Form 8-K · Current Report · Filed 2024-07-24
MaxLinear Reports Q2 2024 Financial Results and Business Outlook
MaxLinear, Inc. announced its unaudited financial results for the second quarter of 2024. The company reported net revenue of $92.0 million, down 3% sequentially and 50% year-over-year. GAAP gross margin was 54.6% compared to 51.7% in Q1 2024 and 55.9% in Q2 2023. GAAP net loss for the quarter was $39.3 million, or $0.47 per share. Non-GAAP net loss was $20.9 million, or $0.25 per share. For Q3 2024, the company expects net revenue between $70 million and $90 million, with GAAP gross margin of approximately 52.5% to 55.5% and non-GAAP gross margin of 57.0% to 60.0%.
- Filer
- MaxLinear Inc. MXL · NASDAQ
- Filed
- Accession
- 0001288469-24-000111
- CIK
- 0001288469
- Signal
- Low impactTechnology
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$23.49
Next session
-40.3%
Since filing
+184.5%
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.
Never miss another MXL filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.