Form 8-K · Current Report · Filed 2024-04-24
MaxLinear Reports Q1 2024 Financial Results with Significant Revenue Decline
On April 24, 2024, MaxLinear, Inc. announced its unaudited financial results for the first quarter of 2024. The company reported net revenue of $95.3 million, a 24% sequential decrease and a 62% year-over-year decline. GAAP gross margin was 51.7%, while non-GAAP gross margin was 60.6%. MaxLinear also reported a GAAP loss from operations of 78% of net revenue and a non-GAAP loss from operations of 18% of net revenue. Management expects net revenue for the second quarter of 2024 to be in the range of $90 million to $110 million.
- Filer
- MaxLinear Inc. MXL · NASDAQ
- Filed
- Accession
- 0001288469-24-000063
- CIK
- 0001288469
- Signal
- High impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$20.78
Next session
-0.5%
Since filing
+221.6%
Latest close
$66.82
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from MXL reporting the same item, with the next session's move:
Exhibits (1)
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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