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Dec 31, 2019
MaxLinear Q4 2019 Earnings Report
Revenue decreased, gross margin remained strong, and operating expenses declined due to continued discipline.
Key Takeaways
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.
Net revenue was $70.0 million, down 12% sequentially and 20% year-on-year.
GAAP gross margin was 52.3%.
GAAP operating expenses were $44.6 million, or 64% of net revenue.
Non-GAAP diluted earnings per share was $0.16.
Forward Guidance
The company expects revenue in the first quarter 2020 to be approximately $65 million to $70 million. The Company also estimates the following:•GAAP gross margin of approximately 53.5% to 54.0%; •Non-GAAP gross margin of approximately 63.5% to 64.0%;•GAAP operating expenses of approximately $46.5 million to $47.5 million; and•Non-GAAP operating expenses of approximately $32.0 million to $32.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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