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MXL.US
id: 985

MaxLinear (MXL) 2023 Sharp Decline in Revenue Case

  • In July and October 2023, MaxLinear (MXL) disclosed sharp Y2Y drop in revenue for Q2’23 and Q3’23 respectively, as well as revised downward Company's Q4’23 revenue projection.
  • On it, $MXL fell 33.7% in July losing $933M+ of shareholder value, and $MXL also fell 22% in October, losing $329M+ of shareholder value.
  • Investors may have grounds to suspect that Lincoln has ongoing business setbacks, which led to their losses.
  • In July and October 2023, MaxLinear (MXL) disclosed sharp Y2Y drop in revenue for Q2’23 and Q3’23 respectively, as well as revised downward Q4’23 revenue projection.
  • On it, $MXL fell 33.7% in July losing $933M+ of shareholder value, and $MXL also fell 22% in October, losing $329M+ of shareholder value.
  • Investors may have grounds to suspect that Lincoln has ongoing business setbacks, which led to their losses.
On July 26, 2023, MaxLinear announced Q2’23 results, with net revenue down 34% Y2Y.
On this news, $MXL fell 33.7% and lost over $933 million of its market capitalization, seriously damaging shareholders.

Then, on October 25, 2023, MaxLinear announced Q2’23 results, with net revenue down 53% Y2Y, and also provided disappointing revenue guidance for Q4’23.
On this news, $MXL fell 22% and lost over $329 million of its market capitalization, further damaging shareholders.

Considering all the information, investors might have grounds to suspect that MaxLinear failed to timely disclose company’s ongoing business setbacks, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.
Case Status
Attorney Investigation
Alleged Offence
Misleading Statements
Failure to Disclose
Omissions
Suspected Party
Directors
Management
Security Type
Stocks
Trade Direction
Long
Shock Event Date
26 October 2023
Collecting participants…

MaxLinear Inc

MaxLinear, Inc. provides communications systems-on-chip solutions worldwide. Its products integrate various portions of a high-speed communication system, including radio frequency, high-performanc...

    Ticker
    MXL.US
    ISIN
    US57776J1007
    CIK
    1288469
    Sector
    Technology
    Industry
    Semiconductors
    Country
    USA
    Address
    5966 La Place Court, Carlsbad, CA, United States, 92008