Filing Flows › Maxlinear (MXL) › Q3 2026
Maxlinear (MXL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 22, 2026
Maxlinear (MXL) reported revenue of $218M for the third quarter 2026 (Q3 2026), +72% from a year earlier and +29% from the quarter before. Operating margin was 13.9%, net earnings $28.9M (13.3% of revenue).
Maxlinear, Q3 2026: revenue $218M (+72% year over year), operating margin 13.9%, net earnings $28.9M, operating cash flow −$13.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +29% | +72% |
| Gross profit | $128M | +31% | +78% |
| Operating profit | $30.2M | — | — |
| Net earnings | $28.9M | 16× | — |
| Operating cash flow | −$13.6M | -383% | -234% |
What changed
Revenue was $218.1M in Q3 2026, up 72% year over year and up 29% from the previous quarter. Infrastructure was the largest line at 57% of revenue. Infrastructure added $84.6M year over year (up 210%), 92% of the total change. Broadband declined 8%.
Gross margin was 58.7%, up 1.9 points from Q3 2025. Operating profit was $30.2M, a 13.9% margin (up 46.5 points year over year). Operating expenses fell 14% while revenue rose 72%. The fastest-growing cost line was Research & development (+12%). Net earnings were $28.9M. The effective tax rate was -2.6%.
Operating cash flow was −$13.6M. Non-cash charges added back $8.9M of depreciation and amortization and $19.8M of share-based compensation. Working capital and other items used $71.2M. Capital expenditures of $5.9M exceeded it, leaving free cash flow of −$19.5M.
Questions
What was Maxlinear's revenue in the third quarter 2026?
Maxlinear (MXL) reported revenue of $218M for the third quarter 2026 (Q3 2026), +72% from a year earlier and +29% from the quarter before.
Was Maxlinear profitable in the third quarter 2026?
Operating profit was $30.2M (13.9% of revenue) and net earnings $28.9M.
Source: Maxlinear 10-Q on SEC EDGAR.