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Mar 31, 2022
MaxLinear Q1 2022 Earnings Report
Announced first quarter 2022 financial results.
Key Takeaways
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%.
Net revenue was $263.9 million, up 6% sequentially and 26% year-over-year.
GAAP gross margin was 58.6%, an increase from 57.2% in the prior quarter.
GAAP diluted earnings per share was $0.42, compared to $0.35 in the prior quarter.
Non-GAAP diluted earnings per share was $1.00, compared to $0.86 in the prior quarter.
MaxLinear
MaxLinear
Forward Guidance
The company expects revenue in the second quarter 2022 to be approximately $275 million to $285 million.
Positive Outlook
- GAAP gross margin of approximately 57% to 59%
- Non-GAAP gross margin of approximately 61% to 63%
- GAAP operating expenses of approximately $112 million to $118 million
- Non-GAAP operating expenses of approximately $80 million to $86 million
- GAAP and non-GAAP interest and other expense of approximately $3 million