MXL
MaxLinear, Inc.
MXL's outlook is improving, though it still trails on the overall score.
NVDA
NVIDIA Corporation
NVDA has the edge over MXL overall, supported by stronger valuation and stronger fundamentals.
MXL Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Stable | |
| Under pressure | |
| Stable |
MXL's revenue is currently strong, and its profitability and balance sheet are stable, but its cash flow is under pressure.
NVDA Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
NVDA's revenue, profitability, cash flow and balance sheet are all currently strong.
MXL PE Valuation
MXL has no meaningful PE right now: it lost money over the past year.
NVDA PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 12x | $166 | — |
| Current | 21x | $166 | — |
| Cheap | 44x | $345 | +108% |
| Fair | 65x | $511 | +207% |
| Expensive | 93x | $734 | +342% |
Historical ranges are pointers, not guarantees.
NVDA's PE is in its cheap range at 21x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
MXL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Moderate |
MXL has the edge over NVDA on the outlook, with more favorable profitability expectations.
NVDA Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for NVDA, but weaker profitability.
MXL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.06 | — |
| Q3 2026 | -$0.37 | +$1.72 |
| Q2 2026 | -$1.19 | +$1.28 |
| Q1 2026 | -$1.52 | +$1.11 |
| Q4 2025 | -$1.58 | +$1.35 |
| Q3 2025 | -$2.09 | +$0.65 |
| Q2 2025 | -$2.47 | -$0.14 |
| Q1 2025 | -$2.63 | -$0.72 |
| Q4 2024 | -$2.93 | -$2.02 |
MXL is still losing money, but far less than before: $0.37 per share over the past year, against $2.93 at its worst in late 2024.
NVDA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.77 | +74% |
| Q3 2026 | $7.91 | +125% |
| Q2 2026 | $6.53 | +111% |
| Q1 2026 | $4.90 | +67% |
| Q4 2025 | $4.03 | +59% |
| Q3 2025 | $3.51 | +65% |
| Q2 2025 | $3.10 | +81% |
| Q1 2025 | $2.94 | +147% |
| Q4 2024 | $2.54 | +234% |
NVDA has the edge over MXL on earnings quality, reporting a profit while its opponent remains loss making.
MXL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $218.1M | +72% |
| Q2 2026 | $168.8M | +55% |
| Q1 2026 | $137.2M | +43% |
| Q4 2025 | $136.4M | +48% |
| Q3 2025 | $126.5M | +56% |
| Q2 2025 | $108.8M | +18% |
| Q1 2025 | $95.9M | +0.7% |
| Q4 2024 | $92.2M | -26% |
MXL's revenue is recovering but still below its 2022 peak: $218M last quarter, up 72% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +47 points |
| Q2 2026 | -2.5% | +20 points |
| Q1 2026 | -13% | +36 points |
| Q4 2025 | -11% | +34 points |
| Q3 2025 | -33% | +50 points |
| Q2 2025 | -23% | +22 points |
| Q1 2025 | -48% | +30 points |
| Q4 2024 | -45% | -11 points |
MXL's operating margin was 14% last quarter, up 47 points from the same quarter a year ago.
NVDA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $96.2B | +106% |
| Q2 2026 | $81.6B | +85% |
| Q1 2026 | $68.1B | +73% |
| Q4 2025 | $57B | +62% |
| Q3 2025 | $46.7B | +56% |
| Q2 2025 | $44.1B | +69% |
| Q1 2025 | $39.3B | +78% |
| Q4 2024 | $35.1B | +94% |
NVDA has the edge over MXL on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 66% | +5.4 points |
| Q2 2026 | 66% | +17 points |
| Q1 2026 | 65% | +3.9 points |
| Q4 2025 | 63% | +0.8 points |
| Q3 2025 | 61% | -1.2 points |
| Q2 2025 | 49% | -16 points |
| Q1 2025 | 61% | -0.5 points |
| Q4 2024 | 62% | +4.9 points |
NVDA has the edge over MXL on profitability, with a higher operating margin.
MXL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$19.5M | -544% |
| Q2 2026 | $2.5M | -73% |
| Q1 2026 | -$10.3M | +$3.1M |
| Q4 2025 | $6.7M | +$36.7M |
| Q3 2025 | $4.4M | +$39.3M |
| Q2 2025 | $9.3M | +$15M |
| Q1 2025 | -$13.4M | -276% |
| Q4 2024 | -$30M | -$12.2M |
MXL's free cash flow was −$21M over the past year, against −$30M the year before.
NVDA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $21.4B | +59% |
| Q2 2026 | $48.6B | +86% |
| Q1 2026 | $34.9B | +124% |
| Q4 2025 | $22.1B | +32% |
| Q3 2025 | $13.5B | -0.3% |
| Q2 2025 | $26.2B | +75% |
| Q1 2025 | $15.6B | +38% |
| Q3 2024 | $13.5B | +113% |
NVDA has the edge over MXL on cash generation, producing positive trailing cash flow while its opponent burns cash.
MXL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +381K shares |
| 1 year | +12% | +10.5M shares |
| 3 years | +20% | +16.5M shares |
| 5 years | +22% | +17.9M shares |
| Available history | +38% | +26.7M shares |
MXL has 98M diluted shares, up 12% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | — |
| Q4 2022 | — |
| Q3 2022 | — |
| Q2 2022 | $5.2M |
| Q1 2022 | $26.3M |
NVDA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.4% | -106M shares |
| 1 year | -1% | -247M shares |
| 3 years | -2.8% | -705M shares |
| 5 years | -4.1% | -1B shares |
| Available history | -1.8% | -435M shares |
NVDA has the edge over MXL on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $19.7B |
| Q2 2026 | $19.3B |
| Q1 2026 | $3.8B |
| Q4 2025 | $12.5B |
| Q3 2025 | $9.7B |
| Q2 2025 | $14.1B |
| Q1 2025 | $7.8B |
| Q4 2024 | $11B |
NVDA spent $55.3B buying back its own shares over the past year, up 30% from the year before.
MXL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 2.6x | Moderate |
| Q4 2023 | -2.0x | Net Cash |
| Q3 2023 | -0.6x | Net Cash |
| Q2 2023 | -0.5x | Net Cash |
| Q1 2023 | -0.4x | Net Cash |
| Q4 2022 | -0.3x | Net Cash |
| Q3 2022 | -0.0x | Net Cash |
| Q2 2022 | 0.2x | Very low |
MXL's net debt is about 2.6 years of its operating earnings (EBITDA), after holding more cash than debt a year ago.
NVDA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.1x | Very low |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.0x | Net Cash |
| Q4 2025 | -0.0x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.1x | Net Cash |
| Q1 2025 | -0.0x | Very low |
| Q4 2024 | -0.0x | Net Cash |
NVDA has the edge over MXL on leverage, with a lower net debt burden relative to earnings.
MXL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 45.8 | Neutral |
| Stochastic | 16.3 | Oversold |
MXL's weekly RSI is 46 (neutral) and its Stochastic is 16 (oversold).
NVDA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 33.4 | Neutral |
| Stochastic | 18.1 | Oversold |
NVDA's weekly RSI is 33 (neutral) and its Stochastic is 18 (oversold).
MXL PE vs Technology Sector
| Metric | MXL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
MXL has no meaningful PE right now: it lost money over the past year.
NVDA PE vs Technology Sector
| Metric | NVDA | Sector median | Relative |
|---|---|---|---|
| PE | 21x | 28x | 25% below |
| PE % | 0 | 35 | 35 pts below |
NVDA is trading at 21x earnings, a 25% discount to the Technology sector's median of 28x.
MXL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $75.8 | 22% below |
| 20 week MA | $75.4 | 22% below |
| 50 week MA | $55.0 | 7.2% above |
| 100 week MA | $35.0 | 69% above |
| 200 week MA | $28.7 | 106% above |
MXL has the edge over NVDA on trend strength, trading above more of its moving averages.
NVDA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $208.9 | 20% below |
| 20 week MA | $212.0 | 22% below |
| 50 week MA | $199.9 | 17% below |
| 100 week MA | $175.1 | 5.1% below |
| 200 week MA | $123.6 | 34% above |
NVDA has fallen below most of its moving averages, though it's still 34% above its 200-week average.
MXL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $21.4 | $36.7 | +71% |
| 2021 | $36.7 | $74.1 | +102% |
| 2022 | $74.1 | $33.9 | -54% |
| 2023 | $33.9 | $23.8 | -30% |
| 2024 | $23.8 | $20.5 | -14% |
| 2025 | $20.5 | $17.7 | -14% |
| 2026 YTD | $17.7 | $59.0 | +233% |
MXL has the edge over NVDA on returns for 2026, with the stronger performance.
NVDA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.92 | $13.0 | +119% |
| 2021 | $13.0 | $29.6 | +128% |
| 2022 | $29.6 | $15.2 | -49% |
| 2023 | $15.2 | $49.5 | +226% |
| 2024 | $49.5 | $137.0 | +177% |
| 2025 | $137.0 | $190.5 | +39% |
| 2026 YTD | $190.5 | $166.2 | -13% |
NVDA's yearly returns have swung widely, from +226% in 2023 to −49% in 2022. It's down 13% so far in 2026.