MaxLinear Q1 revenue $248.4M, down 15% QoQ; Q2 guidance $175M-$205M, well below Q1

MAXLINEAR, INC

2023-Q1 EPS reported $0.12 revenue$248,442,000

GAAP EPS $0.12 vs $0.42 YoY; non-GAAP EPS $0.74 vs $1.00 YoY; revenue down 6% YoY.
Infrastructure revenue $46.3M, up 46% QoQ and 40% YoY, driven by 5G wireless backhaul.
Q2 revenue guidance $175M-$205M implies at least 17% sequential decline; GAAP gross margin 54.5%-57.5%.
Operating cash flow $42.2M, down 39% QoQ and 69% YoY.
Pending acquisition of Silicon Motion continues antitrust approval process.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MAXLINEAR, INC reported first quarter ended March 31, 2023 results: revenue $248.4 million, EPS $0.12.

Period: first quarter ended March 31, 2023
Revenue: $248.4 million
EPS: $0.12
Result: reported results

Exact text from the filing

forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE MaxLinear, Inc. Announces First Quarter 2023 Financial Results • Net revenue of $248.4 million in Q1, GAAP gross margin of 56.5% and non-GAAP gross margin of 60.3% • Infrastructure revenue was $46.3 million in Q1, up 46% sequentially and up 40% YoY Carlsbad, Calif. – April

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MAXLINEAR, INC reported second quarter of 2023 results: revenue approximately $175 million to $205 million. Guidance reaffirmed.

Period: second quarter of 2023
Revenue: approximately $175 million to $205 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The company expects net revenue in the second quarter of 2023 to be approximately $175 million to $205 million.

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Source: SEC EDGAR

accession 0001288469-23-000092

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