MaxLinear advances after swing to profit in Q1, revenue beat

MaxLinear

24/04/2026 09:33

** ** Shares of U.S. chipmaker MaxLinear MXL.O jump 36% to $46.65 premarket

** Q1 revenue rose 43% yr/yr to $137.19 mln, beating estimates of $135 mln - data compiled by LSEG

** Q1 adj. profit at 22 cents, swinging from loss of 5 cents a year-ago and above estimates of 18 cents

** Infrastructure revenue rose 136% yr/yr in Q1, driven by production ramps and optical data center demand from hyperscaler customers

** Average recommendation of 11 analysts is a "hold"; the median PT is $27.75 - LSEG-compiled data

** Peers in the semiconductors group carry an average "buy" recommendation

** Stock trades at about 35 times forward 12-month earnings

** Shares are up 96.5% YTD, until last close

 (Reporting by Purvi Agarwal in Bengaluru)

 ((Purvi.Agarwal@thomsonreuters.com;))