NYSE$MXL

MaxLinear Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

MaxLinear reported record revenue driven by Broadband and Wi-Fi product contributions.

MaxLinear announced record net revenue of $194.7 million for Q4 2020, a 24% increase sequentially and a 178% increase year-over-year. The company's performance was driven by continued strength from Broadband and Wi-Fi product contributions. GAAP diluted loss per share was $0.33, while non-GAAP diluted earnings per share was $0.39.

  • Record net revenue of $194.7 million, up 24% sequentially and up 178% year-on-year.
  • GAAP gross margin was 42.7%, compared to 42.3% in the prior quarter.
  • Non-GAAP diluted earnings per share was $0.39, compared to diluted earnings per share of $0.32 in the prior quarter.
  • Net cash flow provided by operating activities was $74.3 million.

Headline financials

Total Revenue

$195M

Previous: $70M+178.1%
EPS (adj)

$0.39

Previous: $0.16+143.8%
Non-GAAP Gross Margin

57.8%

No prior period
Capital Expenditures

$2.36M

Previous: $2.99M-21.2%
Free Cash Flow

$71.9M

Previous: $25.1M+186.3%
Net Income

-$24.7M

Previous: -$8.1M-204.4%
Operating Income

-$23.7M

Previous: -$7.93M-198.4%
Gross Profit

$83.1M

Previous: $36.6M+126.9%
Cash & Equivalents

$149M

Previous: $92.7M+60.6%
Total Assets

$1.02B

Previous: $706M+44.9%
Stock-Based Comp

$14.5M

Previous: $7.75M+87.7%

Revenue & EPS history

MaxLinear · Revenue · Quarterly

$195M

Q4 2020+178.1%vs Q4 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

The company expects revenue in the first quarter 2021 to be approximately $200 million to $210 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 Q4 2020

Historical avgQ4 2020

-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

Earnings price reactions
QuarterReport dateReaction (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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