MaxLinear swung to a profit in the third quarter of 2026: GAAP net income was $28.9m, or $0.30 per diluted share, against a net loss of $45.5m, or $0.52 per share, a year earlier. Net revenue rose 72% year on year to $218.1m, and 29% from the second quarter, the chipmaker said on 22 October 2026. Revenue from its infrastructure business rose 210%, which MaxLinear said reflected accelerated adoption of its optical AI data center products.
- Net revenue · Q3 2026218.1 $m
- Infrastructure revenue growth, year on year · Q3 2026210 %
- GAAP diluted EPS · Q3 20260.30 $
- Non-GAAP diluted EPS · Q3 20260.62 $
- Q4 2026 revenue guidance · 22 October 2026240-260 $m
| Measure | Q3 2025 | Q2 2026 | Q3 2026 |
|---|---|---|---|
| Net revenue ($m) | 126.5 | 168.8 | 218.1 |
| GAAP gross margin | 56.9% | 57.8% | 58.7% |
| GAAP operating margin | (32.7)% | (2.5)% | 13.9% |
| Non-GAAP operating margin | 12.1% | 22.3% | 29.5% |
| GAAP diluted EPS | ($0.52) | $0.02 | $0.30 |
| Non-GAAP diluted EPS | $0.14 | $0.35 | $0.62 |
Source: MaxLinear, Inc., Q3 2026 results (Form 8-K, Exhibit 99.1), Q3 2026.
GAAP operating expenses fell 14% year on year to $97.8m in Q3 2026. Cash and cash equivalents were $81.1m at 30 September 2026, down from $111.9m a year earlier. On 22 October 2026 MaxLinear said it had raised its revolving credit facility with Wells Fargo and other lenders by $70m to $200m.
“Strong momentum in our optical AI data center business reflects the volume ramp of our Keystone PAM4 DSP platform, as well as the strength of our expanding infrastructure portfolio and customer activity centered around our Rushmore and Annapurna product families of 1.6T-capable optical and electrical products.”
For Q4 2026, MaxLinear guided to revenue of $240m to $260m, a GAAP gross margin of 58.0% to 61.0% and GAAP operating expenses of $96m to $101m.
- MaxLinear, Inc., Q3 2026 results (Form 8-K, Exhibit 99.1), 22 Oct 2026, 22:06 CEST