Welcome to our dedicated page for Maxlinear news (Ticker: MXL), a resource for investors and traders seeking the latest updates and insights on Maxlinear stock.
MaxLinear, Inc. develops radio frequency, analog, digital and mixed-signal integrated circuits for connectivity and data-movement applications. Company news commonly covers product introductions across AI data center interconnects, optical and copper networking, broadband access platforms, industrial transceivers and power-management components.
Recurring updates include financial results, conference-call announcements and portfolio developments involving products such as Panther storage accelerators, Washington transimpedance amplifiers, Rushmore DSPs, Annapurna retimers and MxL8323x RS-485/RS-422 transceivers. These announcements tie MaxLinear’s semiconductor portfolio to data centers, metro and wireless transport networks, cable, fiber, DSL, fixed wireless access gateways and industrial control systems.
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MaxLinear, Inc. (MXL) reported its Q1 2023 financial results, showcasing net revenue of $248.4 million, down 15% sequentially and 6% year-over-year. The company achieved a GAAP gross margin of 56.5% and a non-GAAP gross margin of 60.3%. Operating expenses were $113 million, accounting for 45% of net revenue, indicating fiscal discipline amidst challenging demand. Notably, infrastructure revenue surged 46% sequentially and 40% year-over-year, driven by the 5G rollout. GAAP diluted earnings per share stood at $0.12, down from $0.38 in the previous quarter. Looking ahead, the company anticipates Q2 2023 net revenue between $175 million and $205 million, suggesting a cautious outlook as they navigate a challenging market.
MaxLinear, Inc. (NASDAQ: MXL) is set to release its financial results for the first quarter of 2023 on April 26, 2023, after market close. A conference call will follow at 1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time hosted by CEO Kishore Seendripu and CFO Steve Litchfield. MaxLinear specializes in radio frequency, analog, digital, and mixed-signal integrated circuits for various applications including wired and wireless infrastructure.
Investors and stakeholders are encouraged to participate in the call to gain insights into the company’s performance and future outlook.