earnings
confidence high
sentiment positive
materiality 0.85
MaxLinear Q3 record revenue $285.7M (+24% YoY); non-GAAP EPS $1.05; Q4 rev guidance $285-295M
MAXLINEAR, INC
2022-Q3 EPS reported
$1.17
revenue$829,666,000
- Record net revenue of $285.7M, up 24% YoY; GAAP EPS $0.35, non-GAAP EPS $1.05.
- Connectivity revenue (Wi-Fi) $83M, up 118% YoY; targeting at least $200M Wi-Fi revenue in 2023.
- GAAP gross margin 58.6%; non-GAAP gross margin 62.0%; Q4 guidance: rev $285-295M, non-GAAP GM 59-62%.
- Operating cash flow $61.8M; pending merger with Silicon Motion referenced by CEO.