Business
MaxLinear, Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results
Q4 net revenue of $136.4 million, up 8% sequentially and up 48% year over year Fiscal year 2025 net revenue of $467.6 million, up 30% over fiscal year 2024
About this update from Maxlinear, Inc
[{"type":"text","content":"\n\nQ4 net revenue of $136.4 million, up 8% sequentially and up 48% year over year\n\n\n\nFiscal year 2025 net revenue of $467.6 million, up 30% over fiscal year 2024\n\n\n\n CARLSBAD, Calif.--(BUSINESS WIRE)--\nMaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the fourth quarter and fiscal year ended December 31, 2025.\n\n\nFourth Quarter Financial Highlights\n\n\nGAAP basis:\n\n\n\nNet revenue was $136.4 million, up 8% sequentially and up 48% from the year-ago quarter.\n\n\n\nGAAP gross margin was 57.6%, compared to 56.9% in the prior quarter, and 55.6% in the year-ago quarter.\n\n\n\nGAAP operating expenses were $93.4 million in the fourth quarter, or 68% of net revenue, compared to $113.2 million in the prior quarter, or 90% of net revenue, and $92.4 million in the year-ago quarter, or 100% of net revenue.\n\n\n\nGAAP loss from operations was 11% of net revenue, compared to loss from operations of 33% of net revenue in the prior quarter, and loss from operations of 45% of net revenue in the year-ago quarter.\n\n\n\nNet cash flow provided by operating activities was $10.4 million, compared to net cash flow provided by operating activities of $10.1 million in the prior quarter, and net cash flow used in operating activities of $27.8 million in the year-ago quarter.\n\n\n\nGAAP diluted loss per share was $0.17, compared to diluted loss per share of $0.52 in the prior quarter, and diluted loss per share of $0.68 in the year-ago quarter.\n\n\n\nNon-GAAP basis:\n\n\n\nNon-GAAP gross margin was 59.6%, compared to 59.1% in the prior quarter, and 59.1% in the year-ago quarter.\n\n\n\nNon-GAAP operating expenses were $59.2 million, or 43% of net revenue, compared to $59.5 million or 47% of net revenue in the prior quarter, and $61.3 million or 67% of net revenue in the year-ago quarter.\n\n\n\nNon-GAAP income from operations was 16% of net revenue, compared to income of 12% in the prior quarter, and loss of 7% in the year-ago quarter.\n\n\n\nNon-GAAP diluted earnings per share was $0.19, compared to earnings per share of $0.14 in the prior quarter, and loss per share of $0.09 in the year-ago quarter.\n\n\n\nFiscal Year 2025 Financial Highlights\n\n\n\nNet revenue was $467.6 million, up 30% over fiscal year 2024.\n\n\n\n...