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MaxLinear MXL Q1 2024 earnings

Reported April 24, 2024 · After market close

Revenue$95.3MBeat by $1.3M
EPS-$0.21Miss by $0.01
Revenue estimate$93.9M
EPS estimate-$0.20

Next report

Oct 22, 2026 (in 3 months)
Revenue estimate$207.4M
EPS estimate$0.56

Financials

Q1 2024

Income statement

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Revenue$95.3M-61.7%
Gross profit$49.3M-64.9%
Operating income-$74.6M-374%
Net income-$72.3M-859%
EPS (diluted)-$0.88-833%

Balance sheet

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Cash & equivalents$191.9M-7.7%
Total debt$155.6M+1.6%
Total equity$638.0M-13.1%
Total assets$1.0B-14.0%

Cash flow

See full
Operating cash flow$16.0M-62.1%
CapEx$8.3M+59.9%
Free cash flow$7.6M-79.4%

Valuation & ratios

Valuation

as of 03/31/24
See full
Market cap$1.54B-45.7%
Enterprise value$1.5B-46.0%
P/S2.8×+0.3×

Profitability

See full
Gross margin54.6%-3.0pp
Operating margin-25.9%-40.4pp
Net margin-28.7%-37.8pp

Returns & leverage

See full
Return on equity-22.6%-38.6pp
Debt / equity0.2×0.0×
Current ratio0.0×

Segments

By product

See full
Broadband$33.1M-59.5%
Infrastructure$32.6M-29.6%
Industrial and multi-market$19.9M-63.3%
Connectivity$9.7M-85.3%

By geography

See full
Asia$55.8M-71.0%
Europe$7.4M-81.5%
Rest of world$1.5M-57.2%

By segment

See full
Reportable Segment$95.3M-45.0%

Versus estimates

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Questions, answered.

When did MaxLinear report Q1 2024 earnings?
MaxLinear (MXL) reported Q1 2024 earnings on April 24, 2024 after market close.
What were MaxLinear's Q1 2024 revenue and EPS?
MaxLinear reported revenue of $95.3M and eps of $-0.21 for Q1 2024.
Did MaxLinear beat estimates in Q1 2024?
Revenue beat the consensus estimate of $93.9M by $1.3M. EPS missed the consensus estimate of $-0.20 by $0.01.
Where can I find MaxLinear's Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001288469-24-000064) directly on SEC EDGAR. The filing index links above go to sec.gov.