MaxLinear Q1 revenue rises 43%, beats analyst expectations

MaxLinear

23/04/2026 21:12

Overview

US integrated circuits maker's Q1 revenue rose 43% yr/yr, beating analyst expectations

Non-GAAP diluted EPS for Q1 returned to profit from loss a year ago

Outlook

MaxLinear expects Q2 net revenue of $160 mln to $170 mln

Company sees Q2 GAAP gross margin of 56% to 59% and non-GAAP gross margin of 58% to 61%

Result Drivers

OPTICAL DATA CENTER GROWTH - Co said infrastructure revenue rose 136% yr/yr, driven by strong demand and production ramps for optical data center products at hyperscale customers

INFLECTION POINT - Management said Q1 marked an inflection point in optical data center business, with a step function increase in revenues expected in Q2

NEW PRODUCT RAMPS - Co cited multiple high-value products entering meaningful production ramps and continued customer engagement in high-value markets

Company press release: ID:nBw2nDjbZa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$137.19 mln
$135 mln (10 Analysts)
Q1 Net Income
-$45.14 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 $25.00, about 26.2% below its April 22 closing price of $33.89

The stock recently traded at 36 times the next 12-month earnings vs. a P/E of 23 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)