MXL

It has been about a month since the last earnings report for NXP Semiconductors (NXPI). Shares have lost about 7.4% in that time frame, underperforming the S&P 500. But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is NXP due for a breakout? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent catalysts for NXP Semiconductors N.V. before we dive into how investors and analysts have reacted as of late. NXP Semiconductors N.V. reported better-than-expected second-quarter 2026 results, driven by broad-based strength across its end markets, accelerating adoption of software-defined vehicles, industrial processing solutions and growing demand from AI data center infrastructure. The company’s second-quarter non-GAAP earnings of $3.61 per share increased 32.7% year over year and surpassed the Zacks Consensus Estimate of $3.54 by 1.98%. Revenues increased 19.5% year over year to $3.50 billion, topping the consensus estimate by 0.8%. Automotive remained NXPI's largest business, generating $1.94 billion in revenues, up 12% year over year. Growth was fueled by continued momentum in software-defined vehicles, electrification and connectivity, with accelerating design wins for the S32 processor family and next-generation Ethernet switches. Industrial & IoT revenues rose 38% year over year to $755 million, benefiting from strong adoption of i.MX, RT and MCX processing platforms across factory automation and industrial applications. Communication Infrastructure & Other revenues climbed 41% year over year to $452 million, supported by increasing data center networking demand and continued ramp-ups of UCODE RFID products. Mobile revenues totaled $351 million, up 6% year over year, reflecting stable demand for secure mobile transaction solutions despite normal seasonal trends. Management highlighted AI as an increasingly important long-term growth driver, noting that AI workloads are moving beyond cloud infrastructure into vehicles, factories and robotics markets where NXP already maintains leadership positions. The company reiterated that its 2026 data center revenues are expected to exceed $500 million compared with roughly $200 million in 2025. Growth is being driven by demand for control-plane processors, networking, rack management, cooling, power management and security applications used in hyperscale AI infrastructure. Non-GAAP gross profit increased to $2.03 billion, while non-GAAP gross margin expanded 150 basis points year over year to 58.0%. Non-GAAP operating income rose 31% year over year to $1.23 billion, with operating margin improving 310 basis points to 35.1%, reflecting favorable product mix and higher operating leverage. NXP generated $860 million in operating cash flow during the quarter. Net capital expenditures totaled $69 million, resulting in non-GAAP free cash flow of $791 million, representing 22.6% of revenues. The company returned $360 million to shareholders during the quarter through $256 million in dividends and $104 million in share repurchases. Following quarter-end, NXP repurchased an additional $32 million of shares under its 10b5-1 program. The company also repaid $750 million of senior unsecured notes using available cash. For the third quarter of 2026, NXP expects revenues between $3.65 billion and $3.85 billion. At the midpoint, revenues of $3.75 billion imply 7% sequential growth and 18% year-over-year growth. The company projects non-GAAP gross margin of 58.5% at the midpoint, and non-GAAP earnings per share of $4.11, indicating continued operating leverage as demand strengthens across its key markets. In the past month, investors have witnessed a upward trend in estimates revision. At this time, NXP has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock has a score of C on the value side, putting it in the middle 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, NXP has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. NXP belongs to the Zacks Semiconductor - Analog and Mixed industry. Another stock from the same industry, MaxLinear (MXL), has gained 10% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. MaxLinear reported revenues of $168.85 million in the last reported quarter, representing a year-over-year change of +55.2%. EPS of $0.35 for the same period compares with $0.02 a year ago. MaxLinear is expected to post earnings of $0.56 per share for the current quarter, representing a year-over-year change of +300%. Over the last 30 days, the Zacks Consensus Estimate remained unchanged. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for MaxLinear. Also, the stock has a VGM Score of C. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NXP Semiconductors N.V. (NXPI) : Free Stock Analysis Report MaxLinear, Inc (MXL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. MaxLinear, ticker NasdaqGS:MXL, reported strong quarterly earnings that marked a return to profitability. Revenue growth was driven largely by the company's optical AI data center business. Management pointed to continued demand in optical artificial intelligence data centers as a key earnings driver. MaxLinear enters this earnings report with its share price at $71.59 and a very large year to date return of 286.8%. Over the past year, the stock is up 337.6%, while the three year return is 187.7% and the five year return is 48.4%. The recent quarter adds fresh information about how the business is performing after that strong share price run. The latest results highlight how important the optical AI data center segment has become to MaxLinear's overall story. For investors, the focus now shifts to whether this demand in AI related infrastructure remains a meaningful contributor to future earnings and cash flows, and how the company balances that growth with execution risks in a fast moving market. Stay updated on the most important news stories for MaxLinear by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on MaxLinear. See which insiders are buying and buying and selling MaxLinear following this latest news. For investors watching MaxLinear, the latest quarter shows why the stock has attracted so much attention. Revenue for the second quarter came in at US$168.85 million, compared with US$108.81 million a year earlier, and the company moved from a net loss of US$26.59 million to a net income of US$1.76 million. That shift back into profitability, alongside adjusted earnings of US$0.35 per share versus a US$0.33 consensus, underlines how central the optical AI data center business has become to the story. Guidance for third quarter 2026 revenue of US$210 million to US$220 million indicates that management expects this momentum to continue within the year, which is the kind of visibility that can influence institutional positioning and shorter term investor sentiment. The strong AI focused optical data center revenue in this report aligns with the narrative that MaxLinear is increasingly tied to data and AI infrastructure spending rather than only broadband recovery. The reliance on a single growth engine, AI driven optical interconnects, also highlights the concentration risk discussed in the narrative around maturing broadband and cyclical infrastructure spending. The update on completed share repurchases and the absence of buybacks in the latest quarter are not a central feature of the existing narrative, yet they affect how capital allocation and future earnings per share are perceived. Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for MaxLinear to help decide what it's worth to you. ⚠️ Analysts point to high sensitivity to AI related expectations, so any slowdown in optical data center spending could affect how MaxLinear is priced, especially with intense competition from larger players such as Broadcom and Marvell Technology. ⚠️ The stock has been highly volatile over the past 3 months compared with the wider US market, which can increase the risk for investors with shorter holding periods. 🎁 Earnings are currently supported by clear demand in AI oriented infrastructure, and recent quarters show revenue growth aligned with that theme. 🎁 Analysts highlight that revenue and earnings are growing, which supports the view that MaxLinear is participating in a broader build out of high speed connectivity for AI workloads. From here, investors in MaxLinear may want to track whether reported revenue stays within or above the US$210 million to US$220 million guidance band in the next quarter, and how much of that continues to come from optical AI data center projects. Monitoring order trends from major cloud and data center customers, as well as commentary on pricing and competition from large semiconductor companies, can help you judge how durable this earnings profile is. It is also worth watching capital allocation choices, including any restart of share repurchases, and how management describes demand beyond AI focused infrastructure, such as broadband and wireless, to see whether the growth story broadens out. To ensure you're always in the loop on how the latest news impacts the investment narrative for MaxLinear, head to the community page for MaxLinear to never miss an update on the top community narratives. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include MXL. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Revenue growth of 55% year-on-year reflects a fundamental inflection point driven by the rapid adoption of Keystone 5nm CMOS PAM4 DSP technology. Infrastructure has become the company's largest revenue category, growing 145% year-on-year due to robust production ramps in optical data center platforms. Management attributes the success of Keystone to its 40% lower power consumption compared to competitors, establishing a foundation for multi-generational customer engagements. Strategic positioning has expanded beyond DSPs to include a comprehensive portfolio of TIAs, drivers, and retimers supporting diverse AI architectures like LPO and CPO. Broadband and connectivity segments returned to growth, supported by fiber PON and Wi-Fi 7 gateway deployments at Tier 1 service providers in North America and Europe. Operational execution was bolstered by strong foundry and OSAT partnerships, which enabled the company to meet surging demand despite tight supply conditions for advanced nodes. Management raised 2026 optical data center revenue expectations to between $210 million and $230 million based on robust customer orders and rising program visibility. The 1.6 terabit Rushmore platform is expected to become a primary growth driver beginning in 2027, layering on top of the ongoing Keystone ramp. Initial revenues from the Annapurna retimer and Washington TIA platforms are projected for 2027, with meaningful volume ramps anticipated in 2028. Q3 2026 non-GAAP gross margin is forecasted at 60% at the midpoint, driven by a favorable product mix shift toward high-margin infrastructure solutions. Visibility currently extends approximately 6 months across most business lines, providing confidence in the sustained growth trajectory into 2027. The company returned to positive GAAP profitability in Q2 2026, reporting GAAP EPS of $0.02. Substantial wafer prepayments were made in Q2 to secure supply for rising data center demand and increasing order backlogs through early 2027. Management noted rising input costs, including wafer, packaging, and test expenses, which are being managed through selective price pass-throughs to customers. Design wins for XGS-PON in data center control planes and USB bridge controllers at major hyperscalers represent a broadening of the data center footprint beyond core optical products. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. The increase is entirely driven by the Keystone product family, specifically the transition from 400-gig to 800-gigabit PAM4 success. Growth is coming from both market expansion and market share gains as more customer qualifications move into high-volume production. Keystone has established a footprint with all major optical module players, simplifying the design-in process for the next-generation 1.6T Rushmore. Rushmore offers significant power and performance advantages and provides customers with unique supply chain diversification. Management has not seen a tangible impact on volumes as their integrated solutions require less external memory than competing platforms. While customers are absorbing higher memory costs, it has not altered the rollout schedules for major service provider programs. The 65% target remains the long-term goal, supported by the infrastructure business growing faster than other segments. Current margins are slightly ahead of schedule, though management remains cautious due to ongoing premiums paid for expedited supply and rising foundry costs.

This article first appeared on GuruFocus. Total Revenue: $168.8 million, up 23% from the previous quarter and up 55% year-on-year. Infrastructure Revenue: Approximately $85 million. Broadband Revenue: Approximately $45 million. Connectivity Revenue: Approximately $24 million. Industrial and Multimarket Revenue: Approximately $15 million. GAAP Gross Margin: 57.8% of revenue. Non-GAAP Gross Margin: 59.5% of revenue. GAAP Operating Expenses: $101.8 million. Non-GAAP Operating Expenses: $62.8 million. GAAP EPS: $0.02 per share. Non-GAAP EPS: $0.35 per share. Net Cash Flow from Operating Activities: Approximately $4.8 million. Cash, Cash Equivalents, and Restricted Cash: Approximately $93.7 million. Days Sales Outstanding: Approximately 28 days. Days of Inventory: Reduced from 128 days to 123 days. Warning! GuruFocus has detected 2 Warning Sign with MXL. Is MXL fairly valued? Test your thesis with our free DCF calculator. Release Date: July 23, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MaxLinear Inc (NASDAQ:MXL) reported a 55% year-on-year revenue growth, highlighting strong execution and adoption of new data center products. The company returned to positive GAAP EPS of $0.02, indicating improved profitability. Infrastructure revenue grew 145% year-on-year, driven by robust production ramps and optical data center platforms. MaxLinear Inc (NASDAQ:MXL) raised its expectations for 2026 optical data center revenue to be between $210 million to $230 million. The company is forecasting a Q3 2026 non-GAAP gross margin of 60% at the midpoint of its guidance range, reflecting a favorable product mix shift. The company faces risks and uncertainties, including those outlined in its recent SEC filings. GAAP operating expenses for Q2 were high at $101.8 million, compared to non-GAAP operating expenses of $62.8 million. The delta between GAAP and non-GAAP gross margin was primarily driven by $2.5 million of acquisition-related intangible asset amortization. MaxLinear Inc (NASDAQ:MXL) has substantial prepayments for wafers, indicating potential supply chain constraints. The company is cautious about input cost increases, including wafer and packaging test costs, which could impact margins. Q: You raised the optical transceiver revenue by more than $50 million for this year. Could you talk about what's driving that and the regional nature of it? A: The growth is driven by our 800 gigabit PAM4 success, which will continue into 2027. We are seeing traction and revenue growth across both the US and Asia with hyperscalers and Tier 1 data center customers. Q: Regarding the products you're sampling, like Washington and Annapurna, should the ramp be mainly in 2028, or could it start in 2027? A: We expect revenue to start generating in 2027, with ramps beginning in the second half of the year and continuing into 2028 and 2029. Q: Is the increase in optical outlook all driven by Keystone, or does it include Washington or Annapurna revenue in 2026? A: The increase is driven entirely by the Keystone product family. Q: Can you talk about the visibility you have for the order trends into the second half? A: Visibility is very good, extending about six months, which gives us confidence in raising our numbers. Q: Could you discuss the wafer prepayments and expectations for Q3? A: We have started to prepay to secure wafers for increasing demand, and this will continue next quarter. Our gross margins are improving due to a favorable product mix, despite some input cost increases. Q: How should we think about the revenue run rate of optical in the second half as we look into 2027? A: We expect continued improvement as more customer qualifications are completed and production volumes increase, setting expectations for 2027. Q: Can you discuss the mix of revenue on fiber today and whether it will surpass cable broadband in 2027? A: The PON business is growing nicely, and while it's hard to say exactly when the crossover will occur, it might happen in 2027 or 2028. Q: Could you explain the difference between the increase in purchase obligations and another obligation item? A: The majority of the increase is due to prepayments for supporting growth in Q4 and into Q1, with some payroll accruals related to stock price increases. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

MaxLinear, Inc. MXL used its second-quarter 2026 earnings call to highlight accelerating momentum in optical AI data center products, with management pointing to stronger demand, expanding customer engagements and a broader infrastructure portfolio. The company raised expectations for optical data center revenue while outlining new product ramps aimed at future AI infrastructure architectures. Management also discussed improving profitability and operating leverage. CEO Kishore Seendripu said MaxLinear’s infrastructure business has become the company’s largest revenue category, driven by production ramps of optical data center products. Infrastructure revenues increased 145% year over year in the second quarter. Seendripu highlighted the Keystone PAM4 DSP platform as a key growth driver, with the product supporting 400G and 800G optical deployments at major hyperscale customers. He noted that Keystone’s power performance has helped support customer adoption. The company raised its 2026 optical data center revenue outlook to $210 million to $230 million, citing stronger customer orders and improved visibility into production ramps. MaxLinear discussed several products positioned for future AI infrastructure needs, including Rushmore, Washington and Annapurna. Management said these platforms are designed for higher-speed optical and electrical connectivity applications. Seendripu said Rushmore, a 1.6-terabit optical PAM4 DSP platform, is expected to begin contributing revenues in 2027. The company also expects Washington and Annapurna products to begin initial revenue contributions in 2027 before broader ramps. The broader portfolio expansion includes solutions targeting pluggable optics, LPO, LRO, NPO, CPO and active electrical cable applications, giving MaxLinear additional exposure to evolving AI data center architectures. MaxLinear reported second-quarter revenues of $168.8 million, up 55% year over year and 23% sequentially. Revenues beat the Zacks Consensus Estimate of $165 million. Non-GAAP EPS was 35 cents, ahead of the Zacks Consensus Estimate of 33 cents. MaxLinear, Inc price-consensus-eps-surprise-chart | MaxLinear, Inc Quote Chief financial officer Steven Litchfield said the company’s infrastructure mix helped drive higher profitability. Non-GAAP gross margin was 59.5%, while non-GAAP operating margin reached 22.3%. For the third quarter of 2026, MaxLinear guided revenues of $210 million to $220 million. It expects non-GAAP gross margin of 58.5% to 61.5%. Management said broadband and connectivity markets also delivered growth during the quarter. The company cited deployments of fiber PON and Wi-Fi 7 gateway platforms with major service providers. Litchfield said MaxLinear continues to gain share in PON programs and expects broadband activity to remain supported by customer rollouts. He added that DOCSIS upgrades are also progressing. Outside data centers, the company highlighted opportunities in edge AI-driven upgrades, 5G wireless infrastructure and storage acceleration products. A Stifel analyst asked about the increase in optical revenue expectations and the drivers behind the stronger outlook. Management said growth is increasingly coming from 800G PAM4 adoption, with customer activity spanning U.S. and Asia markets. A Benchmark analyst questioned order visibility and supply commitments. Litchfield said visibility extends about six months and that wafer prepayments are supporting customer demand backed by production needs. A Needham analyst asked about Rushmore qualification activity. Seendripu said Keystone has established a customer foundation that can support future 1.6-terabit product adoption. MaxLinear management emphasized improving operating leverage as infrastructure revenues grow. Litchfield said the company remains focused on progressing toward its long-term goal of 30% to 35% operating margins. The company ended the quarter with $93.7 million in cash, cash equivalents and restricted cash, while operating cash flow was approximately $4.8 million. Management’s outlook centered on continued product ramps, higher-speed connectivity opportunities and expanding participation in AI infrastructure markets over the next several years. MaxLinear currently carries a Zacks Rank #3 (Hold). The Zacks Rank focuses on earnings estimate revisions and is designed to help indicate stocks with stronger potential performance over a one-to-three-month period. The rank can change as analysts update earnings estimates following new company information. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The company has a Value Score of F, Growth Score of A, Momentum Score of F and VGM Score of C. Zacks Style Scores range from A to F, with stronger scores reflecting more favorable characteristics for the related investment style. The Style Scores are intended to complement the Zacks Rank. Zacks notes that stocks with stronger Rank combinations and favorable Style Scores have historically shown better performance characteristics, while individual scores should be viewed alongside the broader Zacks Rank framework. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MaxLinear, Inc (MXL) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

MaxLinear (MXL) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +6.06%. A quarter ago, it was expected that this chipmaker would post earnings of $0.18 per share when it actually produced earnings of $0.22, delivering a surprise of +22.22%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. MaxLinear, which belongs to the Zacks Semiconductor - Analog and Mixed industry, posted revenues of $168.85 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.33%. This compares to year-ago revenues of $108.81 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. MaxLinear shares have added about 398% since the beginning of the year versus the S&P 500's gain of 9.6%. While MaxLinear has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for MaxLinear was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.36 on $171.6 million in revenues for the coming quarter and $1.30 on $651.83 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Semiconductor - Analog and Mixed is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, ON Semiconductor Corp. (ON), has yet to report results for the quarter ended June 2026. The results are expected to be released on August 3. This semiconductor components maker is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +35.9%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level. ON Semiconductor Corp.'s revenues are expected to be $1.59 billion, up 8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MaxLinear, Inc (MXL) : Free Stock Analysis Report ON Semiconductor Corporation (ON) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Q2 net revenue of $168.8 million, up 23% sequentially and up 55% year over year Infrastructure business up 145% year over year reflecting accelerated adoption of optical AI data center products CARLSBAD, Calif., July 23, 2026--(BUSINESS WIRE)--MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the second quarter ended June 30, 2026. Second Quarter Financial Summary ($ in thousands, except per share amounts) Management Commentary "Q2 results underscore the ongoing significant inflection in MaxLinear’s overall business as we delivered 55% year-over-year revenue growth, including 145% growth year over year in our data center-oriented infrastructure revenue," said Kishore Seendripu, Chairman and Chief Executive Officer of MaxLinear. "The strong momentum in our optical AI data center business reflects the ramp of our Keystone PAM4 DSP platform for 800G applications, as well as the strength of our expanding infrastructure portfolio and roadmap for 1.6T- capable products. With the convergence of multiple growth drivers over the next two years, and with our continued focus on innovation, operational excellence, and disciplined execution, we believe MaxLinear is well-positioned to deliver sustained growth, expanding profitability, and long-term value for our shareholders." Third Quarter 2026 Business Outlook The Company estimates the following (in millions): Webcast and Conference Call MaxLinear will host its second quarter financial results conference call today, July 23, 2026 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). To access this call, dial US toll free: 1-877-407-3109 / International: 1-201-493-6798. A live webcast of the conference call will be accessible from the investor relations section of the MaxLinear website at https://investors.maxlinear.com and will be archived and available after the call at https://investors.maxlinear.com until August 6, 2026. A replay of the conference call will also be available until August 6, 2026 by dialing US toll free: 1-877-660-6853 / International: 1-201-612-7415 and Conference ID#: 13761549. Cautionary Note Concerning Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "target," "seek," "may," "should," "will" and similar references to future periods. Forward-looking statements include, among others, statements concerning our future financial performance (including our current guidance for third quarter 2026, including net revenue and GAAP and non-GAAP amounts for each of the following: gross margins, operating expenses, interest and other expenses, income tax provision (benefit), and diluted share counts); the start of a multi-year growth phase and our potential for sustained growth and increasing profitability in 2026 and beyond; statements regarding an inflection point in, and anticipated step-function or accelerating revenue growth from, our optical data center and infrastructure businesses; statements regarding the momentum, traction, and production ramps of our optical data center and other connectivity products, including at hyperscale customers and across scale-up and scale-out AI platforms; statements regarding the ramp of our Keystone PAM4 DSP platform for 800G applications and the development, roadmap, and anticipated availability of our 1.6T-capable products; statements regarding momentum and improving visibility throughout our portfolio; statements regarding continued customer engagement and demand in high-value markets; statements relating to the timing of new products ramping into production; statements related to new and increased products; settlement of bonus awards for our 2026 performance period; statements related to growth trends in the markets in which we operate; and statements by our Chairman and CEO. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements and our future financial performance and operating results forecasts generally. Forward-looking statements are based on management’s current, preliminary expectations and are subject to various risks and uncertainties. In particular, our future operating results are substantially dependent on our assumptions about market trends and conditions. Additional risks and uncertainties affecting our business, future operating results and financial condition include, without limitation, risks relating to: our dependence on the ramp of our optical data center and related connectivity products and the concentration of our anticipated growth in a limited number of hyperscale customers and scale-up and scale-out AI-platform programs, and the risk that adoption, program timing, qualification, or demand for AI and data center infrastructure does not develop or continue as anticipated; our terminated merger with Silicon Motion and related arbitration and class action complaint and the risks related to potential payment of damages; the effect of intense and increasing competition; increased tariffs, export controls or imposition of additional trade barriers; impacts of global economic conditions; the cyclical nature of the semiconductor industry; a significant variance in our operating results and impact on volatility in our stock price, and our ability to sustain our current level of revenue, which has previously declined, and/or manage future growth effectively; escalating trade wars, military conflicts and other geopolitical and economic tensions among the countries in which we conduct business; international geopolitical and military conflicts; our ability to obtain or retain government authorization to export certain of our products or technology; the loss of, or a significant reduction in orders from major customers; legal proceedings or potential violations of regulations; information technology failures; a decrease in the average selling prices of our products; failure to penetrate new applications and markets; development delays and consolidation trends in our industry; inability to make substantial and productive research and development investments; delays or expenses caused by undetected defects or bugs in our products; substantial quarterly and annual fluctuations in our revenue and operating results; failure to timely develop and introduce new or enhanced products; order and shipment uncertainties and differences between our estimates of customer demand and product mix and our actual results; failure to accurately predict our future revenue and appropriately budget expenses; lengthy and expensive customer qualification processes; customer product plan cancellations; failure to maintain compliance with government regulations; failure to attract and retain qualified personnel; any adverse impact of rising interest rates on us, our customers, and our distributors and related demand; risks related to compliance with privacy, data protection and cybersecurity laws and regulations; risks related to conforming our products to industry standards; risks related to business acquisitions and investments; claims of intellectual property infringement; our ability to protect our intellectual property; security vulnerabilities of our products; use of open source software in our products; failure to manage our relationships with, or negative impacts from, third parties; and future decisions relating to our stock repurchase program. In addition to these risks and uncertainties, investors should review the risks and uncertainties contained in our filings with the Securities and Exchange Commission (SEC), including the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and our Current Reports on Form 8-K, as updated (if applicable) in MaxLinear's Quarterly Report on Form 10-Q for the quarter ended June 30, 2026. All forward-looking statements are based on the estimates, projections and assumptions of management as of July 23, 2026, and MaxLinear is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. Use of Non-GAAP Financial Measures To supplement our unaudited consolidated financial statements presented on a basis consistent with GAAP, we disclose certain non-GAAP financial measures, including, but not limited to, non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP operating expenses as a percentage of net revenue, non-GAAP income (loss) from operations, non-GAAP income (loss) from operations as percentage of revenue, non-GAAP income (loss) before income taxes, non-GAAP interest and other income (expense), non-GAAP income tax provision (benefit), non-GAAP net income (loss), non-GAAP basic and diluted earnings or income (loss) per share, and non-GAAP diluted share count. These supplemental measures exclude the effects of (i) stock-based compensation expense; (ii) accruals related to our performance-based bonus plan for 2026, which we intend to settle in shares of our common stock; (iii) accruals related to our performance-based bonus plan for 2025, which we settled in shares of common stock in February 2026; (iv) amortization of purchased intangible assets; (v) research and development funded by others; (vi) acquisition and integration costs related to our acquisitions, if any, including costs incurred related to the termination of the previously pending (now terminated) merger with Silicon Motion; (vii) impairment losses, if any; (viii) severance and other restructuring charges; (ix) other non-recurring interest and other income (expenses), net, attributable to acquisitions; and (x) non-cash income tax benefits and expenses. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for the comparable GAAP financial measures. Non-GAAP financial measures are subject to limitations and should be read only in conjunction with the company’s consolidated financial statements prepared in accordance with GAAP. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. We compensate for the limitations of non-GAAP financial measures by relying upon GAAP results to gain a complete picture of our performance. We believe that non-GAAP financial measures can provide useful information to both management and investors by excluding certain non-cash and other one-time expenses that we believe are not indicative of our core operating results. Among other uses, our management uses non-GAAP measures to compare our performance relative to forecasts and strategic plans and to benchmark our performance externally against competitors. In addition, management’s incentive compensation will be determined in part using these non-GAAP measures because we believe non-GAAP measures better reflect our core operating performance. The following are explanations of each type of adjustment that we incorporate into non-GAAP financial measures: Stock-based compensation expense relates to equity incentive awards granted to our employees, directors, and consultants. Our equity incentive plans are important components of our employee incentive compensation arrangements and are reflected as expenses in our GAAP results. Stock-based compensation expense has been and will continue to be a significant recurring expense for MaxLinear. While we include the dilutive impact of equity awards in weighted average shares outstanding, the expense associated with stock-based awards reflects a non-cash charge that we exclude from non-GAAP net income or loss. Performance-based equity consists of accruals related to our executive and non-executive bonus programs and have been excluded from our non-GAAP net income or loss for all periods reported. Bonus payments for the 2025 performance periods were settled through the issuance of shares of common stock under our equity incentive plans in February 2026. We currently expect that a substantial portion of bonus awards under our fiscal 2026 program will be settled in common stock in the first quarter of fiscal 2027. Expenses incurred in relation to acquisitions and other include amortization of purchased intangible assets resulting from acquisitions, acquisition and integration costs primarily consisting of professional and consulting fees, including costs incurred related to the termination of the previously pending (now terminated) merger with Silicon Motion, and professional fees and expenses incurred in relation to our intellectual property litigation. Research and development funded by others represents proceeds received under contracts for jointly funded R&D projects to develop technology that may be commercialized into a product in the future. Initially such proceeds may not yet be recognized in GAAP results if, pursuant to contract terms, the Company may be required to repay all or a portion of the funds provided by the other party under certain conditions. Management believes it is not probable that it will trigger such conditions. Once such conditions have been resolved, the proceeds are recognized in GAAP results, and accordingly, reversed from non-GAAP results. Restructuring charges incurred are related to our restructuring plans which eliminate redundancies and primarily include severance and restructuring costs related to impairment of leased right-of-use assets or from exiting certain facilities and cancellation of contracts. Other expense includes accretion of discounts on obligations recorded as a result of abandoned leased facilities for which we continue to be obligated to pay but from which we will receive no future benefit. Income tax benefits and expense adjustments are those that do not affect cash income taxes payable. Reconciliations of non-GAAP measures for the historic periods disclosed in this press release appear below. Because of the inherent uncertainty associated with our ability to project future charges, we are also unable to predict their probable significance, particularly related to stock-based compensation and its related tax effects as well as potential impairments, a quantitative reconciliation is not available without unreasonable efforts and accordingly, in reliance on the exception provided by Item 10(e)(1)(i)(B) of Regulation S-K, we have not provided a reconciliation for non-GAAP guidance provided for the third quarter 2026. About MaxLinear, Inc. MaxLinear, Inc. (Nasdaq:MXL) is a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. MaxLinear is headquartered in Carlsbad, California. For more information, please visit www.maxlinear.com. MXL is MaxLinear’s registered trademark. Other trademarks appearing herein are the property of their respective owners. View source version on businesswire.com: https://www.businesswire.com/news/home/20260723958197/en/ Contacts MaxLinear, Inc. Investor Relations Contact: Leslie [email protected]

(Bloomberg) -- Intel Corp. is expected to report strong second-quarter earnings after the market close Thursday, but even blowout results likely won’t be enough to reverse the stock’s July slide. Most Read from Bloomberg Retina Chip Designed to Restore Sight to Go on Sale in Europe Hegseth Turns to UNC, Virginia Tech After Dropping Ivy League Apple Plans Overhaul of MacBooks, iMac in Push to Meet AI Demand Trump’s 100% Generic Drug Duty Threatens US Low-Cost Supply Apple to Launch ‘Upgrade’ Device Leasing Program With Klarna to Spur Sales The shares are down 27% this month, putting them among the 10 worst performers in the S&P 500 Index, after soaring 278% in the first half for the third-best performance in the broad equities benchmark. The move comes as investors are suddenly selling this year’s winners and souring on chipmakers in particular. The Philadelphia Stock Exchange Semiconductor Index, or SOX, has lost 13% this month and briefly sank into a bear market last week before recovering somewhat. “How investors feel about the semiconductor space is going to call what Intel does here more than what Intel tells you,” said Matt Bryson of Wedbush Securities. “The stock move has been more of a sentiment shift necessarily than being supported by kind of real shifts in earnings power.” Wall Street expects Intel to post a 12% increase in second-quarter revenue to $14.4 billion and earnings of 12 cents per share, reversing a loss of 67 cents a year ago. Gross margins are projected to be about 39%, up from nearly 30% in the same quarter last year. “It’s not that Intel hasn’t gotten better,” Bryson said. “Just it hasn’t gotten better at the same rate that the stock has gotten better.” Intel shares have gained 178% in 2026, putting them on pace for their best year ever in data going back to 1983. That’s the second-strongest showing in the SOX, which has risen 75% this year and is heading for its best annual performance since 2003. The stock took off in early April and kept running, eventually eclipsing its dot-com era high, as the company joined Elon Musk’s Terafab project, issued a blockbuster forecast and President Donald Trump touted a deal with Apple Inc. to design and produce chips in the US. But enthusiasm for semiconductors is starting to fizzle as investors grow concerned about how long the heavy spending on artificial intelligence can last. And that pessimism is now looming over Intel’s results. During its earnings call on Wednesday, Alphabet Inc., one of the biggest AI spenders, raised its outlook for capital expenditures this year to between $195 billion and $205 billion from its previous expectation of $180 billion to $190 billion. Last week’s disappointing market reaction to a strong print from Taiwan Semiconductor Manufacturing Co., the main chipmaker for Nvidia Corp., demonstrates the challenges facing Intel’s stock heading into this report. TSMC increased its revenue and spending outlooks for the year, reflecting confidence in demand for chips and data centers in 2027 and beyond. And yet the company’s American depositary receipts fell. Of course, Intel’s report is likely to offer encouraging signs for investors. There’s strong demand from data center operators for central processing unit chips, known as CPUs, which Intel makes, to the point where there are concerns about whether supply can keep up. Wall Street is also hoping Intel will name more clients for its foundry business, with analysts closely watching its capital expenditures for clues that it has secured new customers. In addition, positive updates on a deal with Apple or the Terafab commitment could give the shares a boost, according to Kim Forrest, founder and chief investment officer of Bokeh Capital Partners. “If those announcements still feel like they’re going forward in the timeline originally outlined, I think the stock reacts well in the shorter term,” she said. The shares got a lift Tuesday when the company confirmed that it will cut jobs in its data center group as part of its effort to reduce costs. But even with healthy earnings and shares well off a record high, Intel may not have much more room to rise because it’s gotten too expensive. The stock is priced at about 74 times earnings over the next 12 months, an extreme premium to its 10-year average of 22. That’s the third highest multiple in the semiconductor index, blowing away rivals like Nvidia, which is priced at less than 20 times forward earnings, and Broadcom Inc. at 23 times. The SOX trades at 23 times projected earnings, and the S&P 500 is at 20 times. “This is a stock where the market is getting ahead of itself, at least on the valuation side,” said Thomas George, portfolio manager at Grizzle Investment Management, which owns Intel shares. “The added hurdle for Intel is its own demanding valuation.” Tech Chart of the Day Top Tech Stories Alphabet raised its capital spending forecast to as much as $205 billion this year, reigniting concerns about a lack of fiscal discipline in the race to dominate artificial intelligence. Tesla Inc.’s profit tumbled despite a strong quarter for its automotive business, pressuring Elon Musk’s plan to refocus the electric vehicle maker on artificial intelligence and robots. Uber Technologies Inc. said it has cut 10% of jobs within its customer service operations as part of a broader effort to simplify its ranks and “embrace artificial intelligence.” Micron Technology Inc. recently gave Tesla Inc. a “significant allocation” of memory chips, according to Elon Musk, helping meet the automaker’s demand for an increasingly precious commodity. International Business Machines Corp. cut its full-year sales outlook, including for its closely watched software unit, after reporting a dip in demand for its mainframe business. Earnings Due Earnings Postmarket: --With assistance from Neil Campling, Subrat Patnaik and David Watkins. Most Read from Bloomberg Businessweek The Bitcoin Slump Is Crushing Companies That Stockpiled Tokens How China’s ‘Temu Range Rover’ Became Britain’s Top-Selling Car Van Leeuwen’s Path From a Single Ice Cream Truck to a Dessert Giant Credit Card Holders Are Using ‘Friendly Fraud’ to Get Back at Retailers For Software Engineers, the AI Reckoning Is Already Here ©2026 Bloomberg L.P.

Interested in MaxLinear, Inc? Here are five stocks we like better. MaxLinear posted a strong Q2, with revenue rising 55% year over year to $168.8 million and the company returning to GAAP profitability with EPS of $0.02. Infrastructure became its largest segment, driven by rapid growth in data center optical products. The company raised its 2026 optical data center revenue outlook to $210 million-$230 million, saying the increase is driven entirely by the Keystone product family. Management also expects next-generation products like Rushmore, Washington and Annapurna to start contributing in 2027 and beyond. For Q3 2026, MaxLinear guided for revenue of $210 million-$220 million, with growth expected across all four business segments. Executives said visibility remains strong and long-term operating margin targets of 30% to 35% are still intact. MarketBeat Week in Review – 04/27 - 05/01 MaxLinear (NASDAQ:MXL) reported a sharp increase in second-quarter 2026 revenue and returned to GAAP profitability, as executives said demand for the company’s data center optical products is driving a new growth phase. On the company’s earnings call, Chief Executive Officer Kishore Seendripu said MaxLinear’s overall revenue grew 55% year over year, reflecting “strong execution” and accelerating adoption of its newest data center products. He said infrastructure has become MaxLinear’s largest revenue category, with revenue in that segment rising 145% year over year, driven by production ramps in optical platforms for data centers. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? MaxLinear’s Explosive 200% Rally Looks Impressive—But Can It Last? “Our Q2 financial results highlight the exciting inflection in our business trajectory and the beginning of a multiyear growth phase for MaxLinear,” Seendripu said. Chief Financial Officer and Chief Corporate Strategy Officer Steve Litchfield said total revenue for the second quarter was $168.8 million, up 23% from $137.2 million in the prior quarter and up 55% from $108.8 million in the second quarter of 2025. → 3 Photonics Companies Making Quantum Tech Possible Silicon Motion: The Market's Best Merger Arbitrage Opportunity By end market, Litchfield said second-quarter revenue was approximately: Infrastructure: $85 million Broadband: $45 million Connectivity: $24 million Industrial and multi-market: $15 million GAAP gross margin was 57.8%, while non-GAAP gross margin was 59.5%. Litchfield said the difference between GAAP and non-GAAP gross margin was primarily due to $2.5 million of acquisition-related intangible asset amortization. → AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off GAAP operating expenses were $101.8 million, compared with non-GAAP operating expenses of $62.8 million. The difference was primarily tied to stock-based compensation and performance-based equity accruals totaling $36.5 million, along with $2.2 million in acquisition-related and other costs. MaxLinear reported GAAP earnings per share of $0.02 for the quarter, which Litchfield said marked a return to GAAP profitability. Non-GAAP earnings per share were $0.35. Operating cash flow was approximately $4.8 million, and the company ended the quarter with about $93.7 million in cash equivalents and restricted cash. Seendripu said MaxLinear is raising its expectations for 2026 optical data center revenue to a range of $210 million to $230 million, citing customer orders and stronger visibility into program ramps. He said run rates are expected to expand into 2027. The company’s Keystone product, a 100 gigabit-per-lane, five-nanometer CMOS PAM4 DSP and SerDes technology, is ramping into high-volume production at major hyperscale customers in the U.S. and Asia for 400G and 800G deployments, Seendripu said. He said Keystone delivers “almost 40% lower consumption in power than competition” and is serving as the foundation for future customer engagements involving 1.6 terabit and 3.2 terabit architectures. During the question-and-answer session, Seendripu said the company began the year with revenue more concentrated in 400G, but the current growth is being driven by 800G PAM4 products. He said 800G is expected to become a substantially larger portion of run-rate revenue going forward. Asked whether the increase in the 2026 optical outlook was tied entirely to Keystone, Seendripu told Cody Acree of The Benchmark Company that it was “all driven by Keystone product family” and did not include 2026 revenue from Washington or Annapurna. Seendripu highlighted several products intended to extend MaxLinear’s data center portfolio. Rushmore, the company’s 1.6 terabit optical PAM4 DSP at 200 gigabit-per-lane speeds, is expected to become an important optical connectivity growth driver beginning in 2027, he said. Washington, a standalone 200 gigabit-per-lane TIA platform, can be paired with Rushmore or deployed in LPO and NPO implementations that do not require a DSP. Annapurna, a 200 gigabit-per-lane Ethernet retimer platform, is aimed at 1.6 terabit active electrical cable and onboard retimer requirements for AI systems. Seendripu said Rushmore, Washington and Annapurna are sampling and in customer qualification and design processes. He said the company expects revenue to begin in 2027, with one or two opportunities potentially starting in the second half of that year and layering into 2028 and 2029. Beyond optical, Seendripu said MaxLinear’s first XGS-PON hyperscaler design win for dedicated data center control plane architectures has completed qualification for a 2027 ramp. He also said the company has secured USB bridge controller design wins at two major hyperscalers for AI rack management. Seendripu said broadband and connectivity revenue both increased in the second quarter, supported by large-scale deployments of single-chip fiber PON and Wi-Fi 7 gateway platforms at major Tier 1 service providers in North America and Europe. He said MaxLinear is also in the early stages of Ultra DOCSIS 3.1 and 4.0 deployments, which are expected to provide additional stability as ramps progress through 2027 and 2028. In response to a question from Wells Fargo analyst Joe Quattrocchi, Litchfield said there had not been significant changes in broadband demand trends. He said MaxLinear has been gaining share in PON programs and that telco capital spending remains “good.” On the industrial and multi-market business, Litchfield told Karl Ackerman of BNP Paribas that the segment has been recovering after a weak prior year. He said the company is seeing year-over-year improvement and expects pricing, including in China, as well as new products to contribute to growth. For the third quarter of 2026, MaxLinear expects revenue of $210 million to $220 million. Litchfield said the company expects growth across all four business segments, with particular strength in infrastructure from data center optical interconnects. The company guided for GAAP gross margin of approximately 57% to 60% and non-GAAP gross margin of 58.5% to 61.5%. GAAP operating expenses are expected to be $98 million to $104 million, while non-GAAP operating expenses are expected to be $66 million to $71 million. Litchfield said infrastructure products historically have carried gross margins above the corporate average, helping support the outlook. He also noted cost increases in wafers, packaging and testing, saying the company is being cautious but sees continued margin improvement potential. Asked about longer-term profitability, Litchfield said MaxLinear’s target has not changed and that the company’s long-term goal is to reach operating margins of 30% to 35%. He said the business is “headed in that direction,” though he declined to guide beyond the current quarter. Litchfield said visibility is strong across most of MaxLinear’s businesses, extending to about six months, supported by backlog and demand. The company has also made wafer prepayments to secure supply for rising data center product demand, which executives said is backed by customer orders extending into the second half of 2026 and 2027. MaxLinear, Inc is a provider of radio-frequency (RF), analog, and mixed-signal integrated circuits for broadband communications, data center connectivity, and video infrastructure applications. The company's product portfolio includes high-performance RF front-end modules, broadband power amplifiers, optical and Ethernet transceivers, and network processors designed to support demanding signal processing requirements. MaxLinear's semiconductor solutions are used by cable and satellite television operators, fiber-to-the-home service providers, network equipment manufacturers, and data center operators. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "MaxLinear Q2 Earnings Call Highlights" was originally published by MarketBeat. 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