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MXL Q2 2025 Earnings
Reported Jul 23, 2025 at 4:09 PM ET · SEC Source
Q2 25 EPS
$0.02
BEAT +8.70%
Est. $0.02
Q2 25 Revenue
$108.8M
BEAT +3.70%
Est. $104.9M
vs S&P Since Q2 25
+358.5%
BEATING MARKET
MXL +374.1% vs S&P +15.6%
Market Reaction
Did MXL Beat Earnings? Q2 2025 Results
MaxLinear delivered a broad beat in Q2 2025, with revenue of $108.81 million clearing the consensus estimate of $104.94 million by 3.70% and rising 18.3% from the year-ago quarter, while non-GAAP diluted EPS of $0.02 edged past the $0.02 consensus by… Read more MaxLinear delivered a broad beat in Q2 2025, with revenue of $108.81 million clearing the consensus estimate of $104.94 million by 3.70% and rising 18.3% from the year-ago quarter, while non-GAAP diluted EPS of $0.02 edged past the $0.02 consensus by 8.70%, marking a return to non-GAAP profitability after a loss of $0.25 per share in Q2 2024. The clearest driver behind the improvement was operating expense discipline, with GAAP operating expenses falling to $86.14 million from $99.92 million in Q1, helping narrow the GAAP net loss to $26.59 million from $49.71 million the prior quarter. Cash generation also turned a corner, with $10.49 million in operating cash flow and free cash flow turning positive after a negative Q1. CEO Kishore Seendripu pointed to strengthening order rates and backlog across data center interconnects, PON access, and Wi-Fi as the foundation for continued growth, a view reflected in Q3 guidance calling for revenue of $115 million to $135 million; shares climbed roughly 10% following the report.
Key Takeaways
- • 13% sequential and 18% year-over-year revenue growth
- • Return to non-GAAP profitability and positive free cash flow
- • Strong customer and product traction in data center interconnects, PON access, Wi-Fi, ethernet, and wireless infrastructure
- • Improved customer order rates and strengthening product backlog
- • Operating expense discipline with non-GAAP opex declining sequentially
MXL YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“Our second quarter results reflect strong sequential and year-over-year growth in our business. With solid execution, we exceeded the mid-point of our revenue guidance, returned to profitability on a non-GAAP basis, and generated positive free cash flow in Q2. We have continued to drive strong customer and product traction in high-speed interconnects for the data center, multi-gigabit PON access, Wi-Fi connectivity, ethernet, and wireless infrastructure. Our success in these strategic end markets, coupled with improved customer order rates, and strengthening product backlog, give us confidence in our growth for 2025 and 2026.”
— Kishore Seendripu, Q2 2025 Earnings Press Release
MXL Earnings Trends
MXL vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MXL EPS Trend
Earnings per share: estimate vs actual
MXL Revenue Trend
Quarterly revenue: estimate vs actual
MXL Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.18 | $0.22 | +25.57% | $137.2M | +1.94% |
| Q4 25 BEAT FY | $0.18 | $0.19 | +6.26% | $136.4M | +1.21% |
| FY Full Year | $0.29 | $0.31 | +7.49% | $467.6M | +0.36% |
| Q3 25 BEAT | $0.12 | $0.14 | +17.55% | $126.5M | +1.44% |
| Q2 25 BEAT | $0.02 | $0.02 | +8.70% | $108.8M | +3.70% |