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

MaxLinear (NASDAQ: MXL) reported Q2 EPS of $0.34, in-line with the analyst estimate of $0.34. Revenue for the quarter came in at $183.9 million versus the consensus estimate of $190.46 million.

GUIDANCE:

MaxLinear sees Q3 2023 revenue of $125-155 million, versus the consensus of $184.5 million.

• GAAP gross margin of approximately 53.0% to 56.0%;
• Non-GAAP gross margin of approximately 59.5% to 62.5%;
• GAAP operating expenses of approximately $104 million to $110 million;
• Non-GAAP operating expenses of approximately $75 million to $81 million;
• GAAP and non-GAAP interest and other expenses each approximately $5 million; and
• GAAP and non-GAAP diluted share count of 82 million to 83 million each.

For earnings history and earnings-related data on MaxLinear (MXL) click here.

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