MaxLinear Q2 revenue $183.9M, down 34% YoY; guides Q3 $125-155M

MAXLINEAR, INC

2023-Q2 EPS reported $0.06 revenue$432,380,000

Revenue $183.9M (-34% YoY); GAAP diluted loss per share $0.05; non-GAAP EPS $0.34 (down from $0.74 prior quarter).
Infrastructure revenue $49.3M up 37% YoY; overall weakness attributed to challenging demand environment.
Q3 2023 revenue guidance $125M-$155M, implying further sequential decline of 16-32% from Q2.
GAAP gross margin 55.9% vs 58.7% year ago; Q3 guide 53-56%.
Operating cash flow $30.6M down from $123.4M year ago.

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 second quarter ended June 30, 2023 results: revenue $183.9 million, EPS GAAP diluted loss per share was $0.05, compared to diluted earnings per share of $0.12 in the prior quarter, and diluted.

Period: second quarter ended June 30, 2023
Revenue: $183.9 million
EPS: GAAP diluted loss per share was $0.05, compared to diluted earnings per share of $0.12 in the prior quarter, and diluted
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 Second Quarter 2023 Financial Results • Net revenue of $183.9 million in Q2, GAAP gross margin of 55.9% and non-GAAP gross margin of 61.0% • Infrastructure revenue was $49.3 million in Q2, up 6% sequentially and up 37% YoY Carlsbad, Calif. – July

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Source: SEC EDGAR

accession 0001288469-23-000149

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