MaxLinear (MXL) Tops Q1 EPS by 1c, provides outlook

MaxLinear (NASDAQ: MXL) reported Q1 EPS of ($0.21), $0.01 better than the analyst estimate of ($0.22). Revenue for the quarter came in at $95.27 million versus the consensus estimate of $94.21 million.

Second Quarter 2024 Business Outlook

The company expects net revenue in the second quarter of 2024 to be approximately $90 million to $110 million. The Company also estimates the following:

GAAP gross margin of approximately 52.5% to 56.5%;
Non-GAAP gross margin of approximately 58.5% to 61.5%;
GAAP operating expenses of approximately $103 million to $113 million;
Non-GAAP operating expenses of approximately $72 million to $78 million;
GAAP and non-GAAP interest and other expense of approximately $0.5 million to $1 million each; and
GAAP and non-GAAP diluted share count of approximately 83.5 million each.

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

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