MaxLinear Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St · 10/25 13:28

MaxLinear (NASDAQ:MXL) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$81.1m (down 40% from 3Q 2023).
  • Net loss: US$75.8m (loss widened by 90% from 3Q 2023).
  • US$0.90 loss per share (further deteriorated from US$0.49 loss in 3Q 2023).
earnings-and-revenue-growth
NasdaqGS:MXL Earnings and Revenue Growth October 25th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

MaxLinear EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are up 6.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for MaxLinear (1 shouldn't be ignored!) that we have uncovered.