MaxLinear Stock Rockets After Q1 Earnings: Here’s Why

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MaxLinear, Inc. (NASDAQ:MXL) reported its first-quarter results after Thursday’s closing bell, beating analyst estimates on the top and bottom lines.

MaxLinear Q1 Details

MaxLinear reported quarterly adjusted earnings of 22 cents per share, which beat the Street estimate of 18 cents, according to Benzinga Pro data. 

Quarterly revenue clocked in at $137.19 million, which beat the consensus estimate of $135 million.

“Q1 marks the start of a multi‑year growth phase for MaxLinear, led by accelerating momentum in optical data center connectivity,” said Kishore Seendripu, CEO of …

Full story available on Benzinga.com

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