Welcome to our dedicated page for MaxLinear news (Ticker: MXL), a resource for investors and traders seeking the latest updates and insights on MaxLinear stock.
MaxLinear, Inc. (NYSE: MXL) is a global, New York Stock Exchange-traded company that embodies the entrepreneurial spirit. As a fabless system-on-chip product company, MaxLinear designs highly integrated, radio-frequency, and mixed-signal communications ICs for broadband and infrastructure applications. The company is renowned for recruiting top talent worldwide and offering engaging opportunities in the broadband and infrastructure sectors.
MaxLinear's growth stems from innovative and bold solutions to some of the most challenging communication technology problems. The company originally made waves by developing the world's first high-performance TV tuner chip using standard CMOS process technology, a feat others deemed impossible. MaxLinear's success with CMOS technology led to enduring global market leadership and a diversified product portfolio.
The company's product range includes radio frequency receivers and systems-on-chips for satellite communications, cable modems, and terrestrial TV. MaxLinear's products are pivotal in capturing and processing digital and analog broadband signals, enabling the distribution and display of broadband video and data content across a wide array of electronic devices.
MaxLinear's clients include original equipment manufacturers (OEMs), module makers, and original design manufacturers (ODMs). The company continues to expand its footprint with products for data centers, metro, and long-haul fiber networks, making significant strides in enhancing connectivity and communications infrastructure globally.
- MaxLinear's innovative approach has led to significant market leadership in the communications IC space.
- The company's products are integral to the broadband and infrastructure markets.
- MaxLinear’s clientele includes major OEMs, module makers, and ODMs.
Bronstein, Gewirtz & Grossman, is investigating potential claims against MaxLinear, Inc (NYSE:MXL) on behalf of investors. The investigation follows MaxLinear's announcement of its Q2 2024 results, which revealed a 50% year-over-year decline in net revenue to $92 million. The company attributed this drop to prolonged customer inventory burn-off and weakened demand. Following this news, MaxLinear's stock price fell 37.1% to close at $14.02 on July 25, 2024.
Investors who purchased MaxLinear securities are encouraged to assist the investigation by visiting bgandg.com/MXL. The law firm is representing investors on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful. Bronstein, Gewirtz & Grossman, has a track record of recovering millions for investors in securities fraud class actions.
MaxLinear (Nasdaq: MXL), a provider of integrated circuits, has announced the granting of equity awards under its 2024 Inducement Equity Incentive Plan to newly hired employees. These Inducement Grants were pre-approved by the company's Compensation Committee of the Board of Directors. The move is likely aimed at attracting and retaining top talent in the competitive semiconductor industry. Detailed information about these equity awards is available on MaxLinear's investor relations website. This announcement reflects the company's strategy for employee compensation and retention, which could be of interest to investors and potential employees alike.
MaxLinear, Inc. (Nasdaq: MXL), a provider of RF, analog, digital, and mixed-signal integrated circuits, has announced its participation in several financial conferences during the third quarter of 2024. The company will be presenting at the Oppenheimer 27th Annual Technology, Internet & Communications Virtual Conference on August 12th at 8:35 a.m. PT, with a webcast available on the investor relations website. Additionally, MaxLinear will attend the Needham Virtual Semiconductor & SemiCap Conference on August 22nd, followed by conferences hosted by Evercore ISI, Jefferies, Deutsche Bank, and Benchmark throughout August and early September.
MaxLinear (Nasdaq: MXL) will showcase its Panther III storage acceleration solution at the Future of Memory and Storage 2024 trade show. Panther III offers significant advantages over software-only solutions, including:
- Up to 40x more throughput
- Up to 190x better latency
- Up to 1000x less CPU utilization
- 12:1 data reduction ratio
These improvements lead to substantial cost savings in flash drives and CPU cores. Panther III consolidates compression, deduplication, encryption, data protection, and real-time validation in a single hardware-based solution, addressing the growing demands of data center administrators and dataset owners in the rapidly expanding cloud storage market.
MaxLinear (NASDAQ: MXL), a provider of RF, analog, digital, and mixed-signal ICs, announced Q2 2024 financial results. Net revenue was $92.0 million, down 3% sequentially and 50% YoY.
GAAP gross margin rose to 54.6% from 51.7% in the prior quarter but down from 55.9% YoY. GAAP operating expenses were $91.0 million, or 99% of net revenue. GAAP loss from operations was 44% of revenue, improving from 78% in the prior quarter, but worse than 3% YoY. Net cash flow used in operating activities was $2.7 million, reversing from positive $16.0 million in the prior quarter.
GAAP diluted loss per share was $0.47, compared to $0.88 in the previous quarter and $0.05 YoY. Non-GAAP gross margin was 60.2%, and non-GAAP operating expenses were $74.8 million. Non-GAAP loss from operations was 21% of revenue, compared to the prior quarter's 18% loss. Non-GAAP diluted loss per share was $0.25.
The company anticipates Q3 2024 revenues between $70 million and $90 million, with GAAP gross margin between 52.5% and 55.5%.
MaxLinear, a provider of RF, analog, digital, and mixed-signal integrated circuits, announced it will release its Q2 2024 financial results after market close on July 24, 2024. A corresponding conference call, hosted by CEO Kishore Seendripu and CFO Steve Litchfield, will be held at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time). Investors can join the call via toll-free and international numbers or through a webcast available on the company's investor relations website.
MaxLinear (NASDAQ: MXL), a leader in RF, analog, digital, and mixed-signal integrated circuits, has announced the issuance of new employee inducement grants under its 2024 Inducement Equity Incentive Plan. These equity awards were approved by the Compensation Committee of the Board of Directors and are aimed at newly hired employees. More details can be found on MaxLinear's investor relations website.
MaxLinear (Nasdaq: MXL) has unveiled a new range of 2.5G Ethernet switches and PHYs, including 7-and 10-port switches and 8-port PHYs, designed for both consumer and industrial applications. The new solutions deliver industry-leading low power consumption, extensive feature sets, and large packet buffer capabilities.
The product line enhances MaxLinear's existing Ethernet offerings, which already include 10/100, 1G, and 2.5G bridges, PHYs, and switches. Key features include IGMPv3, MLPv1,2, LACP, PTP, SyncE, MACsec, and 10G SERDES uplink ports. The 8-port PHYs operate at 600mW per port.
The launch aims to meet increasing data rates and bandwidth demands driven by digital data traffic, data centers, IoT, machine learning, and AI, while addressing energy efficiency and compact design needs.
MaxLinear (Nasdaq: MXL) has announced its participation in key financial conferences in Q2 2024. The company, known for its RF, analog, digital, and mixed-signal integrated circuits, will present at the Stifel 2024 Cross Sector Insight Conference in Boston on June 5th at 1:15 p.m. ET. Additionally, MaxLinear will participate in the Northland Securities Growth Conference on June 25th. Investors can access a webcast of the Stifel conference session at the company’s investor relations website.
FAQ
What is the current stock price of MaxLinear (MXL)?
What is the market cap of MaxLinear (MXL)?
What does MaxLinear, Inc. specialize in?
On which stock exchange is MaxLinear, Inc. traded?
Who are MaxLinear's customers?
What was MaxLinear's significant early achievement?
What markets do MaxLinear's products serve?
What types of products does MaxLinear offer?
How does MaxLinear contribute to the broadband market?
What is MaxLinear's approach to innovation?
What significant markets does MaxLinear impact?
What is the significance of MaxLinear's CMOS technology achievement?
