MaxLinear reported Q1 2020 revenue of $62.0 million, down 11% sequentially, and down 27% year-on-year. GAAP gross margin was 49.6%, compared to 52.3% in the prior quarter, and 53.3% in the year-ago quarter. There was a GAAP diluted loss per share of $0.21, and non-GAAP diluted earnings per share of $0.07.
“We also recently announced plans to acquire Intel’s Home Gateway Platform Division in the third quarter of this year. These assets add significant scale to our entire business while enabling us to provide compelling WiFi products and expanded broadband product offerings with tremendous growth opportunities that we will discuss in the near future,” Dr. Seendripu continued
MaxLinear to acquire Intel’s Home Gateway Platform Division
MaxLinear agreed to acquire Intel’s Home Gateway Platform Division assets in an all-cash, asset transaction valued at $150 million. The Home Gateway Platform Division comprises Wi-Fi Access Points, Ethernet and Home Gateway SoC products deployed across operator and retail markets. MaxLinear said the acquisition will complement its existing portfolio, bringing together a complete and scalable platform of connectivity and access solutions for