secwatch.observer — SEC 8-K summary
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Issuer:     MAXLINEAR, INC (MXL)
CIK:        0001288469
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001288469-23-000164
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1288469/000128846923000164/0001288469-23-000164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1288469/000128846923000164/mxl-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001288469-23-000164

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer