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Jun 30, 2022
MaxLinear Q2 2022 Earnings Report
MaxLinear's financial performance for Q2 2022 was announced, featuring record net revenue and strong demand across all product portfolios.
Key Takeaways
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%.
Net revenue reached a record $280.0 million, up 6% sequentially and 36% year-over-year.
Connectivity category revenue increased by nearly 80% year-over-year, driven by Wi-Fi 6.
Cash flow from operations was approximately $123.4 million.
Non-GAAP gross margin was 62.3%.
MaxLinear
MaxLinear
Forward Guidance
The company expects revenue in the third quarter 2022 to be approximately $280 million to $290 million.
Positive Outlook
- GAAP gross margin of approximately 57.5% to 60.5%
- Non-GAAP gross margin of approximately 60.5% to 63.5%
- GAAP operating expenses of approximately $115 million to $121 million
- Non-GAAP operating expenses of approximately $81 million to $87 million
- GAAP and non-GAAP interest and other expense of approximately $3.5 million