MaxLinear Q2 revenue beats estimates on optical AI data center demand

MaxLinear

23/07/2026 21:18

    

    Overview
  
US chipmaker's Q2 revenue rose 55% yr/yr, beating analyst expectations
Adjusted EPS for Q2 was $0.02; too few estimates to assess consensus
Infrastructure revenue grew 145% yr/yr on strong optical AI data center demand

    

    Outlook
  
MaxLinear expects Q3 2026 revenue between $210 mln and $220 mln
Company sees Q3 2026 non-GAAP gross margin of 58.5% to 61.5%
Company expects continued momentum in optical AI data center business to drive growth

    

    Result Drivers
  
OPTICAL DATA CENTER DEMAND - Co said infrastructure revenue rose 145% yr/yr due to accelerated adoption of optical AI data center products
KEYSTONE PLATFORM RAMP - Management attributed momentum to the ramp of Keystone PAM4 DSP platform for 800G applications

    
Company press release: ID:nBw8SmLc4a

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 Revenue
Beat
$168.85 mln
$164.70 mln (10 Analysts)
Q2 EPS
 
$0.02
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "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 $67.00, about 22.8% below its July 22 closing price of $86.80
The stock recently traded at 52 times the next 12-month earnings vs. a P/E of 19 three months ago

    

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(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.)