MaxLinear Inc.
MaxLinear Reports Q4 and FY 2023 Financial Results
Summary
MaxLinear, Inc. reported its unaudited financial results for the fourth quarter and fiscal year 2023, showing a significant decline in net revenue and operating income. The company's net revenue for Q4 2023 was $125.4 million, down 8% sequentially and 57% year-over-year, with a GAAP gross margin of 54.7% and non-GAAP gross margin of 61.4%. For the full year, net revenue was $693.3 million, down 38% from FY 2022. GAAP operating expenses increased, and the company reported a net loss for both the quarter and the fiscal year. Management provided an outlook for Q1 2024, expecting net revenue between $85 million and $105 million.
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About MaxLinear Inc.
MaxLinear Inc. is a leading provider of radio-frequency (RF), analog, digital, and mixed-signal semiconductor solutions for broadband communications and wireless infrastructure. The company's products enable the delivery of high-speed data and multimedia content in various applications, including broadband access, Wi-Fi, datacenter connectivity, and industrial IoT. MaxLinear's solutions are critical in optimizing signal transmission and reception, enhancing data throughput, and improving the connectivity of devices. Serving industries such as telecommunications, home networking, and automotive electronics, MaxLinear plays a significant role in powering the growing demand for faster, more reliable internet and communication services. Founded in 2003 and based in Carlsbad, California, the company is well-positioned in the semiconductor market, working to advance the technology that supports critical connectivity infrastructure globally. MaxLinear’s dedication to innovation drives progress in achieving greater efficiency and miniaturization in electronic components, reinforcing its relevance in the rapidly evolving technological landscape.
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