Business
MaxLinear, Inc. Announces Preliminary Third Quarter 2021 Financial Results Exceeding Previous Expectations
Broad-based demand drives upside to prior revenue expectations GAAP and non-GAAP gross margin and operating expense favorability generates solid operating
About this update from Maxlinear, Inc
[{"type":"text","content":"\n\nBroad-based demand drives upside to prior revenue expectations\n\n\nGAAP and non-GAAP gross margin and operating expense favorability generates solid operating leverage\n\n\n CARLSBAD, Calif.--(BUSINESS WIRE)--\nMaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced preliminary financial results for the third quarter 2021.\n\nBased on preliminary results, MaxLinear expects third quarter of fiscal 2021 financial results to exceed initial guidance provided on July 28, 2021 during its Q2 2021 earnings announcement. “In the third quarter, strong revenue growth, ongoing supply-chain improvements and tight expense management drove our business out-performance across the board versus our previous expectations. Our revenue growth was driven by strong end-market demand, continued share gains, and sustained increases in content-per-platform within our broadband and connectivity end-markets. Gross margins improved due to favorable product-mix trends within our high value end-markets,” commented Kishore Seendripu, Ph.D., Chairman and CEO.\n\n\n\n$ in millions\n(unless otherwise noted)\n\n\n\n \n\n\n\nQ3 2021 Guidance\n\n\n\n \n\n\n\nPreliminary Results Q3 2021\n\n\n\n\n\n \n\n\n\n \n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n \n\n\n\nGAAP\n\n\n\n \n\n\n\nNon-GAAP\n\n\n\n\n\nRevenue\n\n\n\n \n\n\n\n$215.0M - $225.0M\n\n\n\n \n\n\n\n$215.0M - $225.0M\n\n\n\n \n\n\n\n$225.0M - $230.0M\n\n\n\n \n\n\n\n$225.0M - $230.0M\n\n\n\n\n\nGross Margin\n\n\n\n \n\n\n\n54.5% - 56.5%\n\n\n\n \n\n\n\n59.5% - 61.5%\n\n\n\n \n\n\n\n55.5% - 56.5%\n\n\n\n \n\n\n\n60.5% - 61.5%\n\n\n\n\n\nOperating Expenses\n\n\n\n \n\n\n\n$106.0M - $110.0M\n\n\n\n \n\n\n\n$75.5M - $79.5M\n\n\n\n \n\n\n\n$105.5M - $107.5M\n\n\n\n \n\n\n\n$74.0M - $76.0M\n\n\n\n\n\nInterest and other income (expense), net\n\n\n\n \n\n\n\n$2.9M - $3.0M\n\n\n\n \n\n\n\n$2.8M - $2.9M\n\n\n\n \n\n\n\n$2.9M - $3.0M\n\n\n\n \n\n\n\n$2.8M - $2.9M\n\n\n\n\n\nTax rate\n\n\n\n \n\n\n\nApproximately zero\n\n\n\n \n\n\n\n6.0%\n\n\n\n \n\n\n\nApproximately zero\n\n\n\n \n\n\n\n6.0%\n\n\n\n\nThese are preliminary results and are subject to the completion of our financial statements by our management and the review of those financial statements by our independent registered public accounting firm. There will be no confer...