MaxLinear (MXL) Reports Q3 Loss, Tops Revenue Estimates

Company Performance - MaxLinear reported a quarterly loss of $0.36 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.32, and compared to earnings of $0.02 per share a year ago, indicating a significant decline [1] - The company's revenues for the quarter ended September 2024 were $81.1 million, surpassing the Zacks Consensus Estimate by 1.38%, but down from $135.53 million year-over-year [1] - Over the last four quarters, MaxLinear has not been able to surpass consensus EPS estimates, and the recent earnings surprise was -12.50% [1] Stock Performance - MaxLinear shares have declined approximately 39% since the beginning of the year, contrasting with the S&P 500's gain of 22.7% [2] - The current consensus EPS estimate for the upcoming quarter is -$0.11 on revenues of $87.68 million, and for the current fiscal year, it is -$0.89 on revenues of $354.97 million [4] Industry Outlook - The Semiconductor - Analog and Mixed industry, to which MaxLinear belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, which may negatively impact stock performance [5] - Another company in the same industry, Monolithic Power, is expected to report quarterly earnings of $3.96 per share, reflecting a year-over-year increase of 28.6%, with revenues projected at $600.1 million, up 26.4% from the previous year [5]