SEC EDGAR.