MaxLinear, Inc. reported strong financial performance in the second quarter of 2025, with net revenue reaching $108.8 million, an 18% increase year-over-year. The company successfully returned to non-GAAP profitability with a diluted EPS of $0.02 and generated positive free cash flow, highlighting solid execution and improved market conditions.
MaxLinear, Inc. reported a net revenue of $95.9 million for the first quarter of 2025, showing a 4% sequential increase and a 1% year-over-year increase. The company achieved a GAAP gross margin of 56.1% and a non-GAAP gross margin of 59.1%. Despite a net loss of $49.7 million, the company made progress in reducing non-GAAP operating expenses and is working towards profitability and positive cash flow in Q2 2025.
MaxLinear reported a net revenue of $95.3 million for Q1 2024, a decrease of 24% sequentially and 62% year-over-year. The GAAP gross margin was 51.7%, while the non-GAAP gross margin was 60.6%. The company experienced a GAAP diluted loss per share of $0.88 and a non-GAAP diluted loss per share of $0.21.
MaxLinear reported Q4 2023 financial results with a net revenue of $125.4 million, a GAAP gross margin of 54.7%, and a non-GAAP gross margin of 61.4%. The company's GAAP diluted loss per share was $0.47, while the non-GAAP diluted earnings per share was $0.01.
MaxLinear reported Q3 2023 financial results with a net revenue of $135.5 million, a decrease of 53% year-over-year. The infrastructure category, however, saw a 1% sequential increase and a 40% year-over-year increase. The company is focused on strategic business opportunities across all end markets and laying groundwork for future growth in Wi-Fi, ethernet, fiber broadband access gateways, and wireless and optical datacenter network infrastructure.
MaxLinear reported a net revenue of $183.9 million for Q2 2023, a decrease of 26% sequentially and 34% year-over-year. Despite the challenging demand environment, the infrastructure category grew by 6% sequentially and 37% year-over-year, driven by the expansion of multi-band millimeter wave and microwave 5G wireless backhaul platform solutions.
MaxLinear reported Q1 2023 financial results with a net revenue of $248.4 million, a GAAP gross margin of 56.5%, and a non-GAAP gross margin of 60.3%. The infrastructure revenue was $46.3 million, up 46% sequentially and 40% year-over-year.
MaxLinear announced strong Q4 2022 financial results, with revenue up 2% sequentially and 17% year-over-year, reaching a record $290.6 million. The company's connectivity revenue, particularly Wi-Fi products, saw substantial growth, and the company anticipates continued long-term growth.
MaxLinear reported record net revenue of $285.7 million, a 2% increase sequentially and a 24% increase year-over-year. The company's connectivity revenue, driven by Wi-Fi products, reached $83 million, up 46% sequentially and 118% year-over-year. GAAP diluted earnings per share was $0.35, compared to diluted earnings per share of $0.40 in the prior quarter, and diluted earnings per share of $0.12 in the year-ago quarter. Non-GAAP diluted earnings per share was $1.05, compared to diluted earnings per share of $1.11 in the prior quarter, and diluted earnings per share of $0.75 in the year-ago quarter.
MaxLinear reported record net revenue of $280.0 million, a 6% sequential increase and a 36% year-over-year increase. The company saw strong cash flow from operations of approximately $123.4 million and a non-GAAP gross margin of 62.3%.
MaxLinear reported record net revenue of $263.9 million, a 6% sequential increase and a 26% year-over-year increase. The company's GAAP gross margin was 58.6%, and its non-GAAP gross margin was 62.8%.
MaxLinear reported record net revenue for Q4 2021, driven by strong growth in connectivity, broadband, and infrastructure markets. The company's non-GAAP gross margin improved due to a product mix shift towards higher value products.
MaxLinear reported record net revenue of $229.8 million for Q3 2021, a 47% increase year-over-year, and a GAAP gross margin of 56.5%. The company's growth was driven by its broadband, connectivity, and industrial and multi-market segments. MaxLinear anticipates revenue between $240 million and $250 million in Q4 2021.
MaxLinear reported Q2 2021 financial results with a net revenue of $205.4 million, up 215% year-on-year. GAAP gross margin was 54.8%, and non-GAAP gross margin was 60.2%. The company expects strong sales growth to continue into Q3 across all end-markets.
MaxLinear reported record net revenue of $209.4 million for Q1 2021, an 8% increase sequentially and a 238% increase year-over-year, driven by strong demand for infrastructure and broadband access products. The company's cash flow from operations was approximately $40.3 million, with a non-GAAP gross margin of 58.6%.
MaxLinear announced record net revenue of $194.7 million for Q4 2020, a 24% increase sequentially and a 178% increase year-over-year. The company's performance was driven by continued strength from Broadband and Wi-Fi product contributions. GAAP diluted loss per share was $0.33, while non-GAAP diluted earnings per share was $0.39.
MaxLinear reported record net revenue of $156.6 million for Q3 2020, a 140% increase sequentially and 96% year-over-year. The company's strong performance was driven by improvements in its infrastructure business and continued strength in Broadband and WiFi product contributions. The company also completed acquisitions of Intel’s Home Gateway Platform Division and NanoSemi, Inc.
MaxLinear reported Q2 2020 financial results with revenue of $65.2 million, a GAAP gross margin of 50.2%, and a GAAP diluted loss per share of $0.30. The company's business showed solid improvements due to stronger-than-expected revenues in broadband and analog product sales recovery. The acquisition of Intel’s Home Gateway Platform Division is on track to close during the current quarter ending September 30, 2020.
MaxLinear reported a decrease in revenue and a loss from operations for the first quarter of 2020. While revenue was in line with preliminary guidance, it was down both sequentially and year-on-year. The company is focusing on new product areas like 400 and 100Gbps PAM4 fiber optic data center products and 5G wireless access market.
MaxLinear reported Q4 2019 financial results with revenue in line with guidance, strong gross margin, and decreased operating expenses. The company delivered strong cash flow from operations and secured a new design-win for its 5G Wireless radio transceiver.