MaxLinear Q1 revenue $95.3M, down 62% YoY; GAAP loss per share $0.88

MAXLINEAR, INC

2024-Q1 EPS reported -$0.88 revenue$95,269,000

Net revenue $95.3M, down 24% sequential and 62% YoY; GAAP gross margin 51.7%.
GAAP diluted loss per share $0.88; non-GAAP diluted loss per share $0.21.
Non-GAAP loss from operations was 18% of revenue vs income of 1% in prior quarter.
Q2 guidance: revenue $90M-$110M; non-GAAP gross margin 58.5%-61.5%.
CEO says revenue has bottomed and expects sequential growth throughout 2024.

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 0.98

MAXLINEAR, INC reported the first quarter ended March 31, 2024 results: revenue $95.3 million, EPS GAAP diluted loss per share was $0.88.

Period: the first quarter ended March 31, 2024
Revenue: $95.3 million
EPS: GAAP diluted loss per share was $0.88
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 2024 Financial Results • Net revenue of $95.3 million in Q1, GAAP gross margin of 51.7% and non-GAAP gross margin of 60.6% Carlsbad, Calif. – April 24, 2024 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency

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Source: SEC EDGAR

accession 0001288469-24-000063

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