Apr. 23 at 9:06 PM
$MXL MaxLinear reports Q1 EPS (5c), consensus (5c)
Reports Q1 revenue
$95.933M, consensus
$94.93M. "Our Q1 results reflect the continued growth and recovery of our business," said Kishore Seendripu, Ph.D., Chairman and CEO. "We exceeded the midpoint of our revenue guidance, delivered a meaningful reduction in non-GAAP operating expenses, and made strong progress towards our return-to-profitability and generation of positive cash flow, which we expect to achieve in the second quarter of 2025.
We are confident that the investments we've made in high-value categories such as high-speed interconnect for the data center, multi-gigabit PON access, Wi-Fi connectivity, ethernet, and wireless infrastructure will result in strong product traction and revenue growth with Tier-1 customers and partners. Our solid progress on new products, coupled with the ongoing industry recovery, will drive continued growth and market share expansion in 2025 and beyond."
