MaxLinear (MXL) Reports In-Line Q2 EPS, Guidance Misses

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Go back to MaxLinear (MXL) Reports In-Line Q2 EPS, Guidance Misses

MaxLinear, Inc. Announces Second Quarter 2023 Financial Results

July 26, 2023 4:18 PM EDT

Net revenue of $183.9 million in Q2, GAAP gross margin of 55.9% and non-GAAP gross margin of 61.0% Infrastructure revenue was $49.3 million in Q2, up 6% sequentially and up 37% YoY

CARLSBAD, Calif.--(BUSINESS WIRE)-- MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the second quarter ended June 30, 2023.

Second Quarter Financial Highlights

GAAP basis:

Net revenue was $183.9 million, down 26% sequentially and down 34%... More