Integrated circuits provider MaxLinear beats Q2 revenue estimates

MaxLinear

23/07/2025 21:26

Overview

MaxLinear Q2 2025 rev grows 18% yr/yr, beating analyst expectations

Co returns to non-GAAP profitability, adjusted EPS meets analyst estimates

Positive free cash flow generated, indicating improved operational efficiency

Outlook

MaxLinear expects Q3 2025 revenue between $115 mln and $135 mln

The integrated circuits provider anticipates GAAP gross margin of about 55% to 58% in Q3

MaxLinear sees non-GAAP operating expenses of $55 mln to $61 mln

Company forecasts non-GAAP gross margin of 57.5% to 60.5% in Q3

Result Drivers

STRATEGIC MARKETS - Growth driven by strong traction in high-speed interconnects, multi-gigabit PON access, Wi-Fi connectivity, ethernet, and wireless infrastructure, per CEO Kishore Seendripu

CUSTOMER ORDERS - Improved customer order rates and strengthening product backlog contributed to revenue growth

RETURN TO PROFITABILITY - Company returned to non-GAAP profitability and generated positive free cash flow, reflecting improved operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$108.81 mln
$104.90 mln (10 Analysts)
Q2 Adjusted EPS
Meet
$0.02
$0.02 (10 Analysts)
Q2 EPS
-$0.31
Q2 Net Income
-$26.59 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the semiconductors peer group is "buy."

Wall Street's median 12-month price target for Maxlinear Inc is $14.00, about 10.3% below its July 22 closing price of $15.44

The stock recently traded at 31 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nBw17sk1Ca

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)