Maxlinear Stock Price, News & Analysis

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.

MaxLinear has announced the launch of the MXL76125, a 15 Amp Step-Down Switching Regulator designed for its Wi-Fi 7 System on Chips (SoCs). This product enhances power management by allowing the SoC to adjust its core voltage dynamically, optimizing performance while saving power. The MXL76125 supports both 5V and 12V inputs and is optimized for low noise and stable power delivery, crucial for passing Wi-Fi FCC qualification tests. Additionally, it enhances MaxLinear's competitive edge by simplifying system architecture and reduces development time for manufacturers.

MaxLinear, Inc. (Nasdaq: MXL) and ColorChip have announced a collaboration to deliver a suite of optical and electrical interconnect solutions for data center applications. Leveraging MaxLinear’s advanced 5nm Keystone DSP technology, ColorChip aims to provide the industry’s lowest power consumption modules, including 13W 800G-DR8 optical modules. These innovations will be showcased at OFC 2023, highlighting solutions for 400G, 800G, and 1.6T applications. This partnership is expected to benefit customers by offering high-performance, energy-efficient solutions.

MaxLinear has launched the Keystone family of DSPs, featuring the industry's first 5nm CMOS 800Gbps PAM4 DSP for hyperscale data centers. These DSPs are designed for 400G and 800G data interconnect applications, enabling lower power consumption and compact form factors. The global hyperscale data center market is projected to grow from $62B in 2021 to approximately $593B by 2030, emphasizing the need for energy-efficient solutions. Keystone DSPs support various optical transmission methods and will be displayed at the OFC Conference from March 7-9, 2023. The product aims to meet increasing bandwidth demands while minimizing operational costs and environmental impact.

MaxLinear, Inc. (NASDAQ: MXL) has partnered with EdgeQ to launch an all-in-one small cell reference design that integrates 4G, 5G, and compute capabilities. This innovative platform is expected to streamline the development of small cell base stations, enhancing efficiency and performance. The solution is noted to be up to 50% more efficient than competitors and designed for scalability in response to evolving 5G demands. This partnership aims to support a growing market for small cell RANs, projected to see a revenue increase exceeding 20% by 2027 according to Dell’Oro.

MaxLinear, Inc. (NASDAQ: MXL) has partnered with SAMJI, a wireless network solutions provider, to utilize the MxL1600 RF transceivers and MaxLIN technologies in SAMJI's innovative n77 Sharing Distributed Antenna System (DAS), designed for multi-operator use. This collaboration aims to address the 5G market's demands for rapid deployment and increased capacity, with the DAS market projected to grow from US$8.4 billion in 2022 to US$12.5 billion by 2030 at a CAGR of 5.1%. The partnership emphasizes MaxLinear's commitment to advancing 5G solutions, notably through enhanced power efficiency and faster market readiness.