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Live: Will FedEx Crush Q4 Earnings Tonight After the Market Closes?
MaxLinear

MXL Q3 2025 Earnings

Reported Oct 23, 2025 at 4:05 PM ET · SEC Source

Q3 25 EPS

$0.14

BEAT +17.55%

Est. $0.12

Q3 25 Revenue

$126.5M

BEAT +1.44%

Est. $124.7M

vs S&P Since Q3 25

+399.3%

BEATING MARKET

MXL +407.6% vs S&P +8.3%

Market Reaction

Did MXL Beat Earnings? Q3 2025 Results

MaxLinear delivered a stronger-than-expected third quarter, posting non-GAAP diluted EPS of $0.14 against a consensus estimate of $0.12, a beat of 17.55%, while revenue of $126.46 million edged past the $124.66 million forecast and surged 55.9% year … Read more MaxLinear delivered a stronger-than-expected third quarter, posting non-GAAP diluted EPS of $0.14 against a consensus estimate of $0.12, a beat of 17.55%, while revenue of $126.46 million edged past the $124.66 million forecast and surged 55.9% year over year. The headline figures marked a sharp operational turnaround, with the company returning to non-GAAP profitability after reporting a $0.36 non-GAAP loss per share in the year-ago quarter, driven by 16% sequential revenue growth and disciplined cost control that held non-GAAP operating expenses to $59.55 million. Non-GAAP gross margin held steady at 59.1%, and non-GAAP operating income reached 12% of revenue, up from 7% in Q2 2025. On a GAAP basis, the company recorded a net loss of $0.52 per diluted share, weighed down by restructuring charges and acquisition-related costs tied to the terminated Silicon Motion merger. Management pointed to growing traction in data center optical interconnects and broadband access products as key demand drivers, and guided Q4 2025 revenue to $130 million to $140 million, signaling continued momentum heading into 2026.

Key Takeaways

  • • 56% year-over-year revenue growth and 16% sequential growth
  • • Non-GAAP operating margin expansion to 12% from 7% sequentially
  • • Non-GAAP gross margin held steady at 59.1%
  • • Positive free cash flow generation
  • • Revenue exceeded the mid-point of guidance
24/7 Wall St

MXL YoY Financials

Q3 2025 vs Q3 2024, source: SEC Filings

“Our third quarter results reflect strong sequential and year-over-year growth in our business. With solid execution, we again exceeded the mid-point of our revenue guidance, realized a strong sequential increase in our profitability on a non-GAAP basis, and generated positive free cash flow. Our focused investments in data center optical interconnects, wireless infrastructure, PON broadband access, Wi-Fi7, Ethernet and storage accelerator products are enabling us to lay the significant groundwork required for broadening customer traction, new and increased content opportunities, and sustained growth in 2026.”

— Kishore Seendripu, Q3 2025 Earnings Press Release

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