NYSE$MXL
MaxLinear Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Announced financial results for the second quarter ended June 30, 2021.
MaxLinear reported Q2 2021 financial results with a net revenue of $205.4 million, up 215% year-on-year. GAAP gross margin was 54.8%, and non-GAAP gross margin was 60.2%. The company expects strong sales growth to continue into Q3 across all end-markets.
- Net revenue of $205.4 million, up 215% year-on-year
- GAAP gross margin 54.8%, up 140 bps from previous quarter
- Non-GAAP Gross Margin of 60.2%, up 160 bps from previous quarter, above the high-end guidance
- Strong Sales growth expected to continue into Q3 across all end-markets
Headline financials
Revenue & EPS history
MaxLinear · Revenue · Quarterly
$205M
Forward guidance
The company expects revenue in the third quarter 2021 to be approximately $215 million to $225 million. The Company also estimates the following: GAAP gross margin of approximately 54.5% to 56.5%; Non-GAAP gross margin of approximately 59.5% to 61.5%; GAAP operating expenses of approximately $106.0 million to $110.0 million; Non-GAAP operating expenses of approximately $75.5 million to $79.5 million; GAAP interest and other expense of approximately $2.9 million to $3.0 million; and Non-GAAP interest and other expense of approximately $2.8 million to $2.9 million.
Tailwinds
- Revenue in the third quarter 2021 to be approximately $215 million to $225 million.
- GAAP gross margin of approximately 54.5% to 56.5%
- Non-GAAP gross margin of approximately 59.5% to 61.5%
- GAAP operating expenses of approximately $106.0 million to $110.0 million
- Non-GAAP operating expenses of approximately $75.5 million to $79.5 million
Headwinds
- GAAP interest and other expense of approximately $2.9 million to $3.0 million
- Non-GAAP interest and other expense of approximately $2.8 million to $2.9 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-1.2%
Avg return
Earnings day
-1.1%
Avg return
5 days after
+2.2%
Avg return
30 days after
42%
27 / 65 earnings
Positive
+27.6%
Q3 2015
Best reaction
-40.3%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.1% | +97.1% | +189.5% | |
| Q4 2025 | -10.4% | -10.6% | -9.5% | |
| Q3 2025 | -10.7% | -13.2% | -22.4% | |
| Q2 2025 | -1.6% | -8.2% | +1.4% | |
| Q1 2025 | -12.4% | -8.7% | +5.1% | |
| Q3 2024 | +4.1% | +7.9% | +7.2% | |
| Q2 2024 | -40.3% | -41.4% | -45.7% | |
| Q1 2024 | -0.5% | +1.9% | -11.3% | |
| Q4 2023 | -13.9% | -17.2% | -5.6% | |
| Q3 2023 | -26.2% | -23.1% | -7.3% | |
| Q2 2023 | -33.7% | -27.4% | -35.2% | |
| Q1 2023 | -17.2% | -16.1% | +1.6% | |
| Q4 2022 | -0.1% | -5.7% | -15.1% | |
| Q3 2022 | -1.8% | +0.0% | +13.6% | |
| Q2 2022 | +1.5% | +3.9% | -0.5% | |
| Q1 2022 | +14.9% | +15.8% | -9.0% | |
| Q4 2021 | +0.2% | +0.4% | -6.9% | |
| Q3 2021 | +16.2% | +26.7% | +27.1% | |
| Q2 2021 | +16.4% | +17.2% | +28.2% | |
| Q1 2021 | -1.8% | -8.7% | -3.4% | |
| Q4 2020 | +0.2% | +1.7% | +3.9% | |
| Q3 2020 | -1.5% | -7.9% | +14.7% | |
| Q2 2020 | -1.3% | -6.2% | -4.5% | |
| Q1 2020 | +0.1% | -4.9% | +5.2% | |
| Q4 2019 | -4.3% | -3.9% | -25.2% | |
| Q3 2019 | -14.1% | -10.6% | -8.7% | |
| Q2 2019 | -10.8% | -14.2% | -24.8% | |
| Q1 2019 | -6.8% | -3.4% | -21.3% | |
| Q4 2018 | +11.1% | +10.1% | +23.1% | |
| Q3 2018 | +21.8% | +27.4% | +26.7% | |
| Q2 2018 | +2.1% | +6.3% | +6.8% | |
| Q1 2018 | -21.0% | -20.8% | -16.1% | |
| Q4 2017 | -8.0% | -9.3% | -1.5% | |
| Q3 2017 | +7.4% | +5.8% | +1.8% | |
| Q2 2017 | -8.2% | -12.1% | -9.9% | |
| Q1 2017 | +7.0% | +11.8% | +14.2% | |
| Q4 2016 | +0.6% | +1.2% | +0.0% | |
| Q3 2016 | +12.2% | +12.1% | +8.9% | |
| Q2 2016 | -19.7% | -16.2% | -9.5% | |
| Q1 2016 | +12.8% | — | — | |
| Q4 2015 | +5.3% | — | — | |
| Q3 2015 | +27.6% | — | — | |
| Q2 2015 | -6.8% | — | — | |
| Q1 2015 | +3.8% | — | — | |
| Q4 2014 | -2.4% | — | — | |
| Q3 2014 | +1.6% | — | — | |
| Q2 2014 | -11.3% | — | — | |
| Q1 2014 | +12.7% | — | — | |
| Q4 2013 | -3.4% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | +15.6% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +17.6% | — | — | |
| Q3 2012 | -9.3% | — | — | |
| Q2 2012 | +24.1% | — | — | |
| Q1 2012 | +6.0% | — | — | |
| Q1 2011 | +6.0% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q4 2011 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q3 2010 | -3.4% | — | — | |
| Q3 2011 | -3.4% | — | — | |
| Q2 2010 | -4.6% | — | — | |
| Q4 2010 | -4.6% | — | — | |
| Q1 2010 | -9.3% | — | — |
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