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 ( MXL ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $108.81 $104.90

Revenue mln mln (10

Analysts

)

Q2 Meet $0.02 $0.02

Adjusted (10

EPS Analysts

)

Q2 EPS -$0.31

Q2 Net -$26.59

Income 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 ( MXL ) 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:

(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.)