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MaxLinear, Inc. (MXL) Presents at Citi's 2026 Global TMT Conference Transcript
MaxLinear, Inc. is rated 'Buy' following a 50%+ dip, with a $105/share price target and 67% upside potential. MXL's Keystone PAM4 DSP, Rushmore, and Annapurna platforms, plus Panther accelerators, are expected to drive substantial growth through 2027-2028. Q2 2026 saw Infrastructure segment revenue up 145% YoY; Q3 guidance implies 27% QoQ growth and ~60% adjusted gross margin.
MaxLinear offers a compelling Buy opportunity after a sharp valuation correction, with fundamentals intact and strong revenue growth (~55% YoY, infrastructure segment ~145%). MXL's near-term revenue is largely booked, with robust order visibility through 2026 and a credible path to ~30% revenue growth in 2027. Margin inflection is imminent, with Q3 GAAP operating margins expected to turn positive (~11.5%), supported by stable gross margins and an infrastructure mix shift.
MaxLinear has the AI infrastructure edge, backed by strong current revenue growth and multiple product ramps through 2027-2028.
MaxLinear is experiencing explosive growth in its Infrastructure segment, driven by surging demand for optical connectivity in AI data centers. MXL is on track to surpass its $500M Infrastructure revenue target well ahead of its original 2028 timeline, with segment CAGR at 25-26%. Gross margins are expanding rapidly, expected to reach 60% in Q3, supported by leaner inventory and robust demand for 400G/800G and 1.6T networking products.
Bank of New York Mellon Corp purchased a new position in shares of MaxLinear, Inc (NASDAQ: MXL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 509,357 shares of the semiconductor company's stock, valued at approximately $65,213,000.
MaxLinear's Keystone ramp, rising 800G demand and next-generation 1.6T pipeline strengthens its AI optical push against larger rivals.
Callan Family Office LLC bought a new stake in MaxLinear, Inc (NASDAQ: MXL) in the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,400 shares of the semiconductor company's stock, valued at approximately $1,075,000. A number of other large