MaxLinear, Inc. (Nasdaq: MXL), a provider of RF, analog, digital, and mixed-signal integrated circuits, reported its financial results for the second quarter ending June 30, 2025. The company achieved a net revenue of $108.8 million, marking a 13% increase sequentially and an 18% rise from the same quarter last year. The GAAP gross margin improved to 56.5%, compared to 56.1% in the previous quarter and 54.6% in the year-ago quarter. GAAP operating expenses were reported at $86.1 million, which is 79% of net revenue, showing a decrease from $99.9 million or 104% of net revenue in the prior quarter. On a non-GAAP basis, the gross margin remained consistent with the prior quarter at 59.1%, although slightly down from 60.2% in the year-ago quarter. Non-GAAP operating expenses decreased to $56.6 million, accounting for 52% of net revenue, compared to $58.4 million or 61% in the prior quarter. Non-GAAP income from operations accounted for 7% of net revenue, a turnaround from a loss of 2% in the previous quarter and a loss of 21% in the corresponding quarter of the previous year. Non-GAAP diluted earnings per share stood at $0.02, a significant improvement from a loss of $0.05 in the prior quarter and a loss of $0.25 in the year-ago quarter. CEO Kishore Seendripu highlighted the company's strong performance, exceeding revenue guidance mid-point, and returning to profitability on a non-GAAP basis. He pointed to growth in high-speed interconnects and other strategic markets, improved customer order rates, and a strong product backlog as key drivers. Looking forward, MaxLinear expressed confidence in continued growth for 2025 and 2026.