MaxLinear

MaxLinear stock slid about 10.3% premarket despite the company reporting Q2 non-GAAP earnings of $0.35 (consensus $0.33) and revenue of $168.8m (consensus ~ $166m). Management highlighted 55% year-over-year revenue growth and a 145% increase in the data center segment driven by the Keystone PAM4 DSP platform. For Q3, MaxLinear forecasts revenue of $210–220m, well above the analyst consensus of ~ $175m. High analyst expectations, a strong share-price rally before the release, and a still-negative GAAP operating loss of $4.2m led to profit-taking. » More on de.investing.com

MaxLinear's stock hit a new all-time high of $106.36 and is currently trading near that level, giving it a market capitalization of about $9.47 billion. Over the past year the share price rose 641.1%; the company reports revenue growth of 41% in the last twelve months. Ten analysts recently raised their earnings estimates; Stifel increased its price target to $110 while keeping a "Buy" rating, while InvestingPro warns of a possible overvaluation. Operationally, MaxLinear announced a partnership with Los Alamos National Laboratory to develop hardware-accelerated memory and switched its auditor to KPMG. » More on de.investing.com

MaxLinear and the Los Alamos National Laboratory are collaborating to integrate Direct‑IO and the Z.I.A. framework with MaxLinear’s Panther Storage Accelerator SoCs in OpenZFS environments. The goal is to accelerate NVMe flash storage in HPC: tests showed roughly 39× faster writes and 7× faster reads versus conventional ZFS, with up to 57 GB/s read and 47 GB/s write at GZIP‑L9. The solution offloads CPUs by providing inline hardware acceleration for compression and checksums and can scale across multiple Panther accelerators. MaxLinear recently reported revenue growth of 41% to $508.9 million, and analysts expect a return to profitability. » More on de.investing.com