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Investing.com - Benchmark maintained its Buy rating and $25.00 price target on MaxLinear (NASDAQ:MXL) ahead of the company’s upcoming earnings report on October 23. The target sits well within the analyst range of $15-$27.50, with the stock currently trading at $17.09. According to InvestingPro, 6 analysts have recently revised their earnings expectations upward for the upcoming period.
The research firm expects MaxLinear’s results to align with consensus estimates, with potential upside to guidance despite management’s conservative approach amid macroeconomic uncertainty. While the company isn’t currently profitable, InvestingPro data shows analysts expect profitability to return in fiscal year 2025. The stock has shown strong momentum, gaining over 70% in the past six months.
Benchmark sees a more positive narrative developing for fiscal year 2026, citing improving visibility across MaxLinear’s new product portfolio, an upcoming CPE refresh cycle, and steady recovery in core end markets.
The firm believes investors continue to underappreciate MaxLinear’s structural tailwinds and diversified end-market exposure, while the pending SIMO arbitration continues to affect sentiment negatively.
Benchmark’s $25 price target represents a 40% discount to peer averages based on what the firm considers conservative FY26 estimates, and it encourages investors to build positions ahead of both arbitration resolution and broader recognition of MaxLinear’s positioning across AI, broadband, and connectivity markets.
In other recent news, MaxLinear reported its financial results for the second quarter of 2025, showing steady growth with revenue reaching $108.8 million, surpassing the forecasted $104.89 million, and earnings per share (EPS) meeting expectations at $0.02. Looking ahead, the company has guided third-quarter 2025 revenue to $125.0 million at the midpoint, indicating a 14.9% sequential increase and a 54.1% year-over-year improvement. In product development, MaxLinear unveiled its next-generation Panther V storage accelerator, featuring 450Gbps throughput and advanced data transformation capabilities. Analyst firm Stifel reiterated its Buy rating on MaxLinear, maintaining a $21 price target, citing a solid growth outlook and recovery in several business segments. Additionally, Benchmark raised its price target for MaxLinear to $25 from $20, highlighting recovering end markets and new product momentum. These developments reflect MaxLinear’s ongoing efforts to enhance its market position and financial performance.
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