NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against MaxLinear, Inc. (NASDAQ: MXL) and Domino's Pizza, Inc. (NSYE: DPZ). Our investigations concern whether these companies have violated the federal securities laws and/or engaged in other unlawful business practices. Additional information about each case can be found at the link provided. MaxLinear, Inc. (NASDAQ: MXL) Following the close of the ...

Core Insights - MaxLinear, Inc. is under investigation for potential violations of federal securities laws, which has led to a significant decline in its stock price [2][6]. - The company reported a net revenue of $92 million for Q2 2024, representing a 50% decrease year-over-year, attributed to a prolonged burn-off of excess customer inventory and weakened demand [7]. Group 1: Company Overview - MaxLinear provides integrated radio-frequency analog and mixed-signal semiconductor products for broadband communications applications [3]. Group 2: Stock Performance - Following the announcement of its earnings results on July 24, 2024, MaxLinear's stock price closed at $22.29 per share, dropping from a pre-market trading price of $16.40, a decline of $5.89 per share or 26% [6].

Investment Rating - The report does not explicitly state an investment rating for the company Core Insights - The company has experienced a significant decline in revenue, with Q2 2024 revenue reported at $91.99 million, a decrease of 50% year-over-year and 3% quarter-over-quarter, primarily due to weak broadband demand and a sluggish telecom market [41][63] - The company expects Q3 2024 revenue to be between $70 million and $90 million, with a GAAP gross margin projected at approximately 52.5% to 55.5% [4][32][68] - The company has achieved continuous improvement in orders over the past four quarters, although the recovery has not yet reached expected levels [7] Revenue Breakdown - For Q2 2024, the revenue by segment was as follows: Broadband revenue was $21.83 million, Connectivity revenue was $13.26 million, Infrastructure revenue was $31.79 million, and Industrial and multi-market revenue was $25.11 million [41][66] - The revenue by region for Q2 2024 was: Asia $72.43 million (79%), Europe $11.38 million (12%), United States $7.15 million (9%), and Other regions $1.03 million (1%) [66][67] Future Outlook - The company anticipates that its optical interconnect business will exceed $30 million in revenue this year, driven by ongoing collaborations with major data center clients [71] - The company is optimistic about the demand for PON (Passive Optical Network) market in 2025, particularly with Tier 1 customers [75] - The company plans to reduce non-GAAP operating expenses by approximately 20% to 25% in FY2025 compared to FY2024 [53][105]

NEW YORK, July 25, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into MaxLinear, Inc. (NASDAQ: MXL) for potential violations of the federal securities laws. If you invested in MaxLinear, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/maxlinear-inc. Why Did MaxLinear's Stock Drop? MaxLinear provides integrated radio-frequency analog and mixed-signal semiconductor products for broadband co ...

This quarterly report represents an earnings surprise of -25%. A quarter ago, it was expected that this chipmaker would post a loss of $0.20 per share when it actually produced a loss of $0.21, delivering a surprise of -5%. MaxLinear, which belongs to the Zacks Semiconductor - Analog and Mixed industry, posted revenues of $91.99 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 8.03%. This compares to year-ago revenues of $183.94 million. The company has topped consensus reven ...

13. Leases Operating Leases Operating lease arrangements primarily consist of office leases expiring in various years through 2029. These leases have original terms of approximately 2 to 8 years and some contain options to extend the lease up to 5 years or terminate the lease, which are included in right-of-use assets and lease liabilities when the Company is reasonably certain it will renew the underlying leases. Since the implicit rate of such leases is unknown and the Company is not reasonably certain to ...

[MaxLinear, Inc. Second Quarter 2024 Financial Results](index=1&type=section&id=MaxLinear%2C%20Inc.%20Second%20Quarter%202024%20Financial%20Results) MaxLinear reported its second quarter 2024 financial results, detailing Q2 performance, management's strategic commentary, and providing guidance for the third quarter [Second Quarter 2024 Financial Highlights](index=1&type=section&id=Second%20Quarter%202024%20Financial%20Highlights) MaxLinear reported Q2 2024 net revenue of $92.0 million, a 50% year-over-year decrease, with GAAP diluted loss per share of $0.47 and non-GAAP loss of $0.25 Q2 2024 Key Financial Metrics (GAAP) | Metric | Q2 2024 | Q1 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | Net Revenue (Millions USD) | $92.0 | $95.3 | $183.9 | | Gross Margin | 54.6% | 51.7% | 55.9% | | Loss from Operations (Millions USD) | ($40.8) | ($74.6) | ($5.9) | | Diluted Loss per Share (USD) | ($0.47) | ($0.88) | ($0.05) | Q2 2024 Key Financial Metrics (Non-GAAP) | Metric | Q2 2024 | Q1 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | Gross Margin | 60.2% | 60.6% | 61.0% | | Loss from Operations (% of revenue) | (21%) | (18%) | 16% (Income) | | Diluted Loss per Share (USD) | ($0.25) | ($0.21) | $0.34 (Earnings) | - Net cash flow used in operating activities was **$2.7 million**, a sharp contrast to the **$30.6 million** provided by operating activities in the year-ago quarter[11](index=11&type=chunk)[28](index=28&type=chunk) [Management Commentary](index=1&type=section&id=Management%20Commentary) Management expressed confidence in infrastructure market progress and new product traction in Ethernet, Wi-Fi 7, and fiber PON gateways - The company is confident in its progress in the infrastructure market with wireless and optical interconnect products, despite awaiting a broader broadband market recovery[7](index=7&type=chunk) - New products addressing additional total addressable market (TAM) in Ethernet, storage, Wi-Fi 7, and fiber PON gateways have strong customer traction and are expected to drive meaningful growth[7](index=7&type=chunk) - The strategic focus is on optimizing efforts around these new opportunities to maximize value for customers and shareholders[7](index=7&type=chunk) [Third Quarter 2024 Business Outlook](index=1&type=section&id=Third%20Quarter%202024%20Business%20Outlook) MaxLinear anticipates Q3 2024 net revenue between $70 million and $90 million, with non-GAAP gross margin of 57.0% to 60.0% Q3 2024 Guidance | Metric | Guidance Range | | :--- | :--- | | Net Revenue (Millions USD) | $70 - $90 | | GAAP Gross Margin | 52.5% - 55.5% | | Non-GAAP Gross Margin | 57.0% - 60.0% | | GAAP Operating Expenses (Millions USD) | $102 - $108 | | Non-GAAP Operating Expenses (Millions USD) | $70 - $76 | | Diluted Share Count (Millions) | ~84.1 | [Financial Statements](index=6&type=section&id=Financial%20Statements) This section presents MaxLinear's unaudited GAAP consolidated financial statements, including statements of operations, balance sheets, and cash flows [Consolidated Statements of Operations](index=6&type=section&id=UNAUDITED%20GAAP%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) MaxLinear reported a Q2 2024 net loss of $39.3 million, improving sequentially but declining year-over-year, with a six-month net loss of $111.6 million Quarterly Statement of Operations Highlights (in thousands) | Metric | Q2 2024 (Thousands USD) | Q1 2024 (Thousands USD) | Q2 2023 (Thousands USD) | | :--- | :--- | :--- | :--- | | Net Revenue | $91,990 | $95,269 | $183,938 | | Gross Profit | $50,186 | $49,268 | $102,873 | | Loss from Operations | ($40,820) | ($74,616) | ($5,937) | | Net Loss | ($39,266) | ($72,309) | ($4,351) | | Diluted Loss per Share (USD) | ($0.47) | ($0.88) | ($0.05) | Six-Month Statement of Operations Highlights (in thousands) | Metric | Six Months Ended June 30, 2024 (Thousands USD) | Six Months Ended June 30, 2023 (Thousands USD) | | :--- | :--- | :--- | | Net Revenue | $187,259 | $432,380 | | Gross Profit | $99,454 | $243,180 | | Loss from Operations | ($115,436) | $21,340 (Income) | | Net Loss | ($111,575) | $5,182 (Income) | | Diluted Loss per Share (USD) | ($1.35) | $0.06 (Income) | [Condensed Consolidated Balance Sheets](index=10&type=section&id=UNAUDITED%20GAAP%20CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) MaxLinear's total assets decreased to $973.2 million as of June 30, 2024, primarily due to reductions in cash, receivables, and inventory Balance Sheet Highlights (in thousands) | Metric | June 30, 2024 (Thousands USD) | March 31, 2024 (Thousands USD) | June 30, 2023 (Thousands USD) | | :--- | :--- | :--- | :--- | | Cash and cash equivalents | $185,108 | $191,882 | $224,579 | | Total current assets | $397,581 | $444,679 | $554,491 | | Total assets | $973,197 | $1,030,625 | $1,161,480 | | Total current liabilities | $190,277 | $223,854 | $241,729 | | Stockholders' equity | $617,255 | $637,983 | $746,047 | [Consolidated Statements of Cash Flows](index=8&type=section&id=UNAUDITED%20GAAP%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) MaxLinear used $2.7 million in cash from operating activities in Q2 2024, a significant shift from prior periods, ending with $186.1 million in cash - Net cash used in operating activities was **$2.7 million** for Q2 2024, compared to net cash provided of **$16.0 million** in Q1 2024 and **$30.6 million** in Q2 2023[28](index=28&type=chunk) - For the six months ended June 30, 2024, net cash provided by operating activities was **$13.3 million**, a sharp decline from **$72.7 million** in the same period of 2023[54](index=54&type=chunk) - Cash, cash equivalents, and restricted cash decreased to **$186.1 million** at the end of Q2 2024 from **$225.6 million** at the end of Q2 2023[28](index=28&type=chunk)[54](index=54&type=chunk) [Reconciliation of GAAP to Non-GAAP Financial Measures](index=3&type=section&id=Reconciliation%20of%20GAAP%20to%20Non-GAAP%20Financial%20Measures) This section provides a reconciliation of MaxLinear's GAAP financial results to non-GAAP measures, explaining the adjustments and their impact on performance metrics [Explanation of Non-GAAP Measures](index=3&type=section&id=Explanation%20of%20Non-GAAP%20Measures) MaxLinear uses non-GAAP measures to reflect core operating performance by excluding non-cash and one-time expenses for internal planning and benchmarking - Non-GAAP measures are used to supplement GAAP results by excluding certain non-cash and one-time expenses to better reflect core operating performance[18](index=18&type=chunk)[41](index=41&type=chunk) - Key adjustments include stock-based compensation, performance-based equity, amortization of purchased intangible assets, acquisition and integration costs, impairment losses, and restructuring charges[19](index=19&type=chunk)[20](index=20&type=chunk)[41](index=41&type=chunk)[43](index=43&type=chunk) [Reconciliation of Non-GAAP Adjustments (in thousands)](index=11&type=section&id=UNAUDITED%20RECONCILIATION%20OF%20NON-GAAP%20ADJUSTMENTS) Q2 2024 GAAP net loss of $39.3 million reconciled to a non-GAAP net loss of $20.9 million, reflecting significant adjustments Quarterly GAAP to Non-GAAP Net Income (Loss) Reconciliation (in thousands) | Metric | Q2 2024 (Thousands USD) | Q1 2024 (Thousands USD) | Q2 2023 (Thousands USD) | | :--- | :--- | :--- | :--- | | GAAP Net Loss | ($39,266) | ($72,309) | ($4,351) | | Total Non-GAAP Adjustments (Pre-tax) | $21,523 | $57,668 | $35,758 | | Non-GAAP Net (Loss) Income | ($20,948) | ($17,403) | $27,899 | Six-Month GAAP to Non-GAAP Net Income (Loss) Reconciliation (in thousands) | Metric | Six Months Ended June 30, 2024 (Thousands USD) | Six Months Ended June 30, 2023 (Thousands USD) | | :--- | :--- | :--- | | GAAP Net (Loss) Income | ($111,575) | $5,182 | | Total Non-GAAP Adjustments (Pre-tax) | $79,191 | $77,724 | | Non-GAAP Net (Loss) Income | ($38,351) | $88,257 | [Reconciliation as a Percentage of Net Revenue](index=14&type=section&id=UNAUDITED%20RECONCILIATION%20OF%20GAAP%20TO%20NON-GAAP%20FINANCIAL%20MEASURES%20AS%20A%20PERCENTAGE%20OF%20NET%20REVENUE) Q2 2024 non-GAAP gross margin was 60.2%, with non-GAAP loss from operations at 21.1% of revenue, indicating a year-over-year profitability decline Quarterly Reconciliation as a Percentage of Net Revenue | Metric (% of Net Revenue) | Q2 2024 | Q1 2024 | Q2 2023 | | :--- | :--- | :--- | :--- | | GAAP Gross Margin | 54.6% | 51.7% | 55.9% | | Non-GAAP Gross Margin | 60.2% | 60.6% | 61.0% | | GAAP Loss from Operations | (44.4)% | (78.3)% | (3.2)% | | Non-GAAP (Loss) Income from Operations | (21.1)% | (17.9)% | 16.2% | | GAAP Net Loss | (42.7)% | (75.9)% | (2.4)% | | Non-GAAP Net (Loss) Income | (22.8)% | (18.3)% | 15.2% | Six-Month Reconciliation as a Percentage of Net Revenue | Metric (% of Net Revenue) | Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | | :--- | :--- | :--- | | GAAP Gross Margin | 53.1% | 56.2% | | Non-GAAP Gross Margin | 60.4% | 60.6% | | GAAP (Loss) Income from Operations | (61.7)% | 4.9% | | Non-GAAP (Loss) Income from Operations | (19.4)% | 22.9% | | GAAP Net (Loss) Income | (59.6)% | 1.2% | | Non-GAAP Net (Loss) Income | (20.5)% | 20.4% | [Other Information](index=2&type=section&id=Other%20Information) This section provides details on the conference call for Q2 2024 results and includes a cautionary note regarding forward-looking statements [Conference Call Information](index=2&type=section&id=Webcast%20and%20Conference%20Call) MaxLinear held a conference call on July 24, 2024, to discuss Q2 financial results, with a webcast replay available - The Q2 2024 financial results conference call was held on July 24, 2024, at 1:30 p.m. Pacific Time[39](index=39&type=chunk) - A live webcast and an archived replay were made available on the investor relations section of the MaxLinear website[39](index=39&type=chunk) [Cautionary Note Concerning Forward-Looking Statements](index=3&type=section&id=Cautionary%20Note%20Concerning%20Forward-Looking%20Statements) The report contains forward-looking statements, with actual results potentially differing due to risks like competition, industry cycles, and the terminated Silicon Motion merger - The report contains forward-looking statements regarding future financial performance, including Q3 2024 guidance, and potential growth opportunities[40](index=40&type=chunk) - Key risks that could affect future results include the terminated merger with Silicon Motion, intense competition, the cyclical semiconductor industry, global economic conditions, and excess inventory in the channel[40](index=40&type=chunk) - The company disclaims any obligation to update forward-looking statements[40](index=40&type=chunk)

This chipmaker is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of -158.8%. Revenues are expected to be $100.02 million, down 45.6% from the yearago quarter. The stock currently carries a Zacks Rank #4 (Sell). For MACOM, the consensus EPS estimate for the upcoming report has changed -0.3% over the past month to $0.65. This represents a change of +20.4% from what the company reported a year ago. MACOM currently has a Zacks Rank of #4. MaxL ...

MaxLinear (MXL) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5%. A quarter ago, it was expected that this chipmaker would post earnings of $0.01 per share when it actually produced earnings of $0.01, delivering no surprise.Over the last four quarters, the company has surpassed consens ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission file number: 001-34666 MaxLinear, Inc. (Exact name of registrant as specified in its charter) Delaware 14-1896129 (State or other jurisdiction of incorporat ...