Loading...
•
Sep 30
MaxLinear Q3 2025 Earnings Report
MaxLinear announced its financial results for the third quarter ended September 30, 2025, reporting strong sequential and year-over-year revenue growth and positive non-GAAP profitability.
Key Takeaways
MaxLinear delivered a strong third quarter, with net revenue reaching $126.5 million, marking a 56% increase year-over-year. The company achieved positive non-GAAP diluted earnings per share of $0.14 and generated positive net cash flow from operating activities of $10.1 million, exceeding its revenue guidance.
Net revenue for Q3 2025 was $126.5 million, a 56% increase compared to the same quarter last year.
GAAP diluted loss per share was $0.52, while non-GAAP diluted earnings per share was $0.14.
GAAP gross margin improved to 56.9%, and non-GAAP gross margin remained strong at 59.1%.
The company generated $10.1 million in net cash flow from operating activities during the quarter.
MaxLinear
MaxLinear
Forward Guidance
For the fourth quarter of 2025, MaxLinear anticipates net revenue between $130 million and $140 million, with GAAP gross margin ranging from 56.0% to 59.0% and non-GAAP gross margin between 58.0% and 61.0%.
Positive Outlook
- Expected sequential revenue growth, with a midpoint of $135 million.
- Anticipated non-GAAP gross margin of 58.0% to 61.0%, indicating continued strong profitability.
- Non-GAAP operating expenses are projected to be lower than GAAP, reflecting efficient cost management.
- Continued focus on strategic investments in key growth areas like data center optical interconnects and wireless infrastructure.
- Management expects to broaden customer traction and secure new content opportunities in 2026.
Challenges Ahead
- GAAP operating expenses are projected to be high, between $92 million and $98 million.
- GAAP interest and other expense is expected to be between $2.2 million and $2.8 million.
- The company expects a GAAP income tax provision of $2.5 million.
- Uncertainty regarding the impact of global economic conditions and intense competition.
- Potential risks related to legal proceedings and intellectual property infringement claims.