MaxLinear, Inc. Announces Third Quarter 2019 Financial Results
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MaxLinear (MXL) Tops Q3 EPS by 2c, Revenues In-Line; Affirms Q4 Revenue Outlook Below Consensus
October 24, 2019 4:43 PM EDTMaxLinear (NYSE: MXL) reported Q3 EPS of $0.23, $0.02 better than the analyst estimate of $0.21. Revenue for the quarter came in at $80 million versus the consensus estimate of $80.04 million.
Net revenue was $80.0 million, down 3% sequentially, and down 6% year-on-year.Non-GAAP gross margin was 63.1%. This compares to 63.9% in the prior quarter, and 62.5% in the year-ago quarter.Non-GAAP operating expenses were $30.8 million, or 38% of revenue, compared to $32.8 million or 40% of revenue in the prior quarter, and $35.6 million or 42% of revenue in the year-ago... More