MaxLinear (MXL), a provider of RF, analog, digital, and mixed-signal integrated circuits, saw its shares soar 21.41% in pre-market trading on Thursday following the release of its impressive second-quarter 2025 financial results. The company reported better-than-expected revenue and a return to profitability, sparking renewed investor confidence in its growth trajectory.

For the second quarter ending June 30, 2025, MaxLinear posted revenue of $108.813 million, marking an 18% increase year-over-year and surpassing the analyst consensus estimate of $104.9 million. The company also reported non-GAAP earnings per share of $0.02, meeting analyst expectations and representing a significant improvement from the $0.25 loss per share in the same period last year. This return to non-GAAP profitability underscores MaxLinear's successful efforts in operational efficiency and market positioning.

CEO Kishore Seendripu attributed the strong performance to growth in strategic markets, particularly in high-speed interconnects, multi-gigabit PON access, Wi-Fi connectivity, ethernet, and wireless infrastructure. Improved customer order rates and a strengthening product backlog also contributed to the revenue growth. Looking ahead, MaxLinear provided an optimistic outlook for the third quarter, projecting revenue between $115 million and $135 million. This combination of strong current results and positive future guidance has fueled the significant pre-market stock price increase, reflecting renewed investor optimism in MaxLinear's business prospects.