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Integrated circuits provider MaxLinear beats Q2 revenue estimates

ReutersJul 23, 2025 8:26 PM


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

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