MaxLinear Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

MaxLinear (NASDAQ:MXL) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$92.0m (down 50% from 2Q 2023).
• Net loss: US$39.3m (loss widened by US$34.9m from 2Q 2023).
• US$0.47 loss per share (further deteriorated from US$0.054 loss in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

MaxLinear EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 8.2%. Earnings per share (EPS) exceeded analyst estimates by 25%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 43% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with MaxLinear.

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