# MaxLinear Shares Fall Nearly 8% Despite Q3 Earnings Beat By John Kim Canonical URL: https://www.tokenpost.com/news/business/39017 Published: 2026-10-23T13:45:46.000Z Updated: 2026-10-23T13:45:46.000Z Section: Business > The company posted adjusted earnings of 62 cents per share for the quarter ended Sept. 30, and its results and guidance exceeded Wall Street forecasts. MaxLinear shares dropped nearly 8% in extended trading Thursday, Oct. 22, even after the semiconductor company posted third-quarter results and guidance that exceeded Wall Street forecasts. For the quarter ended Sept. 30, adjusted earnings were 62 cents per share. MaxLinear develops semiconductor products for broadband, data-center infrastructure and AI connectivity. The latest decline followed a separate [pullback]() in which shares fell nearly 13% after climbing more than 45% over a month. ## Links in this article - [pullback](https://www.tokenpost.com/news/investing/28529)