MaxLinear Inc.
MaxLinear Reports Third Quarter 2024 Financial Results
Summary
MaxLinear, Inc. reported its unaudited financial results for the third quarter of 2024. The company experienced a decline in net revenue to $81.1 million, down 12% sequentially and 40% year-over-year. GAAP gross margin was 54.4%, and non-GAAP gross margin was 58.7%. GAAP loss from operations was $66.7 million, or 82% of net revenue, while non-GAAP loss from operations was $25.2 million, or 31% of net revenue. Management noted signs of recovery in customer orders and new product traction, and provided guidance for the fourth quarter with net revenue expected between $80 million and $100 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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