04:50 AM EDT, 07/25/2024 (MT Newswires) -- MaxLinear ( MXL ) reported Q2 non-GAAP loss Wednesday of $0.25 per diluted share, swinging from earnings of $0.34 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.19.

Revenue for the quarter ended June 30 was $92 million, compared with $183.9 million a year earlier.

Analysts surveyed by Capital IQ expected $100.3 million.

The company expects Q3 revenue of $70 million to $90 million. Analysts surveyed by Capital IQ expect $105.5 million.

The company's share price fell almost 17% after-market hours on Wednesday.

Price: 18.51, Change: -3.78, Percent Change: -16.96