MaxLinear sees Q4 revenue $85M-$89M , consensus $88.9M
Sees Q4 GAAP and non-GAAP gross margin of approximately 52.5% and 63.0%, respectively. Sees Q4 GAAP and non-GAAP operating expenses of approximately $56.0M and $37.25M, respectively. Kishore Seendripu, Ph.D., Chairman and CEO, said, "While the transition to our new cable broadband DOCSIS data standard product has been slow, we continue to believe that the second half of 2018 represents the trough of our DOCSIS and Connected Home businesses. We are beginning to see a resumption of growth in our cable business starting in Q4. Our continued strong profitability, progress in our target infrastructure markets, and the steady performance of our high-performance analog business together provide us confidence in our forward outlook."