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.
MaxLinear, Inc. (Nasdaq: MXL) reported record net revenue of $280.0 million for Q2 2022, reflecting a 6% sequential and 36% year-over-year increase. The GAAP gross margin was 58.7%, slightly up from the previous quarter, while non-GAAP gross margin stood at 62.3%. Operating expenses rose to $125.3 million, or 45% of net revenue. GAAP diluted EPS was $0.40, a decrease from $0.42 in Q1 2022. The company anticipates Q3 revenue between $280 million to $290 million with a gross margin of 57.5% to 60.5%.
MaxLinear, Inc. (NASDAQ: MXL) will announce its second-quarter 2022 financial results on July 27, 2022, after market close. A conference call will follow at 1:30 p.m. PT (4:30 p.m. ET). The call will be hosted by CEO Kishore Seendripu and CFO Steve Litchfield. MaxLinear specializes in RF, analog, digital, and mixed-signal integrated circuits for various applications including connectivity and infrastructure solutions. For further details, visit www.maxlinear.com.
MaxLinear, Inc. (NASDAQ: MXL) announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding its acquisition of Silicon Motion Technology Corporation (NASDAQ: SIMO). The deal involves a cash and stock transaction where shareholders of Silicon Motion will receive $93.54 in cash and 0.388 shares of MaxLinear common stock for each American Depositary Share, with equivalent amounts for ordinary shares. The waiting period ended on June 27, 2022, but final closing depends on customary conditions including shareholder approval and regulatory clearance in China.
MaxLinear (NASDAQ: MXL) has announced the development of its next-generation modem, the MxL852xx, in collaboration with Aviat Networks (NASDAQ: AVNW). This integrated System on Chip (SoC) aims to enhance wireless transport networks by offering greater capacity, superior reach, and the lowest total cost of ownership. The wireless transmission market is projected to reach $17.2 billion from 2022 to 2026, driven by the ongoing 5G deployment. The MxL852xx integrates multiple functionalities, including multicore modem implementation and enhanced IP traffic management.
MaxLinear (MXL) and Qorvo (QRVO) have unveiled a joint solution targeting size, weight, and power issues in massive MIMO radios. This innovative approach combines Qorvo's GaN amplifiers and MaxLinear's MaxLIN technology, achieving a power efficiency of 55.14% with reduced power consumption. The companies emphasize this solution's potential to streamline the design and deployment of energy-efficient radio systems. The market for massive MIMO is projected to grow significantly, from $1.09 billion in 2019 to $15.79 billion by 2027, driven by increased demand for robust wireless infrastructure.
MaxLinear, Inc. (NASDAQ: MXL) announced its participation in several financial conferences in Q2 2022, highlighting its commitment to engaging with investors. Key events include the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 24, where MaxLinear's presentation is scheduled for 2:10 PM ET, and the virtual Craig-Hallum Institutional Investor Conference on June 1. Additionally, they will present at the Loop Capital Markets Conference on June 2 and the Stifel Cross Sector Insight Conference in Boston on June 7.
MaxLinear, Inc. (MXL) has announced its acquisition of Silicon Motion (SIMO) in a deal valued at $3.8 billion. This cash and stock transaction provides SIMO shareholders with $93.54 in cash and 0.388 shares of MXL per ADS, representing a 48% premium. The merger creates a semiconductor company with over $2 billion in annual revenue and expands MXL's total addressable market to $15 billion. The combined entity is expected to generate $100 million in annual synergies and enhance operating income, margin, and cash flows, leveraging technologies across various growth sectors.
MaxLinear, Inc. (NASDAQ: MXL) reported a record net revenue of $263.9 million for Q1 2022, marking a 6% sequential increase and a 26% year-over-year growth. GAAP gross margin improved to 58.6%, up from 57.2% in the previous quarter. The non-GAAP gross margin also increased to 62.8%. The company generated $134.2 million in cash flow from operations. For Q2 2022, MaxLinear anticipates revenue between $275 million to $285 million, with GAAP gross margin projected at 57% to 59%.
MaxLinear (NASDAQ: MXL) announces its collaboration with Advantech (TWSE: 2395) to integrate multiprotocol transceivers and PCIe UARTs in Industrial PCs for manufacturing. This partnership targets the growing Industrial IoT market, projected to reach USD 6.1 billion by 2026. The Advantech solution enhances production efficiency with high computing power and modular design. Both companies emphasize the importance of software configurability and architectural flexibility in modern IPCs, enhancing capabilities in industrial automation.
MaxLinear, Inc. (NASDAQ: MXL) will announce its first quarter 2022 financial results on April 27, 2022, after market close. A conference call will follow at 1:30 PM PT (4:30 PM ET) hosted by CEO Kishore Seendripu and CFO Steve Litchfield. The call will provide insights into the company’s performance in radio frequency and mixed-signal integrated circuits across various applications, affecting key stakeholders and potential investors.