MaxLinear, Inc. reported a 72% year-over-year increase in third-quarter net revenue to $218.1 million, while its shares fell nearly 8% in after-hours trading Oct. 22.
Net revenue for the three months ended Sept. 30 was $218.1 million, compared with $126.5 million in the year-earlier quarter, the company said. Non-GAAP diluted net income per share was $0.62, up from $0.14.
MaxLinear forecast fourth-quarter revenue of $240 million to $260 million. Its semiconductor portfolio serves broadband, data-center infrastructure and AI connectivity.
