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AI brief of an SEC Form 8-K · MaxLinear (MXL)

MaxLinear Q1 revenue falls 62% to $95.3 million; GAAP loss widens to $0.88 a share

Negative Impact 4 of 5 earnings Written later

MaxLinear reported unaudited first-quarter 2024 results, with net revenue of $95.3 million, down 24% from the prior quarter and 62% from a year earlier. The GAAP diluted loss per share was $0.88, compared with a loss of $0.47 in the prior quarter and earnings of $0.12 a year earlier. The company guided second-quarter 2024 net revenue to approximately $90 million to $110 million.

Key points

  • Q1 2024 net revenue was $95.3 million, down 24% sequentially and 62% year over year.
  • GAAP loss from operations was $74.6 million, or 78% of net revenue, including restructuring charges of $22.6 million.
  • GAAP diluted loss per share was $0.88, versus a $0.47 loss in Q4 2023 and $0.12 of earnings in Q1 2023.
  • Second-quarter 2024 net revenue is expected to be approximately $90 million to $110 million.

The filing

CompanyMaxLinear (MXL)
Form8-K, current report
Filed with the SECApr 24, 2024, 4:06 PM ET
Accession number0001288469-24-000063

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.