MXL Earnings Prediction
The chart below shows how MXL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MXL sees a +0.80% change in stock price 10 days leading up to the earnings, and a -13.01% change 10 days following the report. On the earnings day itself, the stock moves by -0.57%. This data can give you a slight idea of what to expect for the next quarter's release.
MXL Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
81.10M
-40.16%
-11.84%
Gross Margin
54.35%
-0.38%
-0.38%
Operating Margin
-47.69%
263.77%
9.81%
Net Margin
-93.44%
217.93%
118.88%
EPS
-0.90
-83.67%
91.49%
No Data Available
MXL Earnings Analysis
MaxLinear, Inc. Common Stock Corporation (MXL.O) Earnings Conference Call
Positive
Q3 Revenue Decline: Total revenue for the third quarter was $81.1 million, down 12% from $92 million in the previous quarter, but we expect to be between $80 million and $100 million in revenue for Q4 of 2024.
Diverse Revenue Streams: Broadband revenue for the third quarter was $32 million, connectivity revenue was $13 million, and infrastructure revenue was $23 million, indicating a diverse revenue stream.
Customer Order Rate Improvement: We have seen meaningful improvements in our customer order rates for several quarters along with expedites and orders placed within lead times, signaling recovery and growth.
Product Shipment Volume Growth: Our product shipment volume run rate is now greater than 1 million units per year across several direct customers, including our Q3 ramp at a U.S. data center player.
Positive Growth Outlook: We are excited about the progress we have made and the positive trends we are seeing in our business, indicating strong potential for growth in 2025.
Negative
Quarterly Revenue Decline: Total revenue for the third quarter was $81.1 million, down 12% from $92 million in the previous quarter.
Quarterly Revenue Breakdown: Broadband revenue for the third quarter was $32 million, connectivity revenue was $13 million, infrastructure revenue was $23 million, and industrial multi-market revenue was $13 million.
Gross Margin Analysis: GAAP and non-GAAP gross margin for the third quarter were approximately 54.4% and 58.7% of revenue.
Operating Expenses Breakdown: Third quarter GAAP operating expenses were $110.8 million and non-GAAP operating expenses were $72.8 million, primarily due to restructuring costs of $26.8 million related to workforce reduction and stock-based compensation.
Loss from Operations Analysis: GAAP and non-GAAP loss from operations for Q3, 2024 was 82% and 31% of net revenue.
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MXL Earning Call Sentiment
MaxLinear, Inc. (MXL) Q3 2024 Earnings Call Transcript
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00:00
00:00
MXL.O
-2.65%Positive
The earnings call summary highlighted several concerns: a significant revenue decline, high operating expenses, and a GAAP loss from operations. The absence of shareholder return plans further dampens investor sentiment. Despite some optimistic future guidance and product developments, immediate financial performance issues and competitive pressures weigh heavily. The Q&A revealed cautious optimism but also highlighted uncertainties, particularly regarding China restrictions and unclear management responses. Given the company's small market cap, these factors are likely to lead to a negative stock price reaction in the next two weeks.