MaxLinear, Inc. (NASDAQ:MXL) reported its first-quarter results after Thursday’s closing bell, beating analyst estimates on the top and bottom lines.
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MaxLinear Q1 Details
MaxLinear reported quarterly adjusted earnings of 22 cents per share, which beat the Street estimate of 18 cents, according to Benzinga Pro data.
Quarterly revenue clocked in at $137.19 million, which beat the consensus estimate of $135 million.
“Q1 marks the start of a multi‑year growth phase for MaxLinear, led by accelerating momentum in optical data center connectivity,” said Kishore Seendripu, CEO of MaxLinear.
“Revenue grew 43% year over year, with infrastructure growing more than 130% to become our largest end market. This was driven primarily by strong execution and production ramps of our optical data center products at multiple hyperscale customers across scale-up and scale-out AI platforms,” Seendripu added.
Outlook: MaxLinear expects second-quarter revenue in a range of $160 million to $170 million, well ahead of the $137.45 million analyst estimate.
MXL Stock Price: According to data from Benzinga Pro, MaxLinear stock was up 27% to $43.52 in Thursday’s extended trading.
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