8-K
filed February 1, 2023, 6:59 PM ET
ticker MXL
CIK 0001288469
earnings
confidence high
sentiment positive
materiality 0.80
MaxLinear Q4 revenue $290.6M record, EPS $0.38 GAAP/$1.07 non-GAAP; FY22 revenue $1.1B
MAXLINEAR, INC
2022-FY EPS reported
$1.55
revenue$1,120,252,000
- Q4 net revenue $290.6M record, up 17% YoY; FY22 revenue $1.1B first time above $1B.
- GAAP diluted EPS $0.38 (vs $0.35 YoY); non-GAAP diluted EPS $1.07 (vs $0.86 YoY).
- Wi-Fi/connectivity revenue $105M in Q4, up 99% YoY; drives 27% sequential growth.
- FY22 GAAP net income $125M (+198% YoY); operating cash flow $388.7M.
- Q1 2023 guidance: revenue $240-260M; non-GAAP gross margin 59-62%; pending Silicon Motion acquisition.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MAXLINEAR, INC reported the fourth quarter ended December 31, 2022 results: revenue $290.6 million, EPS $0.38. Guidance initiated.
- Period
- the fourth quarter ended December 31, 2022
- Revenue
- $290.6 million
- EPS
- $0.38
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
GAAP basis: • Net revenue was $290.6 million, up 2% sequentially and up 17% year-over-year. • GAAP gross margin was 56.2%, compared to 58.6% in the prior quarter, and 57.2% in the year-ago quarter. • GAAP operating expenses were $122.2 million in the fourth quarter 2022, or 42% of net revenue, compared to $115.5 million in the prior quarter, or 40% of net revenue, and $112.4 million in the year-ago quarter, or 45% of net revenue. • GAAP income from operations was 14% of revenue, compared to income from operations of 18% in the prior quarter, and income from operations of 12% in the year-ago quarter. • Net cash flow provided by operating activities was $69.4 million, compared to net cash flow provided by operating activities of $61.8 million in the prior quarter, and net cash flow provided by operating activities of $16.0 million in the year-ago quarter. • GAAP diluted earnings per share was $0.38, compared to diluted earnings per share of $0.35 in the prior quarter, and diluted earning
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
MAXLINEAR, INC reported the fiscal year ended December 31, 2022 results: revenue $1.1 billion, net income $125.0 million. Guidance initiated.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $1.1 billion
- Net income
- $125.0 million
- Guidance
- initiated
- Result
- reported results
Exact text from the filing
Fiscal Year 2022 Financial Highlights • Net revenue was $1.1 billion, up 26% over fiscal 2021. • GAAP gross margin was 58.0%, up from 55.6% the prior year, and GAAP net income was $125.0 million, an increase of 198% from $42.0 million for 2021.
View on SEC.gov
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