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MaxLinear Stock Plunges 11% After-Hours Despite 55% Q2 Revenue Growth

2026-07-24 01:41:32

MXL5.17%

According to BlockBeats, MaxLinear reported on July 24 that its fiscal Q2 revenue reached $169 million, up 55% year-over-year. The company posted net income of $2 million (compared to a loss of $52 million in the prior year), with diluted earnings per share of $0.02. Non-GAAP net income surged to $34 million, up 1,854% year-over-year, while Non-GAAP diluted EPS reached $0.35. Despite strong earnings, the optical networking chipmaker's stock fell over 11.22% in after-hours trading to close at $81, according to BIT trading data.

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