Maxlinear Stock Price, News & Analysis

MaxLinear (Nasdaq: MXL) will showcase its Panther III storage acceleration solution at the Future of Memory and Storage 2024 trade show. Panther III offers significant advantages over software-only solutions, including:

- Up to 40x more throughput
- Up to 190x better latency
- Up to 1000x less CPU utilization
- 12:1 data reduction ratio

These improvements lead to substantial cost savings in flash drives and CPU cores. Panther III consolidates compression, deduplication, encryption, data protection, and real-time validation in a single hardware-based solution, addressing the growing demands of data center administrators and dataset owners in the rapidly expanding cloud storage market.

MaxLinear (NASDAQ: MXL), a provider of RF, analog, digital, and mixed-signal ICs, announced Q2 2024 financial results. Net revenue was $92.0 million, down 3% sequentially and 50% YoY.

GAAP gross margin rose to 54.6% from 51.7% in the prior quarter but down from 55.9% YoY. GAAP operating expenses were $91.0 million, or 99% of net revenue. GAAP loss from operations was 44% of revenue, improving from 78% in the prior quarter, but worse than 3% YoY. Net cash flow used in operating activities was $2.7 million, reversing from positive $16.0 million in the prior quarter.

GAAP diluted loss per share was $0.47, compared to $0.88 in the previous quarter and $0.05 YoY. Non-GAAP gross margin was 60.2%, and non-GAAP operating expenses were $74.8 million. Non-GAAP loss from operations was 21% of revenue, compared to the prior quarter's 18% loss. Non-GAAP diluted loss per share was $0.25.

The company anticipates Q3 2024 revenues between $70 million and $90 million, with GAAP gross margin between 52.5% and 55.5%.

MaxLinear, a provider of RF, analog, digital, and mixed-signal integrated circuits, announced it will release its Q2 2024 financial results after market close on July 24, 2024. A corresponding conference call, hosted by CEO Kishore Seendripu and CFO Steve Litchfield, will be held at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors can join the call via toll-free and international numbers or through a webcast available on the company's investor relations website.

MaxLinear (NASDAQ: MXL), a leader in RF, analog, digital, and mixed-signal integrated circuits, has announced the issuance of new employee inducement grants under its 2024 Inducement Equity Incentive Plan. These equity awards were approved by the Compensation Committee of the Board of Directors and are aimed at newly hired employees. More details can be found on MaxLinear's investor relations website.

MaxLinear (Nasdaq: MXL) has unveiled a new range of 2.5G Ethernet switches and PHYs, including 7-and 10-port switches and 8-port PHYs, designed for both consumer and industrial applications. The new solutions deliver industry-leading low power consumption, extensive feature sets, and large packet buffer capabilities.

The product line enhances MaxLinear's existing Ethernet offerings, which already include 10/100, 1G, and 2.5G bridges, PHYs, and switches. Key features include IGMPv3, MLPv1,2, LACP, PTP, SyncE, MACsec, and 10G SERDES uplink ports. The 8-port PHYs operate at 600mW per port.

The launch aims to meet increasing data rates and bandwidth demands driven by digital data traffic, data centers, IoT, machine learning, and AI, while addressing energy efficiency and compact design needs.

MaxLinear (Nasdaq: MXL) has announced its participation in key financial conferences in Q2 2024. The company, known for its RF, analog, digital, and mixed-signal integrated circuits, will present at the Stifel 2024 Cross Sector Insight Conference in Boston on June 5th at 1:15 p.m. ET. Additionally, MaxLinear will participate in the Northland Securities Growth Conference on June 25th. Investors can access a webcast of the Stifel conference session at the company’s investor relations website.