Nice, you can feel it just by looking at the earnings report of New E-sheng. There's a shortage of upstream materials, and besides Broadcom and Marvell for PAM4 DSP chips, M'x'l also carries the narrative of a turnaround from adversity.

MaxLinear delivered a performance in 26Q1 characterized by "high growth + strong recovery + continued upward guidance." The data center optical interconnect drove an explosion in infrastructure business, leading to a 43% year-over-year increase in company revenue and a rise in Non-GAAP EPS to $0.22. Furthermore, the 26Q2 revenue guidance was further raised to $160-170 million, validating the start of a new growth cycle.

- The earnings inflection point is largely confirmed: 26Q1 revenue was $137.2 million, up 43% YoY. Non-GAAP EPS was $0.22, continuing to improve from $0.19 last quarter and significantly better than the loss of $0.05 in the same period last year.

- Growth quality is improving: Management disclosed a 136% YoY growth in the infrastructure business, which has become the company's largest end market. The core driver comes from the volume ramp of optical data center connectivity products among hyperscale customers.

- Short-term momentum remains upward: The company's 26Q2 revenue guidance of $160-170 million is higher than the actual 26Q1 revenue, indicating that order and shipment momentum still show signs of further increase.