earnings
confidence high
sentiment positive
materiality 0.75
MaxLinear reports record Q1 revenue of $263.9M, up 26% YoY; guides Q2 revenue $275M-$285M
MAXLINEAR, INC
2022-Q1 EPS reported
$0.42
revenue$263,927,000
- Record net revenue of $263.9M, +6% QoQ and +26% YoY; GAAP diluted EPS $0.42, non-GAAP diluted EPS $1.00.
- GAAP gross margin 58.6% (+140 bps QoQ); non-GAAP gross margin 62.8% (+110 bps QoQ).
- Connectivity market grew 14% sequentially; Wi-Fi revenue expected to exceed $200M in 2023.
- Cash flow from operations surged to $134.2M from $16.0M in prior quarter.
- Q2 2022 guidance: revenue $275M-$285M; non-GAAP gross margin 61%-63%.