MaxLinear, Inc. Announces Second Quarter 2020 Financial Results
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MaxLinear (MXL) Tops Q2 EPS by 1c, Revenues In-Line; Offers 3Q Revenues Guidance Above Consensus
July 23, 2020 4:15 PM EDTMaxLinear (NYSE: MXL) reported Q2 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $65.2 million versus the consensus estimate of $65.25 million.
Second Quarter Financial Highlights
GAAP basis:
Net revenue was $65.2 million, up 5% sequentially, and down 21% year-on-year.GAAP gross margin was 50.2%, compared to 49.6% in the prior quarter, and 53.4% in the year-ago quarter.GAAP operating expenses were $55.5 million in the second quarter 2020, or 85% of net revenue, compared to $50.9 million in the prior quarter, or 82% of net revenue, and $47.0 million in the year-ago quarter,... More