Maxlinear, inc. announces third quarter 2023 financial results

Carlsbad, calif.--(business wire)--maxlinear, inc. (nasdaq: mxl), a leading provider of radio frequency (rf), analog, digital and mixed-signal integrated circuits, today announced financial results for the third quarter ended september 30, 2023. third quarter financial highlights gaap basis: net revenue was $135.5 million, down 26% sequentially and down 53% year-over-year. gaap gross margin was 54.6%, compared to 55.9% in the prior quarter, and 58.6% in the year-ago quarter. gaap operating expe.
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