earnings
confidence high
sentiment negative
materiality 0.75
MaxLinear Q3 2024 revenue $81.1M, down 40% YoY; GAAP EPS -$0.90
MAXLINEAR, INC
2024-Q3 EPS reported
-$2.25
revenue$268,361,000
- Net revenue $81.1M, down 12% sequentially and 40% YoY; GAAP gross margin 54.4%.
- GAAP diluted EPS -$0.90; non-GAAP diluted EPS -$0.36; non-GAAP loss from ops 31% of revenue.
- Q4 2024 guidance: revenue $80-100M, GAAP gross margin 54-57%, non-GAAP op ex $58-64M.
- Management cites recovery in customer orders and high-speed optical interconnect run rate >1M units/year.