MaxLinear, Inc. (MXL)财务
NASDAQ · Technology · Semiconductors · 员工1,115人 · CEO Kishore Seendripu
- 股价
- $67.47 -5.78%
- 市值
- $61.2亿
- 企业价值
- $62.2亿
- 最近财报
- Q3 '26 2026-10-22提交
- 下次财报
- 2027-02-04 EPS预期 $0.79
营收(TTM)$6.61亿+56.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)-0.8%+28.8 百分点 对比去年同期营业利润 -$559万
净利润(TTM)-$2940万+83.6% 对比去年同期税后,含营业外收益
自由现金流(TTM)-$2060万+30.6% 对比去年同期资本支出 $1340万
稀释EPS(TTM)-$0.37+82.3% 对比去年同期最近4个季度之和
净现金-$1.05亿-228.7% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $61.2亿 EV $62.2亿
- 营收
- $6.61亿 过去12个月
- 营收增速
- +66% FY2026年一致预期
- 净利润率
- -4.4% 净利润 / 营收,TTM
- P/E
- -192.8× 预期 34.1×(FY2026)
- P/S
- 9.3× 股价 / 营收,TTM
- EV / EBITDA
- 187.7× TTM
- 自由现金流
- -$2060万 过去12个月
- 净利润
- -$2940万 过去12个月
- 营收预期
- $7.77亿 FY2026年一致预期
- 盈利
- 2027-02-04 营收预期 $2.5亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-22):营收超预期1.4%,EPS 超预期11.1%营收$2.18亿,预期$2.15亿(+1.4%);EPS $0.62,预期$0.56(+11.1%)。
- 营收增长加速:同比72.4%Q3 '26营收$2.18亿,此前四个季度的平均值为50.5%。
- 营业利润率-0.8%(TTM),较去年同期+28.8 百分点营收增长56.0%,营业利润增长95.5%。
- 资本支出占营收的2.0%(去年为2.6%)最近4个季度投入$1340万(同比+20.6%)。自由现金流-$2060万。
- 稀释股数一年内增加12.1%Q3 '26稀释股数9770万,一年前为8720万。
- 净债务 $1.05亿现金 + 短期投资 $8110万,含租赁债务 $1.86亿;一年前净债务 $3190万。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $2.18亿 | $1.26亿 | +72.4% |
| 毛利率 | 58.7% | 56.6% | +2.2 百分点 |
| 营业利润 | $3020万 | -$3000万 | +200.7% |
| 营业利润率 | 13.9% | -23.7% | +37.6 百分点 |
| 净利润 | $2890万 | -$4550万 | +163.5% |
| 稀释EPS | $0.30 | -$0.52 | +157.7% |
| 经营现金流 | -$1360万 | $1010万 | -234.2% |
| 资本支出 | $594万 | $573万 | +3.7% |
| 自由现金流 | -$1950万 | $440万 | -544.4% |
| R&D | $6060万 | $5430万 | +11.8% |
| 股权激励费用 | $1980万 | $0 | – |
实际 vs 一致预期
2026-10-22| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $2.18亿 | $2.15亿 | +1.4% |
| EPS(一致预期口径) | $0.62 | $0.56 | +11.1% |
来自2026-10-22发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Infrastructure | $1.25亿 | +209.6% | 57.3% | $3.19亿 | +149.3% | |
| Broadband | $5330万 | -8.4% | 24.5% | $2亿 | +13.2% | |
| Industrial And multi-market | $1510万 | +69.3% | 6.9% | – | – | |
| Connectivity | $2470万 | +30.3% | 11.3% | $8530万 | +6.6% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Asia | $8480万 | +0.6% | 76.5% | $3.73亿 | – | |
| Rest of World | $2080万 | +377.0% | 18.8% | $5380万 | – | |
| United States | $520万 | +3,482.8% | 4.7% | $1590万 | – |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- -$725万
- 资本支出
- -$1340万
- 股票回购
- -$2370万
- 股息
- $0
- 收购
- $0
- 债务净发行
- $4200万
- 股权激励费用
- $8690万
- 自由现金流
- -$2060万
- 股东回报 / FCF
- -115.0%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -192.8× | 79.1× 5年中的2年 | 21.2× – 137.1× |
| EV / EBITDA | 187.7× | 83.1× 5年中的3年 | 10.2× – 198.2× |
| EV / 营收 | 9.4× | 4.0× | 2.3× – 6.7× |
| 股价 / FCF | -296.8× | 108.1× 5年中的4年 | 7.6× – 215.0× |
| 股价 / 净资产 | 11.5× | 5.0× | 2.8× – 11.7× |
| FCF收益率 | -0.3% | 2.5% | -3.8% – 13.1% |
| 投入资本回报率 | -0.7% | -4.7% | -24.3% – 15.5% |
| 净资产收益率 | -6.1% | -12.3% | -47.5% – 18.5% |
分析师
一致目标价 $100.43 (+48.9%)
区间 $70.00 – $125.00 · 评级 Buy
强烈买入0
买入11
持有6
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $7.77亿 | +66.1% | $1.98 | +225.1% | 34.1× | 6 |
| FY2027 | $13.8亿 | +78.3% | $4.66 | +135.9% | 14.5× | 6 |
| FY2028 | $18.3亿 | +32.3% | $5.72 | +22.8% | 11.8× | 6 |
| FY2029 | $17亿 | -7.3% | $5.03 | -12.1% | 13.4× | 3 |
| FY2030 | $15.6亿 | -8.4% | $5.25 | +4.4% | 12.9× | 2 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
MaxLinear, Inc.在近期10-Q / 10-K文件中标记的全部294项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $3650万 | $3140万 | +16.1% | $3790万 | $3140万 | +20.8% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $7340万 | $5290万 | +38.6% | $4610万 | $8550万 | -46.0% |
| Accrued Bonuses | $2750万 | $2670万 | +3.0% | $3240万 | $490万 | +561.2% |
| Accrued Income Taxes, Current | $44.4万 | $61.3万 | -27.6% | $51.1万 | $74.5万 | -31.4% |
| Accrued Liabilities, Current | $6450万 | $7680万 | -16.1% | $7240万 | $8740万 | -17.2% |
| Accrued Professional Fees, Current | $247万 | $1040万 | -76.3% | $688万 | $710万 | -3.1% |
| Accrued Royalties, Current | $54.9万2026-03-31 | $37.5万 | +46.4% | $65.8万 | $43.8万 | +50.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.71亿 | $1.54亿 | +10.9% | $1.58亿 | $1.36亿 | +15.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $64.1万 | $16万 | +300.6% | $103万 | -$682万 | +115.1% |
| Additional Paid in Capital, Common Stock | $10.5亿 | $9.5亿 | +10.2% | $9.51亿 | $8.87亿 | +7.3% |
| Amortization of Debt Issuance Costs and Discounts | $20万 | $20万 | 0.0% | $60万 | $60万 | 0.0% |
| Amortization of Intangible Assets | $344万 | $331万 | +4.1% | $1330万 | $2320万 | -42.5% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 9.7万 | 450万 | -97.8% | 610万 | 680万 | -10.3% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $1980万 | $2140万 | -7.6% | $7720万 | $6600万 | +17.0% |
| Asset Impairment Charges | $0 | $0 | – | $0 | $0 | – |
| Assets | $9.16亿 | $8.08亿 | +13.4% | $7.96亿 | $8.65亿 | -7.9% |
| Assets, Current | $3.91亿 | $2.84亿 | +37.7% | $2.49亿 | $3.23亿 | -23.1% |
| Business Combination, Contingent Consideration, Liability | $260万 | $260万 | 0.0% | $260万 | $260万 | 0.0% |
| Business Combination, Contingent Consideration, Liability, Current | $260万 | $260万 | 0.0% | $260万 | $260万 | 0.0% |
| Cash and Cash Equivalents, at Carrying Value | $8110万 | $1.12亿 | -27.5% | $7280万 | $1.19亿 | -38.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $1.1亿 | $1.13亿 | -3.0% | $1.01亿 | $1.2亿 | -15.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $1610万 | $301万 | +435.9% | -$1820万 | -$6880万 | +73.5% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 5.5亿 | 5.5亿 | 0.0% | 5.5亿 | 5.5亿 | 0.0% |
| Common Stock, Shares, Issued | 9100万 | 8740万 | +4.2% | 8650万 | 8460万 | +2.2% |
| Common Stock, Shares, Outstanding | 9100万 | 8740万 | +4.2% | 8650万 | 8460万 | +2.2% |
| Common Stock, Value, Issued | $9000 | $9000 | 0.0% | $9000 | $8000 | +12.5% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2820万 | -$4560万 | +161.8% | -$1.29亿 | -$2.48亿 | +48.1% |
| Contract with Customer, Liability | $28.4万 | $7.6万 | +273.7% | $422万 | $11.4万 | +3,603.5% |
| Contract with Customer, Right to Recover Product | $10万 | $10万 | 0.0% | $10万 | $10万 | 0.0% |
| Contractual Obligation | $3.48亿 | $1.21亿 | +187.2% | $2.1亿 | $1.07亿 | +96.7% |
| Contractual Obligation, to be Paid, after Year Five | $279万2025-12-31 | – | – | $279万 | – | – |
| Contractual Obligation, to be Paid, Remainder of Fiscal Year | $1亿 | $4510万 | +121.7% | – | – | – |
| Contractual Obligation, to be Paid, Year Five | $64.7万2025-12-31 | – | – | $64.7万 | – | – |
| Contractual Obligation, to be Paid, Year Four | $64.7万 | $62.9万 | +2.9% | $62.9万 | $0 | – |
| Contractual Obligation, to be Paid, Year One | $2.11亿 | $5530万 | +282.4% | $1.46亿 | $7200万 | +103.4% |
| Contractual Obligation, to be Paid, Year Three | $1090万 | $111万 | +881.8% | $111万 | $367万 | -69.8% |
| Contractual Obligation, to be Paid, Year Two | $2180万 | $1540万 | +41.5% | $5800万 | $3090万 | +87.9% |
| Cost of Revenue | $9000万 | $5460万 | +64.9% | $2.02亿 | $1.66亿 | +21.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $482万 | $89.3万 | +439.3% |
| Current Foreign Tax Expense (Benefit) | – | – | – | -$43.6万 | $474万 | -109.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $439万 | $565万 | -22.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $5000 | $1.6万 | -68.8% |
| Debt Instrument, Interest Rate, Effective Percentage | 7.0% | 7.0% | 0.0% | 6.9% | 7.8% | -11.5% |
| Debt Instrument, Unamortized Discount | $22.6万 | – | – | $210万2017-05-12 | – | – |
| Debt Issuance Costs, Net | $71.2万 | – | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1370万 | -$1080万 | -27.0% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $427万 | -$1090万 | +139.3% |
| Deferred Income Tax Assets, Net | $6540万 | $7480万 | -12.5% | $7730万 | $6870万 | +12.5% |
| Deferred Income Tax Expense (Benefit) | -$306万 | $27.5万 | -1,212.4% | -$860万 | $83.3万 | -1,132.2% |
| Deferred Income Taxes and Tax Credits | – | – | – | -$860万 | $82.6万 | -1,140.6% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$311万 | -$354万 | +12.0% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $774万2025-12-31 | $970万 | -20.2% | $774万 | $970万 | -20.2% |
| Deferred Tax Assets, Gross | $1.84亿2025-12-31 | $1.71亿 | +7.4% | $1.84亿 | $1.71亿 | +7.4% |
| Deferred Tax Assets, Net | $7710万2025-12-31 | $6850万 | +12.5% | $7710万 | $6850万 | +12.5% |
| Deferred Tax Assets, Net of Valuation Allowance | $7940万2025-12-31 | $7110万 | +11.6% | $7940万 | $7110万 | +11.6% |
| Deferred Tax Assets, Operating Loss Carryforwards | $5370万2025-12-31 | $3930万 | +36.8% | $5370万 | $3930万 | +36.8% |
| Deferred Tax Assets, Tax Credit Carryforwards, Foreign | $52.7万2025-12-31 | $158万 | -66.6% | $52.7万 | $158万 | -66.6% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $8610万2025-12-31 | $8570万 | +0.5% | $8610万 | $8570万 | +0.5% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Compensation | $690万2025-12-31 | $299万 | +130.6% | $690万 | $299万 | +130.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-02