MaxLinear Q4 2023 rev $125.4M (-57% YoY), FY rev $693.3M (-38%); guides Q1 $85-105M

MAXLINEAR, INC

2023-FY EPS reported -$0.91 revenue$693,263,000

Q4 net revenue $125.4M, down 57% YoY and 8% sequentially; GAAP gross margin 54.7%.
GAAP diluted loss per share $0.47; non-GAAP diluted EPS $0.01.
FY23 revenue $693.3M, down 38% YoY; non-GAAP diluted EPS $1.10 vs $4.23 prior year.
Q1 2024 revenue guidance $85M-$105M, significantly below Q4's $125.4M.
Non-GAAP gross margin Q4 61.4% (up from 59.6% YoY); wireless infrastructure grew 30% in FY23.

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 1.0

MAXLINEAR, INC reported fourth quarter ended December 31, 2023 results: revenue $125.4 million, EPS $0.01. Guidance reaffirmed.

Period: fourth quarter ended December 31, 2023
Revenue: $125.4 million
EPS: $0.01
Guidance: reaffirmed
Result: reported results

Exact text from the filing

reference in such a filing. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE MaxLinear, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results • Net revenue of $125.4 million in Q4, GAAP gross margin of 54.7% and non-GAAP gross margin of 61.4% • FY23 revenue of $693.3 million, GAAP gross margin of 55.6% and non-GAAP gross margin of 60.8% Carlsbad,

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MAXLINEAR, INC reported fiscal year ended December 31, 2023 results: revenue $693.3 million, EPS $1.10.

Period: fiscal year ended December 31, 2023
Revenue: $693.3 million
EPS: $1.10
Result: reported results

Exact text from the filing

Fourth Quarter and Fiscal Year 2023 Financial Results • Net revenue of $125.4 million in Q4, GAAP gross margin of 54.7% and non-GAAP gross margin of 61.4% • FY23 revenue of $693.3 million, GAAP gross margin of 55.6% and non-GAAP gross margin of 60.8% Carlsbad, Calif. – January 31, 2024 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF),

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Source: SEC EDGAR

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