Form 8-K

8-K — MAXLINEAR, INC

Accession: 0001288469-26-000050

Filed: 2026-07-23

Period: 2026-07-23

CIK: 0001288469

SIC: 3674 (SEMICONDUCTORS & RELATED DEVICES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — mxl-20260723.htm (Primary)

EX-99.1 (a06302026exhibit991.htm)

GRAPHIC — MAXLINEAR LOGO (mxla01a01a42a.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

XML — IDEA: XBRL DOCUMENT (R2.htm)

8-K

8-K (Primary)

Filename: mxl-20260723.htm · Sequence: 1

mxl-20260723

0001288469false00012884692026-07-232026-07-23

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 23, 2026

MaxLinear, Inc.

(Exact name of registrant as specified in its charter)

Delaware 001-34666 14-1896129

(State or other jurisdiction

of incorporation) (Commission

File Number) (I.R.S. Employer

Identification No.)

5966 La Place Court, Suite 100, Carlsbad, California 92008

(Address of principal executive offices) (Zip Code)

(760) 692-0711

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common stock MXL The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On July 23, 2026, MaxLinear issued a press release announcing its unaudited financial results for the second quarter ended June 30, 2026. A copy of the press release is furnished as Exhibits 99.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

The information in this Current Report on Form 8-K and the exhibits attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section. The information in this Current Report on Form 8-K shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Description

99.1

Press Release, dated July 23, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 23, 2026 MAXLINEAR, INC.

(Registrant)

By: /s/ Steven G. Litchfield

Steven G. Litchfield

Chief Financial Officer and Chief Corporate Strategy Officer

(Principal Financial Officer)

EX-99.1

Filename: a06302026exhibit991.htm · Sequence: 2

Document

Exhibit 99.1

FOR IMMEDIATE RELEASE

MaxLinear, Inc. Announces Second Quarter 2026 Financial Results

•Q2 net revenue of $168.8 million, up 23% sequentially and up 55% year over year

•Infrastructure business up 145% year over year reflecting accelerated adoption of optical AI data center products

Carlsbad, Calif. – July 23, 2026 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the second quarter ended June 30, 2026.

Second Quarter Financial Summary

($ in thousands, except per share amounts)

GAAP

Three Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 Q/Q Y/Y

Net revenue $ 168,847 $ 137,188 $ 108,813 23 % 55 %

Gross Margin 57.8 % 57.5 % 56.5 % 30 bps 130 bps

Operating Expenses $ 101,848 $ 96,093 $ 86,140 6 % 18 %

Operating Margin (2.5) % (12.5) % (22.6) % 1,000 bps 2,010 bps

Diluted Net Income (Loss) Per Share $ 0.02 $ (0.52) $ (0.31) 104 % 106 %

Non-GAAP

Three Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 Q/Q Y/Y

Gross Margin 59.5 % 59.5 % 59.1 % — bps 40 bps

Operating Expenses $ 62,798 $ 59,916 $ 56,555 5 % 11 %

Operating Margin 22.3 % 15.9 % 7.2 % 640 bps 1,510 bps

Diluted Net Income Per Share $ 0.35 $ 0.22 $ 0.02 59 % 1650 %

Management Commentary

“Q2 results underscore the ongoing significant inflection in MaxLinear’s overall business as we delivered 55% year-over-year revenue growth, including 145% growth year over year in our data center-oriented infrastructure revenue,” said Kishore Seendripu, Chairman and Chief Executive Officer of MaxLinear. “The strong momentum in our optical AI data center business reflects the ramp of our Keystone PAM4 DSP platform for 800G applications, as well as the strength of our expanding infrastructure portfolio and roadmap for 1.6T- capable products. With the convergence of multiple growth drivers over the next two years, and with our continued focus on innovation, operational excellence, and disciplined execution, we believe MaxLinear is well-positioned to deliver sustained growth, expanding profitability, and long-term value for our shareholders.”

Third Quarter 2026 Business Outlook

The Company estimates the following (in millions):

GAAP Non-GAAP

(except for revenue)

Revenue

$210 - $220

Gross Margin

57.0% - 60.0%

58.5% - 61.5%

Operating Expenses

$98 - $104

$66 - $71

Interest and Other Expense, Net

$3.8 - $4.2

$3.7 - $4.1

Income Tax Provision (Benefit)

$1.5

$1.0

Fully Diluted Share Count

Webcast and Conference Call

MaxLinear will host its second quarter financial results conference call today, July 23, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). To access this call, dial US toll free: 1-877-407-3109 / International: 1-201-493-6798. A live webcast of the conference call will be accessible from the investor relations section of the MaxLinear website at https://investors.maxlinear.com and will be archived and available after the call at https://investors.maxlinear.com until August 6, 2026. A replay of the conference call will also be available until August 6, 2026 by dialing US toll free: 1-877-660-6853 / International: 1-201-612-7415 and Conference ID#: 13761549.

Cautionary Note Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “project,” “target,” “seek,” “may,” “should,” “will” and similar references to future periods. Forward-looking statements include, among others, statements concerning our future financial performance (including our current guidance for third quarter 2026, including net revenue and GAAP and non-GAAP amounts for each of the following: gross margins, operating expenses, interest and other expenses, income tax provision (benefit), and diluted share counts); the start of a multi-year growth phase and our potential for sustained growth and increasing profitability in 2026 and beyond; statements regarding an inflection point in, and anticipated step-function or accelerating revenue growth from, our optical data center and infrastructure businesses; statements regarding the momentum, traction, and production ramps of our optical data center and other connectivity products, including at hyperscale customers and across scale-up and scale-out AI platforms; statements regarding the ramp of our Keystone PAM4 DSP platform for 800G applications and the development, roadmap, and anticipated availability of our 1.6T-capable products; statements regarding momentum and improving visibility throughout our portfolio; statements regarding continued customer engagement and demand in high-value markets; statements relating to the timing of new products ramping into production; statements related to new and increased products; settlement of bonus awards for our 2026 performance period; statements related to growth trends in the markets in which we operate; and statements by our Chairman and CEO. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements and our future financial performance and operating results forecasts generally. Forward-looking statements are based on management’s current, preliminary expectations and are subject to various risks and uncertainties. In particular, our future operating results are substantially dependent on our assumptions about market trends and conditions. Additional risks and uncertainties affecting our business, future operating results and financial condition include, without limitation, risks relating to: our dependence on the ramp of our optical data center and related connectivity products and the concentration of our anticipated growth in a limited number of hyperscale customers and scale-up and scale-out AI-platform programs, and the risk that adoption, program timing, qualification, or demand for AI and data center infrastructure does not develop or continue as anticipated; our terminated merger with Silicon Motion and related arbitration and class action complaint and the risks related to potential payment of damages; the effect of intense and increasing competition; increased tariffs, export controls or imposition of additional trade barriers; impacts of global economic conditions; the cyclical nature of the semiconductor industry; a significant variance in our operating results and impact on volatility in our stock price, and our ability to sustain our current level of revenue, which has previously declined, and/or manage future growth effectively; escalating trade wars, military conflicts and other geopolitical and economic tensions among the countries in which we conduct business; international geopolitical and military conflicts; our ability to obtain or retain government authorization to export certain of our products or technology; the loss of, or a significant reduction in orders from major customers; legal proceedings or potential violations of regulations; information technology failures; a decrease in the average selling prices of our products; failure to penetrate new applications and markets; development delays and consolidation trends in our industry; inability to make substantial and productive research and development investments; delays or expenses caused by undetected defects or bugs in our products; substantial quarterly and annual fluctuations in our revenue and operating results; failure to timely develop and introduce new or enhanced products; order and shipment uncertainties and differences between our estimates of customer demand and product mix and our actual results; failure to accurately predict our future revenue and appropriately budget expenses; lengthy and expensive customer qualification processes; customer product plan cancellations; failure to maintain compliance with government regulations; failure to attract and retain qualified personnel; any adverse impact of rising interest rates on us, our customers, and our distributors and related demand; risks related to compliance with privacy, data protection and cybersecurity laws and regulations; risks related to conforming our products to industry standards; risks related to business acquisitions and investments; claims of intellectual property infringement; our ability to protect our intellectual property; security vulnerabilities of our products; use of open source software in our products; failure to manage our relationships with, or negative impacts from, third parties; and future decisions relating to our stock repurchase program. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in our filings with the Securities and Exchange Commission (SEC), including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and our Current Reports on Form 8-K, as updated (if applicable) in MaxLinear's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All forward-looking statements are based on the estimates, projections and assumptions of management as of July 23, 2026, and MaxLinear is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

Use of Non-GAAP Financial Measures

To supplement our unaudited consolidated financial statements presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including, but not limited to, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses as a percentage of net revenue, non-GAAP income (loss) from operations, non-GAAP income (loss) from operations as percentage of revenue, non-GAAP income (loss) before income taxes, non-GAAP interest and other income (expense), non-GAAP income tax provision (benefit), non-GAAP net income (loss), non-GAAP basic and diluted earnings or income (loss) per share, and non-GAAP diluted share count. These supplemental measures exclude the effects of (i) stock-based compensation expense; (ii) accruals related to our performance-based bonus plan for 2026, which we intend to settle in shares of our common stock; (iii) accruals related to our performance-based bonus plan for 2025, which we settled in shares of common stock in February 2026; (iv) amortization of purchased intangible assets; (v) research and development funded by others; (vi) acquisition and integration costs related to our acquisitions, if any, including costs incurred related to the termination of the previously pending (now terminated) merger with Silicon Motion; (vii) impairment losses, if any; (viii) severance and other restructuring charges; (ix) other non-recurring interest and other income (expenses), net, attributable to acquisitions; and (x) non-cash income tax benefits and expenses. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP financial measures. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance.

We believe that non-GAAP financial measures can provide useful information to both management and investors by excluding certain non-cash and other one-time expenses that we believe are not indicative of our core operating results. Among other uses, our management uses non-GAAP measures to compare our performance relative to forecasts and strategic plans and to benchmark our performance externally against competitors. In addition, management’s incentive compensation will be determined in part using these non-GAAP measures because we believe non-GAAP measures better reflect our core operating performance.

The following are explanations of each type of adjustment that we incorporate into non-GAAP financial measures:

Stock-based compensation expense relates to equity incentive awards granted to our employees, directors, and consultants. Our equity incentive plans are important components of our employee incentive compensation arrangements and are reflected as expenses in our GAAP results. Stock-based compensation expense has been and will continue to be a significant recurring expense for MaxLinear. While we include the dilutive impact of equity awards in weighted average shares outstanding, the expense associated with stock-based awards reflects a non-cash charge that we exclude from non-GAAP net income or loss.

Performance-based equity consists of accruals related to our executive and non-executive bonus programs and have been excluded from our non-GAAP net income or loss for all periods reported. Bonus payments for the 2025 performance periods were settled through the issuance of shares of common stock under our equity incentive plans in February 2026. We currently expect that a substantial portion of bonus awards under our fiscal 2026 program will be settled in common stock in the first quarter of fiscal 2027.

Expenses incurred in relation to acquisitions and other include amortization of purchased intangible assets resulting from acquisitions, acquisition and integration costs primarily consisting of professional and consulting fees, including costs incurred related to the termination of the previously pending (now terminated) merger with Silicon Motion, and professional fees and expenses incurred in relation to our intellectual property litigation.

Research and development funded by others represents proceeds received under contracts for jointly funded R&D projects to develop technology that may be commercialized into a product in the future. Initially such proceeds may not yet be recognized in GAAP results if, pursuant to contract terms, the Company may be required to repay all or a portion of the funds provided by the other party under certain conditions. Management believes it is not probable that it will trigger such conditions. Once such conditions have been resolved, the proceeds are recognized in GAAP results, and accordingly, reversed from non-GAAP results.

Restructuring charges incurred are related to our restructuring plans which eliminate redundancies and primarily include severance and restructuring costs related to impairment of leased right-of-use assets or from exiting certain facilities and cancellation of contracts.

Other expense includes accretion of discounts on obligations recorded as a result of abandoned leased facilities for which we continue to be obligated to pay but from which we will receive no future benefit.

Income tax benefits and expense adjustments are those that do not affect cash income taxes payable.

Reconciliations of non-GAAP measures for the historic periods disclosed in this press release appear below. Because of the inherent uncertainty associated with our ability to project future charges, we are also unable to predict their probable significance, particularly related to stock-based compensation and its related tax effects as well as potential impairments, a quantitative reconciliation is not available without unreasonable efforts and accordingly, in reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, we have not provided a reconciliation for non-GAAP guidance provided for the third quarter 2026.

About MaxLinear, Inc.

MaxLinear, Inc. (Nasdaq:MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit www.maxlinear.com.

MXL is MaxLinear’s registered trademark. Other trademarks appearing herein are the property of their respective owners.

MaxLinear, Inc. Investor Relations Contact:

Leslie Green

lgreen@maxlinear.com

MAXLINEAR, INC.

UNAUDITED GAAP CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

Three Months Ended Six Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Net revenue $ 168,847 $ 137,188 $ 108,813 $ 306,035 $ 204,746

Cost of net revenue 71,184 58,304 47,288 129,488 89,390

Gross profit 97,663 78,884 61,525 176,547 115,356

Operating expenses:

Research and development 56,033 53,162 47,199 109,195 102,656

Selling, general and administrative 45,751 42,457 33,361 88,208 69,950

Restructuring charges 64 474 5,580 538 13,459

Total operating expenses 101,848 96,093 86,140 197,941 186,065

Loss from operations (4,185) (17,209) (24,615) (21,394) (70,709)

Interest income 474 633 812 1,107 1,676

Interest expense (2,269) (2,197) (2,512) (4,466) (5,016)

Other income (expense), net (570) 121 (4,386) (449) (5,654)

Total other income (expense), net (2,365) (1,443) (6,086) (3,808) (8,994)

Loss before income taxes (6,550) (18,652) (30,701) (25,202) (79,703)

Income tax provision (benefit) (8,310) 26,485 (4,115) 18,175 (3,404)

Net income (loss) $ 1,760 $ (45,137) $ (26,586) $ (43,377) $ (76,299)

Net income (loss) per share:

Basic $ 0.02 $ (0.52) $ (0.31) $ (0.49) $ (0.89)

Diluted $ 0.02 $ (0.52) $ (0.31) $ (0.49) $ (0.89)

Shares used to compute net income (loss) per share:

Basic 90,043 87,595 86,626 88,826 85,952

Diluted 97,333 87,595 86,626 88,826 85,952

MAXLINEAR, INC.

UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS

(in thousands, except per share data)

Three Months Ended Six Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

GAAP gross profit $ 97,663 $ 78,884 $ 61,525 $ 176,547 $ 115,356

Stock-based compensation 130 151 156 281 437

Performance-based equity 84 55 73 139 111

Amortization of purchased intangible assets 2,529 2,582 2,582 5,111 5,164

Non-GAAP gross profit 100,406 81,672 64,336 182,078 121,068

GAAP gross margin 57.8 % 57.5 % 56.5 % 57.7 % 56.3 %

Non-GAAP gross margin 59.5 % 59.5 % 59.1 % 59.5 % 59.1 %

GAAP operating expenses 101,848 96,093 86,140 197,941 186,065

Stock-based compensation (27,348) (19,877) (12,958) (47,225) (35,587)

Performance-based equity (9,214) (8,595) (6,376) (17,809) (12,608)

Amortization of purchased intangible assets (207) (206) (592) (413) (1,183)

Acquisition and integration and other costs (2,217) (6,525) (4,079) (8,742) (7,288)

Research and development funded by others — (500) — (500) (1,000)

Restructuring charges (64) (474) (5,580) (538) (13,459)

Non-GAAP operating expenses 62,798 59,916 56,555 122,714 114,940

GAAP loss from operations (4,185) (17,209) (24,615) (21,394) (70,709)

Total non-GAAP adjustments 41,793 38,965 32,396 80,758 76,837

Non-GAAP income from operations 37,608 21,756 7,781 59,364 6,128

GAAP operating margin (2.5) % (12.5) % (22.6) % (7.0) % (34.5) %

Non-GAAP operating margin 22.3 % 15.9 % 7.2 % 19.4 % 3.0 %

GAAP interest and other income (expense), net (2,365) (1,443) (6,086) (3,808) (8,994)

Non-recurring interest and other income (expense), net 62 104 201 166 391

Non-GAAP interest and other income (expense), net (2,303) (1,339) (5,885) (3,642) (8,603)

GAAP loss before income taxes (6,550) (18,652) (30,701) (25,202) (79,703)

Total non-GAAP adjustments 41,855 39,069 32,597 80,924 77,228

Non-GAAP income (loss) before income taxes 35,305 20,417 1,896 55,722 (2,475)

GAAP income tax provision (benefit) (8,310) 26,485 (4,115) 18,175 (3,404)

Adjustment for non-cash tax benefits/expenses 9,310 (25,485) 4,255 (16,175) 3,544

Non-GAAP income tax provision 1,000 1,000 140 2,000 140

GAAP net income (loss) 1,760 (45,137) (26,586) (43,377) (76,299)

Total non-GAAP adjustments before income taxes 41,855 39,069 32,597 80,924 77,228

Less: total tax adjustments 9,310 (25,485) 4,255 (16,175) 3,544

Non-GAAP net income (loss) $ 34,305 $ 19,417 $ 1,756 $ 53,722 $ (2,615)

Shares used in computing GAAP and non-GAAP basic net income (loss) per share 90,043 87,595 86,626 88,826 85,952

Shares used in computing GAAP diluted net income (loss) per share 97,333 87,595 86,626 88,826 85,952

Dilutive common stock equivalents — 2,266 163 4,777 —

Shares used in computing non-GAAP diluted net income (loss) per share 97,333 89,861 86,789 93,603 85,952

Non-GAAP basic net income (loss) per share $ 0.38 $ 0.22 $ 0.02 $ 0.60 $ (0.03)

Non-GAAP diluted net income (loss) per share $ 0.35 $ 0.22 $ 0.02 $ 0.57 $ (0.03)

MAXLINEAR, INC.

UNAUDITED GAAP CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

Three Months Ended Six Months Ended

June 30, 2026 March 31, 2026 June 30, 2025 June 30, 2026 June 30, 2025

Operating Activities

Net income (loss) $ 1,760 $ (45,137) $ (26,586) $ (43,377) $ (76,299)

Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:

Amortization and depreciation 9,011 9,119 9,329 18,130 18,582

Amortization of debt issuance costs and accretion of discount on debt and leases 425 414 491 839 1,001

Stock-based compensation 27,479 20,027 13,113 47,506 36,024

Deferred income taxes (10,231) 25,133 (5,677) 14,902 (6,355)

Loss on disposal of property and equipment 200 — 900 200 900

Reduction in the carrying amount of leased right-of-use assets 1,795 1,820 1,888 3,615 3,784

Impairment of leased right-of-use assets — 233 449 233 427

Gain on extinguishment of lease liabilities (328) — — (328) —

(Gain) loss on foreign currency and other 466 (219) 4,277 247 5,461

Excess tax (benefits) deficiencies on stock-based awards (11,585) 970 (3,849) (10,615) (2,274)

Changes in operating assets and liabilities:

Accounts receivable, net (10,182) 5,267 (6,893) (4,915) (20,354)

Inventory (19,651) (7,735) (26) (27,386) 4,312

Prepaid expenses and other assets (14,763) (7,738) 8,204 (22,501) 4,480

Accounts payable, accrued expenses and other current liabilities 18,251 (18,960) 24,952 (709) 29,141

Accrued compensation 11,690 9,521 3,132 21,211 11,849

Accrued price protection liability 3,660 1,039 (8,163) 4,699 (3,881)

Lease liabilities (2,748) (2,737) (2,960) (5,485) (5,777)

Other long-term liabilities (440) 111 (2,092) (329) (1,932)

Net cash provided by (used in) operating activities 4,809 (8,872)

10,489 (4,063) (911)

Investing Activities

Purchases of property and equipment (2,338) (1,384) (1,172) (3,722) (3,161)

Purchases of intangible assets (810) (855) (6,207) (1,665) (6,207)

Proceeds from convertible notes receivable — (2,000) — (2,000) —

Net cash used in investing activities (3,148) (4,239) (7,379) (7,387) (9,368)

Financing Activities

Proceeds from borrowings under revolving credit facility 20,000 — — 20,000 —

Repayment of borrowings under revolving credit facility (20,000) — — (20,000) —

Proceeds from funding arrangement 2,000 6,000 — 8,000 —

Payment of debt issuance costs (479) — — (479) —

Net proceeds from issuance of common stock, net of costs 3,804 — 2,150 3,804 2,140

Minimum tax withholding paid on behalf of employees for restricted stock units (3,716) (3,722) (71) (7,438) (2,201)

Net cash provided by (used in) financing activities 1,609 2,278 2,079 3,887 (61)

Effect of exchange rate changes on cash, cash equivalents and restricted cash 530 (647) 999 (117) 990

Increase (decrease) in cash, cash equivalents and restricted cash 3,800 (11,480) 6,188 (7,680) (9,350)

Cash, cash equivalents and restricted cash at beginning of period 89,932 101,412 104,065 101,412 119,603

Cash, cash equivalents and restricted cash at end of period $ 93,732 $ 89,932 $ 110,253 $ 93,732 $ 110,253

MAXLINEAR, INC.

UNAUDITED GAAP CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

June 30, 2026 March 31, 2026 June 30, 2025

Assets

Current assets:

Cash and cash equivalents $ 64,814 $ 61,077 $ 108,618

Short-term restricted cash 1,492 1,426 —

Accounts receivable, net 51,037 40,855 105,818

Inventory 105,490 85,839 86,031

Prepaid expenses and other current assets 75,829 60,253 29,682

Total current assets 298,662 249,450 330,149

Long-term restricted cash 27,426 27,429 1,635

Property and equipment, net 41,207 44,362 51,125

Leased right-of-use assets 19,724 21,938 16,528

Intangible assets, net 43,780 46,412 54,359

Goodwill 318,588 318,588 318,588

Deferred tax assets 62,361 52,132 75,037

Other long-term assets 10,823 10,956 16,316

Total assets $ 822,571 $ 771,267 $ 863,737

Liabilities and stockholders’ equity

Current liabilities $ 168,124 $ 146,658 $ 213,492

Long-term lease liabilities 15,465 17,987 14,397

Long-term debt 123,926 123,773 123,305

Other long-term liabilities 30,216 28,658 24,212

Stockholders’ equity 484,840 454,191 488,331

Total liabilities and stockholders’ equity $ 822,571 $ 771,267 $ 863,737

GRAPHIC — MAXLINEAR LOGO

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v3.26.1

DEI Document

Jul. 23, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Jul. 23, 2026

Entity Registrant Name

MaxLinear, Inc.

Entity Incorporation, State or Country Code

Entity File Number

001-34666

Entity Tax Identification Number

14-1896129

Entity Address, Address Line One

5966 La Place Court, Suite 100,

Entity Address, City or Town

Carlsbad,

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Entity Address, Postal Zip Code

92008

City Area Code

760

Local Phone Number

692-0711

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Common stock

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MXL

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NASDAQ

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Entity Central Index Key

0001288469

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Filename: R2.htm · Sequence: 10

v3.26.1

Cover

Jul. 23, 2026

Entity Information [Line Items]

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Jul. 23, 2026

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