MaxLinear saw a notable increase in trading volume, reaching 7.3 million shares, up significantly from its average of 1.08 million shares. The company's revenue for the second quarter hit $108.8 million, reflecting an 18.3% increase year over year and beating projections by $3.86 million. EPS aligned with estimates at two cents. MaxLinear has raised its revenue guidance for the next quarter to between $115 million and $135 million, higher than the previous expectation of $104.94 million. CEO Kishore Seendripu emphasized strong growth and positive cash flow.
MAXL experienced a significant increase in trading volume, reaching 7.3 million shares, an impressive jump from its average volume of 1.08 million.
MaxLinear reported second-quarter revenue of $108.8 million, an 18.3% year-over-year increase, exceeding estimates by $3.86 million.
CEO Kishore Seendripu stated, 'Our second quarter results reflect strong sequential and year-over-year growth in our business' and highlighted a positive outlook for future growth.
MaxLinear expects net revenue to range from $115 million to $135 million, surpassing prior expectations of $104.94 million.
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