MaxLinear Inc. (NYSE: MXL), a semiconductor chip maker, recently released a report for the second quarter of 2021. The company saw strong revenue growth due to the special global market conditions.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
For the quarter ended June 30, MaxLinear’s revenue increased 215% year-over-year to $205.4 million. GAAP gross margin almost reached 55%. Diluted earnings per share were $ 0.01, compared to $0.3 the previous year.
Strong revenue growth for MaxLinear is driven by increased demand for high-speed array chips and analog semiconductors. The company was able to rapidly increase production due to shortages of certain types of semiconductors in the global market. At the same time, MaxLinear Inc. (MXL) talks about demand growth in the second half of 2021, and supply chains are now functioning better. In the third quarter, revenue is expected to be between $215 million and $225 million.
The partnership between MaxLinear and Cree Inc. (NASDAQ: CREE) has been a very positive sign for investors. MaxLinear Inc. (MXL) chips will be used in combination with Wolfspeed Cree semiconductors in signal amplifiers for 5G base stations.
MXL stock also introduced several new products, such as a 5nm CMOS circuit for 800 Gb / s interconnects in data centers. The company has signed contracts for the supply of chips for uSenlight Corporation’s optical modules, MACOM signal amplifiers.
MaxLinear Inc. (NYSE: MXL) benefits from the digital transformation of the global economy by manufacturing the building blocks of wireless communications and data centers. On July 29, MXL stock was worth $48.23. The market capitalization was $ 3.68 billion.
