MaxLinear revenue rises 72% to $218.1 million as infrastructure sales grow 210%

MaxLinear, Inc., a maker of radio-frequency, analog and mixed-signal chips, reported third-quarter net revenue of $218.1 million, up 72% from a year earlier, in a results release dated October 22.

What happened

Revenue rose 29% from $168.8 million in the second quarter and 72% from $126.5 million in the third quarter of 2025. Its infrastructure business grew 210% from a year earlier, "reflecting accelerated adoption of optical AI data center products," the company said. GAAP gross margin was 58.7%, up 180 basis points from a year earlier, and non-GAAP gross margin was 60.0%.

GAAP operating margin was 13.9%, compared with negative 2.5% in the second quarter and negative 32.7% a year earlier. GAAP diluted earnings per share were $0.30, against a loss of $0.52, and non-GAAP diluted earnings per share were $0.62, against $0.14.

Chairman and Chief Executive Officer Kishore Seendripu said the results "underscore the significant growth inflection underway" and pointed to "the volume ramp of our Keystone PAM4 DSP platform" and customer activity around its Rushmore and Annapurna product families of 1.6T-capable optical and electrical products.

Outlook and financing

For the fourth quarter MaxLinear expects revenue of $240 million to $260 million, a GAAP gross margin of 58.0% to 61.0% and a non-GAAP gross margin of 59.0% to 62.0%. It also said it amended its credit agreement with Wells Fargo and other lenders to raise the revolving credit facility by $70 million to $200 million.

MaxLinear held a call at 1:30 p.m. Pacific time on October 22.