MaxLinear (MXL) Misses Q2 EPS by 6c ; Offers Guidance

MaxLinear (NASDAQ: MXL) reported Q2 EPS of ($0.25), $0.06 worse than the analyst estimate of ($0.19). Revenue for the quarter came in at $92 million versus the consensus estimate of $100.24 million.

GUIDANCE:

MaxLinear sees Q3 2024 revenue of $70-90 million, versus the consensus of $112.1 million.

GAAP gross margin of approximately 52.5% to 55.5%;
Non-GAAP gross margin of approximately 57.0% to 60.0%;
GAAP operating expenses of approximately $102 million to $108 million;
Non-GAAP operating expenses of approximately $70 million to $76 million;
GAAP and non-GAAP interest and other expense of approximately $0 to $2.0 million each; and
GAAP and non-GAAP diluted share count of approximately 84.1 million each.

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

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