MaxLinear (MXL) shares surged 21.08% in after-hours trading following the release of its second-quarter 2025 financial results, which exceeded analyst expectations and signaled a return to profitability. The integrated circuits provider reported a significant improvement in its financial performance, driven by strong growth in strategic markets and improved customer demand.
The company announced Q2 revenue of $108.813 million, representing an 18% increase year-over-year and surpassing the analyst consensus estimate of $104.9 million. MaxLinear also reported non-GAAP earnings per share of $0.02, meeting analyst expectations and marking a substantial improvement from the $0.25 loss per share in the same period last year. This return to non-GAAP profitability highlights the company's successful efforts in operational efficiency and market positioning.
CEO Kishore Seendripu attributed the strong performance to growth in high-speed interconnects and other strategic markets, improved customer order rates, and a strengthening product backlog. The positive momentum is expected to continue, with MaxLinear providing an optimistic outlook for the third quarter. The company projects Q3 2025 revenue between $115 million and $135 million, further boosting investor confidence in its growth trajectory. This combination of strong current results and positive future guidance has likely fueled the significant after-hours stock price increase.