MaxLinear (MXL) Tops Q2 EPS by 1c, Revenues In-Line; Offers 3Q Revenues Guidance Above Consensus
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MaxLinear, Inc. Announces Second Quarter 2020 Financial Results
July 23, 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, wired and wireless infrastructure, and industrial and multi-market applications, today announced financial results for the second quarter ended June 30, 2020.
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... More