MaxLinear, Inc. Announces First Quarter 2020 Financial Results
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MaxLinear (MXL) Reports In-Line Q1 EPS
April 29, 2020 5:03 PM EDTMaxLinear (NYSE: MXL) reported Q1 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $62 million versus the consensus estimate of $62.63 million.
Non-GAAP basis:
Non-GAAP gross margin was 63.8%. This compares to 64.6% in the prior quarter, and 63.5% in the year-ago quarter.Non-GAAP operating expenses were $31.7 million, or 51% of revenue, compared to $30.0 million or 43% of revenue in the prior quarter, and $35.7 million or 42% of revenue in the year-ago quarter.Non-GAAP income from operations was 13% of revenue, compared to 22% in the prior quarter, and 21% in the year-ago... More