×

MaxLinear raises revenue, gross margin outlook

Published Oct 12 2021 at 12:47 PM GMT
Key
Points
  • MaxLinear Inc raised its outlook for third-quarter revenue and gross margin, citing strong demand, supply-chain improvements and tight expense management.
  • Meanwhile, the stock fell 1 8% in premarket trading.
  • The semiconductor company said it now expects revenue of $225 million to $230 million, up from the guidance range provided in July of $215 million to $225 million and above the FactSet consensus of $219.7 million.
  • Gross margin guidance was raised to 55.5% to 56.
  • 5%, while the operating expense outlook was lowered to $105.5 million to $107.




Trending

Stats

  • Published Oct 12, 2021 12:47 PM GMT