MaxLinear Q4 revenue $92.2M, down 26% YoY; FY2024 revenue $360.5M, down 48% YoY; guides Q1 $85-105M

MAXLINEAR, INC

2024-FY EPS reported -$2.93 revenue$360,528,000

Q4 net revenue $92.2M (+14% seq, -26% YoY); GAAP EPS -$0.68, non-GAAP EPS -$0.09.
FY2024 net revenue $360.5M (-48% YoY); GAAP EPS -$2.93, non-GAAP EPS -$0.90; net cash used in ops $45.3M.
Q1 2025 guidance: revenue $85M-$105M; GAAP gross margin 54.5%-57.5%; non-GAAP gross margin 57.5%-60.5%.
CEO cites optical interconnect shipments >1M units; targeting profitability in coming quarters.

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