MaxLinear shares have surged 406.3% year-to-date, far outpacing the Zacks sub-industry, the broader Zacks Computer & Technology sector, and the S&P 500 index. The Zacks Consensus Estimate projects revenues of $655 million in 2026 and $777 million in 2027, with earnings per share of $1.33 and $1.81, respectively. First-quarter 2026 results beat estimates, with earnings of 22 cents per share and revenues of $137.2 million, up 43% year over year. Management guided for second-quarter revenues of $160 million to $170 million and sequential growth across all four business segments. However, the stock trades at 11.4 times forward 12-month sales, above the sub-industry average of 9.6 times, and carries a Value Score of F, suggesting it is overvalued. The price target of $96 compares with a stock price of $91.30 as of July 10, 2026, indicating limited upside. Operating cash flow was negative $8.9 million in the first quarter, partly due to a wafer prepayment, and inventory rose by roughly $8 million sequentially. MaxLinear faces stiff competition from Broadcom, Marvell, and MACOM Technology, though its year-to-date return has significantly outperformed all three.
MaxLinear IncStock is overvalued (Value Score F, high P/S), limited upside to price target, negative operating cash flow, and rising inventory.
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