MaxLinear, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 09:09 pm
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MaxLinear, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 135.53 million compared to USD 285.73 million a year ago. Net loss was USD 39.83 million compared to net income of USD 28.41 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to basic earnings per share from continuing operations of USD 0.36 a year ago. Diluted loss per share from continuing operations was USD 0.49 compared to diluted earnings per share from continuing operations of USD 0.35 a year ago.
For the nine months, sales was USD 567.91 million compared to USD 829.67 million a year ago. Net loss was USD 34.65 million compared to net income of USD 93.96 million a year ago. Basic loss per share from continuing operations was USD 0.43 compared to basic earnings per share from continuing operations of USD 1.21 a year ago. Diluted loss per share from continuing operations was USD 0.43 compared to diluted earnings per share from continuing operations of USD 1.17 a year ago.
MaxLinear, Inc. is a provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits for access and connectivity, wired and wireless infrastructure, and industrial and multi-market applications. It is engaged in providing communications systems-on-chip (SoC), solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. Its customers include electronics distributors, module makers, original equipment manufacturers, and original design manufacturers, who incorporate its products in a range of electronic devices, such as broadband modems compliant with data over cable service interface specifications, passive optical network, and digital subscriber line; Wi-Fi and wireline routers for home networking; radio transceivers and modems for 4G/5G base-station and backhaul infrastructure; optical transceivers targeting hyperscale data centers; as well as power management and interface products used in markets.
MAXLINEAR, INC. 
