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Stock impact report

MaxLinear, Inc. Announces First Quarter 2024 Financial Results [Yahoo! Finance]

MaxLinear, Inc (MXL) 
Last maxlinear, inc earnings: 4/29 04:05 pm Check Earnings Report
US:NYSE Investor Relations: investors.maxlinear.com
Company Research Source: Yahoo! Finance
CARLSBAD, Calif., April 24, 2024 BUSINESS WIRE )--MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights GAAP basis: Net revenue was $95.3 million, down 24% sequentially and down 62% year-over-year. GAAP gross margin was 51.7%, compared to 54.7% in the prior quarter, and 56.5% in the year-ago quarter. GAAP operating expenses were $123.9 million in the first quarter 2024, or 130% of net revenue, compared to $110.3 million in the prior quarter, or 88% of net revenue, and $113.0 million in the year-ago quarter, or 45% of net revenue. GAAP loss from operations was 78% of net revenue, compared to loss from operations of 33% of net revenue in the prior quarter, and income from operations of 11% of net revenue in the year-ago quarter. Net cash flow provided by operating activities was $16.0 mi Show less Read more
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