Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of MaxLinear (NYSE:MXL) were up 14.2% as of noon Tuesday after the company revised its financial guidance for the remainder of the year. 

So what: For the current quarter -- which includes May and June contributions from its now-complete $287 million acquisition Entropic Communications -- MaxLinear now expects revenue between $68 million and $72 million, which should translate to adjusted net income of $12 million, or roughly $0.22 per diluted share.  Analysts, on average, were anticipating adjusted earnings of $0.11 per share on revenue of $54.1 million.

For the second half of the year, MaxLinear anticipates revenue between $175 million and $185 million, with adjusted net income of $36 million, or roughly $0.58 per diluted share. Based on MaxLinear's fiscal Q1 results, and analysts' expectations for full-year revenue and earnings of $255.8 million and $0.52 per share, respectively, Wall Street was only expecting MaxLinear to achieve second-half revenue of $166.3 million, and earnings of $0.32 per share. 

Now what: MaxLinear CEO Kishore Seendripu noted the company is already seeing the benefits of the strategic and tactical goals for the acquisition, and elaborated, "We are seeing strong follow-through of demand across the range of our expanded technology and market-leading broadband data and video product portfolio. This demand is being primarily driven by tier-one operators across the globe, who continue to invest in higher-bandwidth and richer multimedia content delivery platforms."

Additional details on the specific operating expenses related to the acquisition will be provided when MaxLinear officially releases its second-quarter results. But for now, with shares already trading at a reasonable 16 times next year's expected earnings and considering the combined companies are performing significantly better than expected, it's no surprise the market is bidding shares of MaxLinear up today.