MaxLinear Inc (NASDAQ: MXL) is a semiconductor company that designs and sells communications systems-on-chip (SoCs) used in broadband, mobile and wireline infrastructure, data center, and related end markets. Revenue comes from transactional sales of integrated circuits sold through a direct sales force, third-party sales representatives, and distributors worldwide. MaxLinear was incorporated in Delaware in September 2003 and is headquartered in Carlsbad, California. Products are sold primarily to Asian ODMs and contract manufacturers who embed the chips into systems sold into European and North American markets. Asia accounted for 82% of net revenue in the year ended December 31, 2025, with Hong Kong alone representing 49% and Vietnam 12% of net revenue that same year. All sales are denominated in U.S. dollars. The company initiated a $75.0 million share repurchase program announced November 24, 2025, with repurchases funded from available working capital.

Revenue model

Transactional product revenue from sales of semiconductor SoCs, sold through direct sales personnel, third-party representatives, and distributors. Revenue recognition involves estimates for price adjustments and stock rotation rights at the distributor level.

Products and services

Communications systems-on-chip (SoCs) for broadband, mobile and wireline infrastructure, and data center applications.

Customers and end markets

Primary customers are Asian ODMs and contract manufacturers who deliver finished systems into European and North American end markets. End markets include broadband, mobile and wireline infrastructure, and data centers.

Value-chain role

Fabless semiconductor designer. MaxLinear designs SoCs and sells finished chips; manufacturing is performed externally. Products are distributed through direct sales, third-party representatives, and domestic and international distributors, supported by field applications engineers.

Geographic exposure

Asia: 82% of net revenue (year ended December 31, 2025), including Hong Kong 49% and Vietnam 12%. Asia was 75% of net revenue in both years ended December 31, 2024 and December 31, 2023, with Hong Kong at 41% in 2024 and 37% in 2023. All sales denominated in U.S. dollars.

Source: SEC 10-K, filed 2026-01-29

Industry: Semiconductors & Related Devices Peers: NVIDIA Corp Ambarella Inc Diodes Inc Impinj Inc MACOM Technology Solutions Holdings Inc Power Integrations Inc Rambus Inc Semtech Corp SiTime Corp Synaptics Inc