MaxLinear (MXL) Reports In-Line Q1 EPS
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MaxLinear, Inc. Announces First Quarter 2020 Financial Results
April 29, 2020 4:05 PM EDTCARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear, Inc. (NYSE: MXL), a leading provider of RF, analog and mixed-signal integrated circuits for the connected home, and industrial and multi-market applications, today announced financial results for the first quarter ended March 31, 2020.
First Quarter Financial Highlights
GAAP basis:
Net revenue was $62.0 million, down 11% sequentially, and down 27% year-on-year. GAAP gross margin was 49.6%, compared to 52.3% in the prior quarter, and 53.3% in the year-ago quarter. GAAP operating expenses were $50.9 million in the first quarter 2020, or 82% of net revenue, compared... More