MaxLinear Inc., the Carlsbad microchip maker, reported net income of $9.7 million on revenue of $96.3 million in the third quarter. In the same quarter one year ago, MaxLinear (NYSE: MXL) reported dramatically less net income — $1.6 million — though revenue was 1 percent lower, at $95.2 million.
“Our operating results benefited from the revenue contributions of our recently closed wireless infrastructure acquisitions addressing the cellular access and backhaul markets, which partially offset seasonal softness in certain cable and satellite broadband operator platforms,” said Kishore Seendripu, the company’s chairman and CEO, in a prepared statement issued Nov. 7.
MaxLinear announced in May that it was buying the wireless infrastructure backhaul business from Broadcom Corp. for $80 million in cash. Also in the spring, it announced it was acquiring assets from Microsemi Corp. for $21 million in cash.
MaxLinear describes its products as radio frequency and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and wired and wireless infrastructure markets.
“Our diversifying revenues across broadband access, wireless infrastructure and fiber-optic telecom and data-center infrastructure markets, combined with continued tight operating expense management resulted in another quarter of strong profitability,” Seendripu said.
