MaxLinear Q3 revenue $135.5M (-53% YoY); GAAP loss $0.49/share; guides Q4 lower

MAXLINEAR, INC

2023-Q3 EPS reported -$0.43 revenue$567,910,000

Net revenue of $135.5M, down 26% sequentially and 53% YoY; infrastructure revenue up 40% YoY to $50M.
GAAP gross margin 54.6% (down from 58.6% YoY); non-GAAP gross margin 60.8% (down from 62.0% YoY).
GAAP diluted loss per share $0.49 vs. EPS of $0.35 in Q3 2022; non-GAAP diluted EPS $0.02 vs. $1.05 YoY.
Operating cash flow negative $12.8M; Q3 GAAP operating loss 13% of revenue vs. income of 18% a year ago.
Q4 guidance: revenue $115M-$135M, GAAP gross margin 52.5%-55.5%, non-GAAP OpEx $72M-$78M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MAXLINEAR, INC reported the third quarter ended September 30, 2023 results: revenue $135.5 million, EPS GAAP diluted loss per share was $0.49. Guidance reaffirmed.

Period: the third quarter ended September 30, 2023
Revenue: $135.5 million
EPS: GAAP diluted loss per share was $0.49
Guidance: reaffirmed
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 Third Quarter 2023 Financial Results • Net revenue of $135.5 million in Q3, GAAP gross margin of 54.6% and non-GAAP gross margin of 60.8% • Infrastructure revenue was $50.0 million in Q3, up 1% sequentially and up 40% YoY Carlsbad, Calif. –

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accession 0001288469-23-000164

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