MaxLinear (MXL) FY Conference Summary Company Overview - **Company**: MaxLinear (MXL) - **Date of Conference**: August 12, 2025 - **Key Speakers**: Steve Litchfield (CEO/CFO), Rick Schafer (Oppenheimer Semiconductor Analyst) Key Industry Insights - **Semiconductor Industry Recovery**: The company indicates a recovery in the semiconductor industry, with improved visibility and bookings over the last two to three quarters [6][7][9] - **CapEx Trends**: While there is some recovery, capital expenditures (CapEx) have not significantly increased across broad-based semiconductors, although specific areas like AI and data centers are seeing growth [8][9] - **Wireless Infrastructure**: The wireless infrastructure market is experiencing a transition year, with improvements expected in CapEx spending, particularly in backhaul and access segments [18][56] Financial Performance - **Revenue Growth**: The company reported a year-over-year revenue growth of over 30% in infrastructure, with specific products like PAM4 DSP expected to generate $60 to $70 million in revenue, doubling last year's figures [12][13][23] - **Product Contributions**: The Panther storage accelerator is projected to grow from $1 million this year to potentially over $40 million next year, indicating strong future demand [16] Product Development and Market Position - **New Product Innovations**: MaxLinear is focusing on new product developments that enhance existing applications and enter new markets, particularly in data centers and wireless infrastructure [7][14][19] - **Competitive Landscape**: The company is competing against major players like Intel and AMD, emphasizing its lower power solutions and technical differentiation as key competitive advantages [17][25][27] - **Optical and Electrical Solutions**: MaxLinear is leveraging its IP blocks to diversify into optical and electrical markets, with a focus on optical transceivers, which represent 80% of the digital signal processing (DSP) market [41][43] Market Opportunities - **Broadband Market**: The broadband segment, particularly PON (Passive Optical Network), is expected to generate $50 to $70 million this year, with significant growth potential as the company has secured wins with major service providers [71][72] - **Wi-Fi and Ethernet Products**: The company is also expanding its offerings in Wi-Fi and Ethernet, capitalizing on the upgrade cycle to Wi-Fi 7, which is expected to increase content per unit [75] Strategic Focus - **Customer Engagement**: MaxLinear is enhancing its relationships with module providers and hyperscalers to optimize product offerings and drive demand [38] - **Future Outlook**: The company anticipates continued growth in 2026 and beyond, driven by new product ramps and market share gains [9][20] Legal and Financial Position - **Arbitration Update**: The company is involved in arbitration regarding its terminated deal with Silicon Motion, with a resolution expected in Q1 of the following year [78][80] - **Cash Flow Improvement**: MaxLinear is ahead of plan in returning to positive operating cash flows, with efforts to cut operating expenses and improve cash generation [81][82] Conclusion MaxLinear is positioned for growth in the semiconductor industry, with a focus on innovative product development, strategic market engagement, and a strong recovery trajectory in key segments. The company is navigating challenges while capitalizing on emerging opportunities in broadband and data center markets.

Core Viewpoint - MaxLinear (NASDAQ: MXL) has experienced significant challenges in key performance areas over the past several years, with the stock reaching a multi-year low as recently as April [1] Group 1: Company Performance - The stock of MaxLinear hit a new multi-year low in April, marking a continuation of a trend of lower lows [1]

MaxLinear, Inc. (NASDAQ:MXL) Q2 2025 Presentation Conference Call July 23, 2025 4:30 PM ET Company Participants Kishore Seendripu - Co-Founder, Chairman, CEO & President Leslie Green - Investor Relations Contact Officer Steven G. Litchfield - CFO & Chief Corporate Strategy Officer Conference Call Participants Ananda Prosad Baruah - Loop Capital Markets LLC, Research Division Christopher Adam Jackson Rolland - Susquehanna Financial Group, LLLP, Research Division David Neil Williams - The Benchmark Company, L ...

Group 1 - MaxLinear reported quarterly earnings of $0.02 per share, which is an improvement from a loss of $0.25 per share a year ago, and is in line with the Zacks Consensus Estimate [1] - The company posted revenues of $108.81 million for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 3.60%, and up from $91.99 million year-over-year [2] - MaxLinear has surpassed consensus revenue estimates four times over the last four quarters [2] Group 2 - The stock has underperformed, losing about 21.9% since the beginning of the year, while the S&P 500 has gained 7.3% [3] - The company's earnings outlook is crucial for understanding future stock performance, with current consensus EPS estimates at $0.10 for the coming quarter and $0.25 for the current fiscal year [4][7] - The Zacks Industry Rank for Semiconductor - Analog and Mixed is in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8]

Financial Data and Key Metrics Changes - Revenue for Q2 2025 was approximately $109 million, reflecting a 13% sequential increase and an 18% year-over-year growth from $92 million in Q2 2024 [5][15] - Non-GAAP gross margin was reported at 59.1%, while GAAP gross margin was approximately 56% [15] - Operating expenses were reduced significantly, with GAAP operating expenses at $86.1 million and non-GAAP operating expenses at $56.6 million [15][16] - The company returned to profitability on a non-GAAP basis and generated positive free cash flow [6][12] Business Line Data and Key Metrics Changes - Infrastructure revenue for Q2 was approximately $35 million, broadband revenue was about $48 million, connectivity revenue was around $21 million, and industrial multimarket revenue was approximately $6 million [15] - The company anticipates revenue from high-speed data center optical interconnects to be between $60 million and $70 million for the year, primarily driven by the 800 gigabit PAM4 DSP product family [6][7] Market Data and Key Metrics Changes - The company noted strong customer traction in high-speed data center optical interconnects, PON broadband access, Wi-Fi, and Ethernet markets [6][10] - Increased carrier CapEx spending is expected to drive demand in wireless infrastructure for 2025 and 2026 [8][9] - Major North American carriers are ramping up their FiberPON access build-outs, leading to increased demand for fiber PON, cable DOCSIS, and Wi-Fi solutions [10][11] Company Strategy and Development Direction - The company is focused on high-value categories such as high-speed interconnects, multi-gigabit PON access, Wi-Fi connectivity, Ethernet storage accelerators, and wireless infrastructure [12][13] - Investments in strategic high-growth areas are expected to generate exciting business opportunities and accelerate revenues in 2026 [18] - The company aims to establish itself as a strategic partner for hyperscale data centers beyond just interconnect solutions [95] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025 and 2026, citing robust customer order rates and backlog [6][12] - The company is optimistic about the recovery in core markets and anticipates sustained growth in various segments [18] - Management highlighted the importance of cost reduction investments to maintain and improve gross margins moving forward [40] Other Important Information - The company expects Q3 2025 revenue to be between $115 million and $135 million, with all end markets projected to grow sequentially [17] - GAAP operating expenses for Q3 are expected to be in the range of $84 million to $90 million, while non-GAAP operating expenses are projected to be between $55 million and $61 million [17] Q&A Session Summary Question: Q3 outlook and segment performance - Management indicated that infrastructure is expected to perform well, with broadband and connectivity also showing recovery [20][21] Question: Broadband growth drivers - Management noted that the growth in broadband is driven by CapEx deployment and market share gains, rather than just inventory replenishment [22][23] Question: Design wins for Rushmore and Keystone - Management confirmed strong design wins with major module makers and emphasized the importance of Keystone in driving revenue growth [28][29] Question: Operating expenses and investments - Management clarified that operating expenses were below guidance midpoint and highlighted ongoing investments in new products [36][39] Question: Dynamics in China - Management discussed mixed market dynamics in China, with strong demand in data centers but challenges in the industrial multimarket segment [65][68] Question: Technology roadmap for silicon photonics - Management confirmed engagement with optics companies to develop CPO solutions, emphasizing the importance of low power and high-speed offerings [72][74]

Financial Performance - Q2'25 revenue reached $1088 million, a 134% increase from Q1'25 and an 183% increase from Q2'24 [5] - GAAP gross margin was 565% and non-GAAP gross margin was 591% in Q2'25 [5] - GAAP operating margin was (226)% and non-GAAP operating margin was 72% in Q2'25 [5] - GAAP diluted loss per share was $(031) and non-GAAP diluted earnings per share was $002 in Q2'25 [5] - Cash provided by operations was $105 million in Q2'25 [5] Business Highlights & Future Outlook - The company is on track to deliver $60 million to $70 million in revenue this year for the 5nm Keystone PAM4 product family [6] - Expects to begin ramp in early 2026 of its single-chip integrated fiber PON and 10-gigabit processor gateway SoC plus triband WiFi-7 single-chip platform solution with a second major Tier-1 North American carrier [6] - Q3'25 revenue guidance is between $115 million and $135 million [10] - Q3'25 gross margin is expected to be between 550% and 580% on a GAAP basis, and between 575% and 605% on a non-GAAP basis [10] - Q3'25 operating expenses are projected to be between $84 million and $90 million on a GAAP basis, and between $55 million and $61 million on a non-GAAP basis [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From to Commission file number: 001-34666 MaxLinear, Inc. (Exact name of registrant as specified in its charter) Delaware 14-1896129 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 5966 La Place Court, Suite 100, Carlsbad California 92008 (Address of principal e ...

FOR IMMEDIATE RELEASE MaxLinear, Inc. Announces Second Quarter 2025 Financial Results Carlsbad, Calif. – July 23, 2025 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the second quarter ended June 30, 2025. Second Quarter Financial Highlights GAAP basis: Non-GAAP basis: Management Commentary Exhibit 99.1 "Our second quarter results reflect strong sequential and year-over-year growth in ou ...

Core Viewpoint - Kaskela Law LLC is investigating MaxLinear, Inc. on behalf of the company's long-term investors due to potential violations of securities laws or breaches of fiduciary duties by the company's officers and directors [1][2]. Company Performance - Year to date, shares of MaxLinear's stock have decreased by 25%, currently trading at approximately $15.00 per share [2]. Legal Investigation - The investigation aims to determine if there were any legal violations related to recent corporate actions taken by MaxLinear [2]. - Shareholders of MaxLinear are encouraged to contact Kaskela Law LLC for more information regarding their legal rights and options [3]. Contact Information - Kaskela Law LLC provides contact details for shareholders seeking further information, including phone numbers and a website link [3][4].

Group 1 - The company "Chip Superman" has a 1,600 square meter intelligent warehouse for chips, with over 1,000 stock models and around 100 brands, totaling 50 million chips with a stock value exceeding 100 million [1] - The company operates an independent laboratory in Shenzhen, ensuring quality control (QC) for each material [1] - The company has served a total of 19,200 users and can complete transactions in as fast as half a day [4] Group 2 - The company is actively seeking to purchase specific chip models, including TI's INA139NA/3K (50K units) and ON's NCP1096PAG (9K units) among others [2] - The company is also offering discounted sales on surplus materials, including TI's UCC28083DR (15K units) and NXP's PESD5V0S1BSF,315 (540K units) [3] - The company provides a platform for users to find unsold inventory and better pricing options through its mini-program and website [5][6]