MaxLinear: Optical Data Center Demand Accelerating, Margins to Improve in Q2

MaxLinear is another under-the-radar optical networking beneficiary, supplying a range of components within optical transceivers, with its most notable being optical DSPs for 400G, 800G and soon 1.6T solutions. The company is seeing strong demand emerge for its Keystone DSP family, with management raising its 2026 revenue forecast for Keystone by >40% already, from $100-130 million to $150-170 million. Impressively, this growth is being driven by 400G and 800G modules as the 1.6T product, Rushmore, has yet to ramp.

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