MaxLinear Inc (MXL)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	385,663	480,464	574,008	635,486	649,769	628,206	590,511	538,703	495,832	437,142	373,555	293,755	212,798	166,335	142,033	153,370	167,685	176,961	178,933	191,183
Revenue (ttm)	US$ in thousands	693,263	858,496	1,008,696	1,104,767	1,120,252	1,077,555	1,021,599	946,966	892,398	839,225	766,084	625,928	478,596	353,898	277,285	294,572	317,180	334,789	339,779	358,805
Gross profit margin		55.63%	55.97%	56.91%	57.52%	58.00%	58.30%	57.80%	56.89%	55.56%	52.09%	48.76%	46.93%	44.46%	47.00%	51.22%	52.07%	52.87%	52.86%	52.66%	53.28%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $385,663K ÷ $693,263K
= 55.63%

The gross profit margin of MaxLinear Inc has exhibited a declining trend over the past eight quarters. The margin decreased from 58.30% in Q3 2022 to 55.63% in Q4 2023. This indicates a potential decrease in the efficiency of the company in generating profits from its sales after accounting for the cost of goods sold. It's important for the company to investigate the factors contributing to this trend and take corrective actions to improve its gross profit margin in the future.