Revenue during the quarter dropped 13.48 percent to $88.84 million from $102.68 million in the previous year period. Total expenses were 88.26 percent of quarterly revenues, up from 78.87 percent for the same period last year. That has resulted in a contraction of 939 basis points in operating margin to 11.74 percent.

Operating income for the quarter was $10.43 million, compared with $21.70 million in the previous year period.

"We are pleased to announce first quarter 2017 revenue of $88.8 million, which marks MaxLinear's return to sequential top-line revenue growth. In Q1 2017, our revenue growth was driven by cable and terrestrial broadband operator applications, which more than offset sequential declines in wireless backhaul and optical interconnect revenues. GAAP gross margin improved to 59.6 percent and Non-GAAP gross margin was 62.7 percent as supply-chain related cost savings more than offset the anticipated adverse impact of increased revenue contribution from lower-margin terrestrial receiver shipments into South America. Our sequential GAAP and Non-GAAP operating expenses were almost flat owing to our disciplined expense management, which resulted in another strong quarter of operating cash flows of $22.7 million," commented Kishore Seendripu, Ph.D., chairman and chief executive officer.

For the second-quarter 2017, MaxLinear, Inc. forecasts revenue to be in the range of $90 million to $94 million.

The company has spent $10.66 million cash to meet investing activities during the quarter as against cash outgo of $30.70 million in the last year period.

The company has spent $4.88 million cash to carry out financing activities during the quarter as against cash inflow of $0.63 million in the last year period.

Cash and cash equivalents stood at $91.24 million as on Mar. 31, 2017, up 18.74 percent or $14.40 million from $76.84 million on Mar. 31, 2016.