MaxLinear, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

Goodwill arises from the acquisition method of accounting for business combinations and represents the excess of the purchase price over the fair value of the net assets and other identifiable intangible assets acquired. The fair values of net tangible assets and intangible assets acquired are based upon preliminary valuations and the Company’s estimates and assumptions are subject to change within the measurement period (potentially up to one year from the acquisition date).

There were no changes in the carrying amount of goodwill for the three months ended March 31, 2026 and 2025.

The Company performs an annual goodwill impairment assessment on October 31st each year, using a quantitative assessment comparing the fair value of each reporting unit, which the Company has determined to be the entity itself, with its carrying amount, including goodwill. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss is recorded. As a result of the Company’s impairment assessment, no goodwill impairment was recognized as of October 31, 2025.

In addition to its annual review, the Company performs a test of impairment when indicators of impairment are present. During the three months ended March 31, 2026 and 2025, there were no indications of impairment of the Company’s goodwill balances.

Acquired Intangibles

Finite-lived Intangible Assets

The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which are amortized over their estimated useful lives:


		March 31, 2026						December 31, 2025
	Weighted Average Useful Life (in Years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
		(in thousands)
Licensed technology	7.0	$	32,713	$	(4,210)	$	28,503	$	31,858	$	(3,663)	$	28,195
Developed technology	6.9	311,261		(296,343)		14,918		311,261		(293,761)		17,500
Trademarks and trade names	6.2	14,800		(14,598)		202		14,800		(14,562)		238



Patents	7.0	4,780		(1,991)		2,789		4,780		(1,821)		2,959
	6.0	$	363,554	$	(317,142)	$	46,412	$	362,699	$	(313,807)	$	48,892

The following table sets forth amortization expense associated with finite-lived intangible assets, which is included in the consolidated statements of operations as follows:


	Three Months Ended March 31,
		2026		2025
	(in thousands)
Cost of net revenue		$	3,129	$	2,829

Selling, general and administrative		206		592
		$	3,335	$	3,421

Amortization of finite-lived intangible assets in cost of net revenue in the consolidated statements of operations results primarily from acquired developed technology.

The following table sets forth the activity related to finite-lived intangible assets:


	Three Months Ended March 31,
	2026		2025
	(in thousands)
Beginning balance	$	48,892	$	55,008

Additions	855		—


Amortization	(3,335)		(3,421)

Ending balance	$	46,412	$	51,587

The Company regularly reviews the carrying amount of its long-lived assets subject to depreciation and amortization, as well as the related useful lives, to determine whether indicators of impairment may exist that warrant adjustments to carrying values or estimated useful lives. An impairment loss is recognized when the sum of the expected future undiscounted net cash flows is less than the carrying amount of the asset. Should impairment exist, the impairment loss is measured based on the excess of the carrying amount of the asset over the asset’s fair value.

During the three months ended March 31, 2026 and 2025, no impairment losses related to finite-lived intangible assets were recognized.

The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2026:


	Amount
	(in thousands)
2026 (9 months)	$	10,489
2027	11,692
2028	6,246
2029	5,155
2030	4,026
Thereafter	8,804
Total	$	46,412