MaxLinear Q3 revenue jumps 72% on AI data center demand
MXL•MaxLinear’s third-quarter revenue rose 72% year over year to $218.06 million, beating the $211.43 million analyst consensus. Infrastructure revenue surged 210%, and the company forecast fourth-quarter revenue of $240 million to $260 million.
1. Revenue and demand
MaxLinear reported third-quarter revenue of $218.06 million, up 72% year over year and above the $211.43 million consensus estimate. Adjusted earnings per share rose sharply from a year earlier. Infrastructure revenue surged 210%, which the company attributed to accelerated adoption of optical AI data center products and the ramp of its Keystone PAM4 DSP platform.
2. Fourth-quarter outlook
The company expects fourth-quarter revenue of $240 million to $260 million, non-GAAP gross margin of 59.0% to 62.0%, and non-GAAP operating expenses of $65 million to $70 million.
