Filing Flows › Maxlinear (MXL) › Q3 2026 › vs Q3 2025
Maxlinear (MXL) Q3 2026 vs Q3 2025 (year over year)
Maxlinear's revenue rose $91.6M (+72%) from $126M in Q3 2025 to $218M in Q3 2026. The biggest changes: Infrastructure +$84.6M (+210%); Industrial and multi-market +$6.2M (+69%); Connectivity +$5.7M (+30%). Gross margin 58.7% against 56.9% (+1.9 pts).
Maxlinear, Q3 2026: revenue $218M (+72% year over year), operating margin 13.9%, net earnings $28.9M, operating cash flow −$13.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 58.7% | 56.9% | +1.9 pts |
| Operating margin | 13.9% | -32.7% | +46.5 pts |
| Net margin | 13.3% | -36.0% | +49.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Infrastructure | $125M | $40.3M | $84.6M | +210% |
| Broadband | $53.3M | $58.2M | −$4.9M | -8% |
| Connectivity | $24.7M | $19.0M | $5.7M | +30% |
| Industrial and multi-market | $15.1M | $8.9M | $6.2M | +69% |
| Revenue | $218M | $126M | $91.6M | +72% |
| Gross profit | $128M | $71.9M | $56.2M | +78% |
| Cost of revenue | $90.0M | $54.6M | $35.4M | +65% |
| Operating profit | $30.2M | −$41.3M | $71.5M | — |
| Operating expenses | $97.8M | $113M | −$15.3M | -14% |
| Pre-tax earnings | $28.2M | −$43.4M | $71.6M | — |
| Other expense, net | $2.1M | $2.1M | −$42K | -2% |
| Research & development | $60.6M | $54.3M | $6.4M | +12% |
| SG&A | $36.9M | $47.7M | −$10.7M | -23% |
| Income tax benefit | $732K | −$2.1M | $2.8M | — |
| Net earnings | $28.9M | −$45.5M | $74.4M | — |
| Operating cash sources | $71.2M | −$25.1M | $96.3M | — |
| Depreciation & amortization | $8.9M | $9.0M | −$137K | -2% |
| Share-based compensation | $19.8M | $21.5M | −$1.7M | -8% |
| Cash used in operations | $13.6M | −$10.1M | $23.7M | — |
| Working capital & other | $71.2M | −$25.1M | $96.3M | — |
Questions
How much did Maxlinear's revenue grow year over year in Q3 2026?
Maxlinear's revenue rose $91.6M (+72%) from $126M in Q3 2025 to $218M in Q3 2026.
What drove Maxlinear's revenue change in Q3 2026?
Infrastructure +$84.6M (+210%); Industrial and multi-market +$6.2M (+69%); Connectivity +$5.7M (+30%).