Maxlinear ( (MXL) ) has released its Q4 earnings. Here is a breakdown of the information Maxlinear presented to its investors.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
MaxLinear, Inc. operates in the semiconductor industry, specializing in radio frequency (RF), analog, digital, and mixed-signal integrated circuits for various connectivity and infrastructure applications.
In its latest earnings report, MaxLinear announced its financial results for the fourth quarter and fiscal year 2024, revealing some challenging metrics amidst sequential revenue growth.
For the fourth quarter, MaxLinear reported a net revenue of $92.2 million, experiencing a 14% increase from the previous quarter but a 26% decrease compared to the same period last year. The company’s GAAP gross margin improved to 55.6%, while operating expenses accounted for 100% of the net revenue, resulting in a GAAP loss from operations of 45%. On a non-GAAP basis, the gross margin was slightly higher at 59.1%, with operating expenses reduced to 67% of net revenue. The fiscal year 2024 concluded with a net revenue of $360.5 million, marking a 48% decline from the previous year, and a GAAP operating loss from operations of 62%.
CEO Kishore Seendripu highlighted improvement in customer orders and product traction, particularly in the optical interconnect business, which bodes well for the company’s growth prospects in 2025. MaxLinear aims to leverage its strategic investments in fiber broadband, Wi-Fi, and Ethernet to expand its total addressable market (TAM) and work towards profitability in the upcoming quarters.
Looking ahead, MaxLinear projects its first quarter 2025 revenue to range between $85 million and $105 million, with a focus on maintaining gross margins and managing operating expenses efficiently, reflecting cautious optimism and strategic focus on a return to growth.
