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How Maxlinear (MXL) makes money

Maxlinear (MXL) made $218M of revenue in the third quarter 2026 (Q3 2026), +72% from a year earlier. Infrastructure brought in $125M (57%); Broadband brought in $53.3M (24%); Connectivity brought in $24.7M (11%). Of every dollar of revenue, 59¢ was left as gross profit, 14¢ was left as operating profit, 13¢ was left as net earnings.

Drawing the Sankey…

Maxlinear revenue by segment, Q3 2026Maxlinear revenue by segment, Q3 2026Infrastructure$125MBroadband$53.3MConnectivity$24.7MIndustrial and multi-market$15.1M
Maxlinear: revenue by line, Q1 2025 to Q3 2026Maxlinear: revenue by line, Q1 2025 to Q3 2026InfrastructureBroadbandConnectivityIndustrial and multi-…Infrastructure: $125M latest$125MBroadband: $53.3M latest$53.3MConnectivity: $24.7M latest$24.7MIndustrial and multi-market: $15.1M latestQ1 2025Q2 2025Q3 2025Q1 2026Q2 2026Q3 2026
Infrastructure went from 28% of revenue in Q1 2025 to 57% in Q3 2026, the largest shift in the mix.
Maxlinear revenue by quarterMaxlinear revenue by quarter$95.9MQ1 2025$109MQ2 2025$126MQ3 2025$136MQ4 2025$137MQ1 2026$169MQ2 2026$218MQ3 2026
Maxlinear: where each dollar of revenue goesMaxlinear: where each dollar of revenue goesCost of revenue41¢Gross profit59¢Operating expenses45¢Operating profit14¢Net earnings13¢

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
Infrastructure$125M57.3%+47%+210%
Broadband$53.3M24.5%+19%-8%
Connectivity$24.7M11.3%+3%+30%
Industrial and multi-market$15.1M6.9%+0.7%+69%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$218M100.0%
Cost of revenue$90.0M41.3%
Gross profit$128M58.7%
Operating expenses$97.8M44.9%
Operating profit$30.2M13.9%
Net earnings$28.9M13.3%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$218M+72%
Q2 2026$169M+55%
Q1 2026$137M+43%
Q4 2025$136M+48%
Q3 2025$126M+56%
Q2 2025$109M+18%
Q1 2025$95.9M+0.7%

From Maxlinear's 10-Q filed Oct 22, 2026 (on EDGAR).

Questions

How does Maxlinear make money?

Maxlinear (MXL) made $218M of revenue in the third quarter 2026 (Q3 2026), +72% from a year earlier. Infrastructure brought in $125M (57%); Broadband brought in $53.3M (24%); Connectivity brought in $24.7M (11%). Of every dollar of revenue, 59¢ was left as gross profit, 14¢ was left as operating profit, 13¢ was left as net earnings.

What is Maxlinear's biggest business?

Infrastructure: $125M in the third quarter 2026, 57% of revenue, +210% from a year earlier.

What is Maxlinear's profit margin?

Net earnings were $28.9M, 13.3% of revenue, in the third quarter 2026; the operating margin was 13.9%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.