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Maxlinear vs Photronics: MXL and PLAB compared
Maxlinear is the larger company: $218M of revenue in its latest quarter (Q3 2026) against $216M for Photronics (Q3 FY26). Maxlinear is growing faster (+72% against +3% a year earlier). Photronics is more profitable, with an operating margin of 21.1% against 13.9%.
Where the money goes: MXL and PLAB
Maxlinear (MXL) · Q3 2026
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.
Photronics (PLAB) · Q3 FY26
Photronics, Q3 FY26: revenue $216M (+3% year over year), operating margin 21.1%, net earnings $28.9M, operating cash flow $76.3M. The chart follows the revenue to costs, profit and cash.
| Maxlinear (MXL) | Photronics (PLAB) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 FY26 |
| Revenue | $218M | $216M |
| Revenue growth, Y/Y | +72% | +3% |
| Gross margin | 58.7% | 33.2% |
| Operating margin | 13.9% | 21.1% |
| Net earnings | $28.9M | $28.9M |
| Net margin | 13.3% | 13.4% |
| Operating cash flow | −$13.6M | $76.3M |
| Free cash flow | — | $39.4M |
| Market value | $9.4B | $1.7B |
| P/E | — | 10.4× |
| Analysts’ mean target | $93.64 | $41.33 |
Where the revenue comes from
Maxlinear
- Infrastructure: $125M (57%)
- Broadband: $53.3M (24%)
- Connectivity: $24.7M (11%)
- Industrial and multi-market: $15.1M (7%)
Photronics
- Integrated Circuits: $155M (72%)
- Flat Panel Displays: $61.4M (28%)
Questions
Which is bigger, Maxlinear or Photronics?
Maxlinear is the larger company: $218M of revenue in its latest quarter (Q3 2026) against $216M for Photronics (Q3 FY26).
Is Maxlinear or Photronics growing faster?
Maxlinear is growing faster (+72% against +3% a year earlier).
Which is more profitable, Maxlinear or Photronics?
Photronics is more profitable, with an operating margin of 21.1% against 13.9%.
More: Maxlinear earnings · how Maxlinear makes money · Photronics earnings · how Photronics makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.