Movement Alert｜MaxLinear rises 5.78% in Pre-Market Trading, stronger-than-expected Q3 results and Q4 revenue outlook support sentiment

Market Focus10-23

On October 23, MaxLinear rose 5.78% in Pre-Market Trading, trading at $69.4 per share, with turnover of $2.4146 million.

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

MaxLinear reported adjusted EPS of $0.62 for the September quarter, above consensus expectations of $0.55 to $0.56. Revenue rose 72% year over year to $218.1 million, also ahead of estimates ranging from about $211.2 million to $214.9 million. For the fourth quarter, the company guided revenue to $240 million to $260 million, well above the market expectation of $226.6 million, reinforcing the view of continued operating recovery across its communications chip businesses.

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