MaxLinear Inc

Latest Results (11.10.2025):

MaxLinear Inc reported strong financial performance for the second quarter of 2025, showcasing significant revenue growth and a return to non-GAAP profitability. The company also achieved positive free cash flow, reflecting improved operational efficiency and robust market demand.

Revenue Growth

MaxLinear Inc achieved net revenue of $108.8 million in Q2 2025, representing a 13% increase sequentially and an 18% rise year over year. This growth exceeded the mid-point of the company's revenue guidance, driven by strong customer and product traction in key strategic markets.

Improved Profitability

The company returned to non-GAAP profitability with a gross margin of 59.1% and non-GAAP income from operations at 7% of net revenue. On a GAAP basis, the gross margin improved to 56.5%, and the GAAP loss from operations narrowed to 23% of net revenue, compared to 48% in the previous quarter.

Positive Cash Flow

MaxLinear Inc generated positive free cash flow in Q2 2025, with net cash flow provided by operating activities totaling $10.5 million. This marks a significant turnaround from the net cash flow used in operating activities in the prior quarters.

Earnings Per Share

On a non-GAAP basis, diluted earnings per share were $0.02, compared to a loss of $0.05 in the prior quarter and $0.25 in the same quarter last year. GAAP diluted loss per share also improved to $0.31 from $0.58 in the previous quarter.

Third Quarter Outlook

For Q3 2025, MaxLinear Inc anticipates net revenue between $115 million and $135 million. The company expects continued improvement in gross margins and operating expenses, further strengthening its financial position and supporting ongoing growth initiatives.