MaxLinear Q3 revenue falls 40% to $81.1 million; net loss widens to $75.8 million
MaxLinear reported third-quarter 2024 net revenue of $81.1 million, down 12% from the prior quarter and down 40% from a year earlier, and a GAAP net loss of $75.8 million, or $0.90 per diluted share. The company also gave fourth-quarter 2024 net revenue guidance of approximately $80 million to $100 million, and the weaker revenue and larger loss matter to shareholders.
Key points
- Q3 2024 GAAP net loss was $75.8 million, or $0.90 per diluted share, compared with $0.47 in the prior quarter and $0.49 a year earlier
- Non-GAAP diluted loss per share was $0.36, compared with a loss of $0.25 in the prior quarter
- Q4 2024 net revenue is expected to be approximately $80 million to $100 million, with GAAP gross margin of about 54.0% to 57.0%
- GAAP restructuring charges were $26.8 million in Q3 2024, versus $865,000 in the prior quarter
The filing
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 October 23, 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.