Tuesday, July 7, 2020

MaxLinear Raises Guidance, Benefits From Work From Home

Carlsbad-based radio frequency and analog and mixed signal circuits developer MaxLinear says it is raising its guidance for its second quarter, saying it is seeing strength in the broadband sector, as well as recovery in the analog sector. The company, which had originally provided revenue guidance for the quarter of between $60M to $64M, said it now expects preliminary total revenue of approximately $65M to $65.5M. The company said that while it saw some negative COVID-19 related impacts, the "work-from-home" environment has strongly benefited its connected home business. The company explained that there has been "a noticeable inflection" in bandwidth demand at home, and also noted that it's also seeing "meaningful quarterly improvements" in its infrastructure business. The company's semiconductors are used in equipment for broadband connectivity, including routers, gateways, and similar.