MAXLINEAR Reports Second Quarter FY2023 Earnings Results on July 26 2023
August 26, 2023
🌥️Earnings Overview
MAXLINEAR ($NASDAQ:MXL) announced their earnings for the quarter ending June 30, 2023 on July 26, 2023, with total revenue reaching USD 183.9 million, a decrease of 34.3% from the same period in the previous year. Net income also decreased significantly, falling from USD 32.0 million to USD -4.4 million.
Price History
MAXLINEAR reported their second quarter fiscal year 2023 earnings on Wednesday, July 26 2023. At the start of the day, MAXLINEAR stock opened at $24.3. By the end of the day it had dropped to $29.6, a plunge of 12.9% from its prior closing price of 34.0. This downward trend was seen throughout the day, and it marked a decrease in the company’s value. MAXLINEAR’s second quarter financial results painted a mixed picture; although they reported a higher revenue than the same quarter in the year prior, they also reported a net income loss for the quarter.
This may have been a factor in the steep decline in share prices throughout the day. Moving forward, MAXLINEAR will need to focus on improving their performance in the coming quarters if they want to recover from this steep downturn. Investors and analysts will be closely monitoring the company’s progress in the next few months to see if they can rebound from this large decline in share prices. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Maxlinear. More…
| Total Revenues | Net Income | Net Margin |
| 1.01k | 64.67 | 7.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Maxlinear. More…
| Operations | Investing | Financing |
| 203.86 | -60.89 | -129.94 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Maxlinear. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.16k | 415.43 | 9.33 |
Key Ratios Snapshot
Some of the financial key ratios for Maxlinear are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 53.8% | – | 11.5% |
| FCF Margin | ROE | ROA |
| 15.5% | 9.8% | 6.2% |
Analysis
As GoodWhale, we conducted an analysis of MAXLINEAR‘s wellbeing. Our Star Chart showed that MAXLINEAR had a high health score of 10/10 when it came to its cashflows and debt, indicating that it is capable of sustaining future operations in times of crisis. Furthermore, MAXLINEAR scored highly in assets, growth, and profitability, yet relatively weakly in dividend. Based on this data, we classified MAXLINEAR as a ‘rhino’ – a type of company that has achieved moderate revenue or earnings growth. Given its strong cashflows, debt capacity and profitability, MAXLINEAR may be an attractive investment option for investors looking for a company with steady growth. Investors who are looking for high dividend yields may be less interested in MAXLINEAR, however. More…
Peers
MaxLinear Inc is a leading provider of high-performance radio-frequency (RF), analog, and mixed-signal integrated circuits (ICs) for the cable television (CATV), satellite, terrestrial, and fiber-to-the-home (FTTH) markets. The company’s products are used in a wide variety of end applications including cable and satellite set-top boxes, cable modems, optical network terminals, routers, and gateways. MaxLinear is headquartered in Carlsbad, California.
MaxLinear’s competitors include Applied Optoelectronics Inc, Realtek Semiconductor Corp, and TranSwitch Corp. These companies are also leading providers of high-performance RF, analog, and mixed-signal ICs.
– Applied Optoelectronics Inc ($NASDAQ:AAOI)
Applied Optoelectronics Inc. is a vertically integrated provider of LED solutions for lighting, display and optical communications applications. The company designs, manufactures and markets a broad range of high-performance light emitting diodes (LEDs), laser diodes, photodiodes and optoelectronics products.
The company’s products are used in a variety of applications including indoor and outdoor lighting, automotive, electronics, signs and displays, and communications.
Applied Optoelectronics Inc has a market cap of 81.42M as of 2022. The company’s return on equity is -24.05%.
The company’s products are used in a variety of applications including indoor and outdoor lighting, automotive, electronics, signs and displays, and communications.
– Realtek Semiconductor Corp ($TWSE:2379)
With a market cap of 129.24B as of 2022, Realtek Semiconductor Corp is a company that designs, manufactures and markets a wide variety of semiconductor products. Its products include communications network ICs, computer peripheral ICs, and multimedia ICs. The company’s return on equity is 29.82%. Realtek has a long history of innovation and is one of the leading IC providers in the world. The company’s products are used in a wide range of applications, including communication networks, computers, and multimedia devices.
– TranSwitch Corp ($OTCPK:TXCCQ)
TranSwitch Corporation is a publicly traded company that designs, develops and markets integrated circuit solutions for the networking, communications and consumer electronics markets. Its products enable voice, video and data communications over converged Internet Protocol (IP) networks. The company’s solutions are used in a variety of end-user applications, including broadband access, set-top boxes, routers, switches, base stations, wireless LANs, VoIP phones and HDTVs.
Summary
Investors in MAXLINEAR were disappointed with their most recent quarterly earnings figures, as the company reported total revenue of USD 183.9 million, a 34.3% decrease from the previous year. Net income for the quarter was a negative USD 4.4 million compared to a positive USD 32.0 million for the same quarter a year prior. As a result, the stock price dropped on the day of the announcement. In the short term, this news does not bode well for MAXLINEAR shareholders, but over the long term, investors will want to closely monitor the company’s progress to see if they can turn things around.
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