[MaxLinear's Stock Drops Over 11% After Hours, Q2 Total Revenue Up 55% Year-on-Year] BlockBeats News, July 24, optical communication chip supplier MaxLinear released its fiscal year 2026 second-quarter financial report, with total revenue of $169 million, a year-on-year increase of 55%. Diluted earnings per share were $0.02 (previously -$0.52), a year-on-year increase of 106%. Net profit was $2 million, up 107% year-on-year. Non-GAAP net profit was $34 million, a year-on-year increase of 1854%, and Non-GAAP earnings per share were $0.35 (previously $0.22). MaxLinear expects next fiscal quarter revenue to be between $210 million and $220 million. GAAP gross margin is expected to be between 57.0% and 60.0%, while Non-GAAP gross margin is expected to be between 58.5% and 61.5%. The company anticipates Non-GAAP operating expenses to range from $66 million to $71 million and expects fully diluted shares to total 99 million. According to BIT (bit.com) market data, MaxLinear's stock dropped 11.22% after hours, closing at $81.