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