Earnings ·
MaxLinear reports Q3 revenue of $218.1M and amends credit agreement to increase revolving facility by $70M
MXLMaxlinear, Inc
MaxLinear reported third-quarter net revenue of $218.1 million, a 29% sequential increase and 72% year-over-year growth, driven by a 210% surge in infrastructure business sales as optical AI data center products gain traction. The company posted GAAP diluted earnings per share of $0.30 compared to a loss of $0.52 in the prior year period. Concurrently, MaxLinear amended its credit agreement with Wells Fargo and other lenders to add $70 million in incremental revolving credit commitments, raising total available capacity under the facility to $200 million while reducing liquidity covenants. The semiconductor company designs radio frequency, analog, digital, and mixed-signal integrated circuits for connectivity and infrastructure applications.