Maxlinear Stock Price, News & Analysis

MaxLinear, Inc. (NYSE: MXL) has announced the launch of the industry’s first 5nm CMOS 800Gbps PAM4 DSP, designed specifically for data center applications. This new product, part of the Keystone family of DSPs, will be showcased at the Optical Fiber Communication Conference from June 6 to June 11, 2021. The Keystone family aims to meet the growing demand for low-power, high-integrated optical modules in hyperscale cloud networks, offering exceptional performance while supporting both 400G and 800G applications.

MaxLinear, a leading provider of RF and mixed-signal integrated circuits, announced its participation in several financial conferences in May and June 2021. Key events include the 16th Annual Needham Virtual Technology & Media Conference on May 18, J.P. Morgan Global Technology Conference on May 24, and others on June 2, 3, 9, and 10. Each presentation will occur virtually, with webcasts available on their investor relations website. The conferences will showcase MaxLinear’s innovative solutions for various infrastructure applications.

MaxLinear, Inc. (NYSE: MXL) reported first-quarter 2021 results with net revenue of $209.4 million, an 8% increase sequentially and a remarkable 238% rise year-on-year. The company achieved a GAAP gross margin of 53.4%, up from 42.7% in the prior quarter. Operating expenses decreased to $101.8 million, representing 49% of net revenue. Non-GAAP diluted EPS stood at $0.55, improving from $0.39 in the previous quarter. Despite anticipated supply-chain challenges, management remains confident in ongoing demand for broadband access and infrastructure products. Q2 2021 revenue guidance is set at $200-$210 million.

MaxLinear, Inc. (NYSE: MXL) and Inango Systems have announced a strategic partnership to market and sell the Inango Service Orchestration software, enhancing service delivery for internet service providers. This collaboration aims to enable rapid deployment and management of software services, improving user experience and operational efficiencies. The Inango platform is expected to integrate with MaxLinear's Puma™ and URX processors, facilitating cost-effective service delivery. This partnership positions MaxLinear to leverage new market opportunities in the broadband ecosystem.

MaxLinear, Inc. (NYSE: MXL) will announce its Q1 2021 financial results on April 28, 2021, after market close. A conference call will take place at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results, hosted by CEO Kishore Seendripu and CFO Steve Litchfield. The announcement reflects the company's ongoing commitment to transparency and engagement with investors.

MaxLinear, Inc. (NYSE: MXL) has appointed Dr. Tsu-Jae King Liu, an esteemed professor and Dean at UC Berkeley, to its board of directors as a Class I director, effective immediately. Dr. Liu's expertise in semiconductor process technologies, including her role as a co-inventor of the FinFET design, is expected to enhance MaxLinear’s growth and innovation in semiconductor solutions. She brings significant leadership experience from her prior role on Intel's board and her status as a National Academy of Engineering member.

MaxLinear (NYSE: MXL) has expanded its Ethernet portfolio with the GPY241, the industry's first quad-port 2.5GBASE-T Ethernet PHY. This new device allows manufacturers to provide multiple cost-effective 2.5G ports in high-speed switches and routers. The demand for 2.5G Ethernet is rapidly increasing, with expectations to reach 1 billion ports in five years, driven by applications such as Wi-Fi 6 and 10GPON modems. The GPY241 supports various standards and boasts a compact design while ensuring energy efficiency and low power consumption.

MaxLinear, Inc. (NYSE: MXL) has announced a share buyback plan authorizing the repurchase of up to $100 million of its common stock. The buyback's execution will depend on market conditions, trading prices, and other corporate factors. The authorization is valid until February 16, 2024, and allows management discretion in transactions. CEO Kishore Seendripu expressed confidence in the company's growth prospects and commitment to enhancing shareholder value through this initiative.

MaxLinear (NYSE: MXL) has integrated its dual-band RF power amplifier (PA) linearization algorithms into NI's (NASDAQ: NATI) RFIC test software. This collaboration aims to enhance the validation of wideband cellular infrastructure PA designs, improving power efficiency and minimizing non-linear effects. This partnership addresses the growing need for efficient RF front-end designs in 5G networks, offering substantial advantages in ACLR and EVM. The integration enables engineers to reduce power consumption in 4G and 5G RF radio units, facilitating quicker product development cycles.