Movement Alert｜MaxLinear Overnight Rise 5.55%, Q3 Results and Q4 Revenue Guidance Beat Expectations

Market Focus10-23

On October 23, MaxLinear rose 5.55% Overnight, trading at $69.0 per share, with turnover of $2.6808 million.

The move followed the company’s latest quarterly release, with third-quarter results and fourth-quarter revenue guidance both exceeding market expectations, helping improve investor sentiment.

MaxLinear reported adjusted EPS of $0.62 for the quarter ended September 30, up from $0.14 a year earlier and above consensus expectations of about $0.55 to $0.56. Revenue rose 72% year over year to $218.1 million, also ahead of estimates near $211.2 million to $214.9 million. For the fourth quarter, the company guided revenue to $240 million to $260 million, above the market expectation of $226.6 million, indicating continued demand strength across its communications system-on-chip businesses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment