Financial Data and Key Metrics - Q4 2023 revenue was $125.4 million, down 8% sequentially and 57% year-over-year [45] - Non-GAAP gross margin for Q4 was 61.4%, while GAAP gross margin was 54.7% [46] - Infrastructure end market grew 30% in fiscal 2023, with Q4 revenue of $32 million, down 37% sequentially but flat year-over-year [25] - Broadband revenue for Q4 was $34 million, flat sequentially but down 66% year-over-year [45] - Connectivity revenue for Q4 was $19 million, up 26% sequentially but down 82% year-over-year [45] - Industrial and multi-market revenue was $41 million in Q4, up 13% sequentially but down 25% year-over-year [46] - Q4 GAAP operating expenses were $110.3 million, including $19.5 million in stock-based compensation and performance-based equity accruals, $10.6 million in restructuring costs, and $1.8 million in acquisition integration costs [26] - Q4 cash flow used in operating activities was $16.6 million, with $188 million in cash, cash equivalents, and restricted cash at the end of Q4 [48] Business Line Performance - Infrastructure business is expected to grow to an annualized revenue run rate of several hundred million dollars over the next three years [8] - Panther III Series hardware storage accelerators are a new growth driver within the infrastructure segment, targeting enterprise all-flash-array and hybrid storage systems [10] - Ethernet connectivity business is expected to reach $100 million over the next 18-24 months, driven by new Octal 2.5-gigabit Ethernet PHY and switch products [40][41] - Fiber PON revenue was approximately $50 million in 2023, with expectations to more than double over the next two years [42] - Wi-Fi 7 solutions are expected to drive significant ASP growth and higher attach rates in broadband access platforms, with initial rollouts expected later in 2024 [23] Market Performance - High-speed optical data center infrastructure market is expected to generate tens of millions of dollars in revenue in 2024, with production ramps in the second half of the year driving growth in 2025 [17] - Wireless infrastructure is expected to benefit from the global rollout of millimeter wave, microwave, and hybrid backhaul technologies, with strong demand anticipated in 2025 [38] - Broadband and connectivity markets are facing inventory headwinds, with recovery expected in 2025 as inventory rationalization concludes [44] Strategic Direction and Industry Competition - The company is focused on product innovation across optical Wi-Fi, fiber broadband access gateways, Ethernet, and wireless infrastructure, with new products already in the market and gaining customer traction [1][24] - The company is leveraging its 5-nanometer CMOS Keystone 800-gigabit PAM4 DSP family to differentiate in the high-speed optical data center market [17] - The company is expanding its addressable market in Ethernet connectivity by $300 million, targeting enterprise and small-to-medium business switch markets [40] Management Commentary on Operating Environment and Future Outlook - Management is optimistic about the infrastructure business, expecting strong growth in 2024 and beyond [8] - The company expects market headwinds in broadband and connectivity to turn into tailwinds as customer inventory rationalization concludes [44] - Management highlighted the importance of new product cycles in driving revenue growth, particularly in optical, Ethernet, and storage accelerators [37] Other Important Information - The company expects Q1 2024 revenue to be between $85 million and $105 million, with all four end markets expected to decline sequentially [28] - Q1 2024 GAAP gross margin is expected to be between 50.0% and 54.0%, while non-GAAP gross margin is expected to be between 59.5% and 62.5% [28] - Q1 2024 GAAP operating expenses are expected to be between $115 million and $125 million, while non-GAAP operating expenses are expected to be between $72 million and $78 million [49] Q&A Session Summary Question: Cyclical vs Secular Trends in Business [31] - Management could not break down the cyclical vs secular components but noted that infrastructure is performing well, while broadband and connectivity face inventory challenges [32] Question: Impact of Infrastructure Bill on CapEx Spending [34] - Management acknowledged that some customers are delaying CapEx spending to take advantage of future subsidies, which may push recovery by two to three quarters [35][36] Question: Ethernet Design-Wins and Revenue Potential [61] - Management expects the Ethernet business to reach $100 million over the next 18-24 months, driven by unique offerings and a strong design-win pipeline [62] Question: Inventory Levels and Recovery Timeline [73] - Management expects inventory rationalization to continue into Q3 2024, with recovery likely in 2025 [76][78] Question: Optical PAM4 DSP Market Opportunity [103] - Management expects the optical PAM4 DSP market to reach $1.5 billion in three years, with the company targeting 20-25% market share [141] Question: Long-Term Revenue Normalization [105] - Management expects the company to return to a $1 billion revenue run rate in the next two to three years, driven by new product cycles and recovery from inventory headwinds [109] Question: Gross Margin Impact from Infrastructure Growth [134] - Management expects gross margins to improve as infrastructure becomes a larger part of the business, with a target of mid-60% gross margins [135]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2023 OR ☐TRANSITION 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 ...

MaxLinear, Inc. (NASDAQ:MXL) Q3 2023 Earnings Conference Call October 25, 2023 4:30 PM ET Company Participants Leslie Green - Investor Relations Kishore Seendripu - Chief Executive Officer Steven Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Financial Corp. Quinn Bolton - Needham & Company Gary Mobley - Wells Fargo Securities LLC Christopher Rolland - Susquehanna International Group, LLP Ross Seymore - Deutsche Bank David Willia ...

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 Quarterly Period Ended September 30, 2023 OR ☐TRANSITION 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 incorp ...

July 26, 2023 MaxLinear Q2'23 Earnings Cautionary Note Concerning Forward-Looking Statements 2 This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Unless otherwise indicated, all forward looking statements are based on estimates, projections, and assumptions of MaxLinear as of the date of this presentation. These forward-looking statements include, among others, ...

MaxLinear, Inc. (NASDAQ:MXL) Q2 2023 Earnings Conference Call July 26, 2023 4:30 PM ET Company Participants Leslie Green - Investor Relations Kishore Seendripu - Chief Executive Officer Steven Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Quinn Bolton - Needham & Company Karl Ackerman - BNP Paribas Ross Seymore - Deutsche Bank David Williams - The Benchmark Company, LLC Tore Svanberg - Stifel Financial Corp. Gary Mobley - Wells Fargo Securities LLC Su ...

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 Quarterly Period Ended June 30, 2023 OR ☐TRANSITION 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 incorporati ...

MaxLinear, Inc. (NASDAQ:MXL) Q1 2023 Results Conference Call April 26, 2023 4:30 PM ET Company Participants Leslie Green - Investor Relations Kishore Seendripu - CEO Steve Litchfield - CFO and Chief Corporate Strategy Officer Conference Call Participants Quinn Bolton - Needham & Company Ananda Baruah - Loop Capital Ross Seymore - Deutsche Bank Tore Svanberg - Stifel David Williams - Benchmark Company Christopher Rolland - SIG Karl Ackerman - BNP Paribas Ashley McCurry - Wells Fargo Suji Desilva - ROTH Capit ...

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 Quarterly Period Ended March 31, 2023 OR ☐TRANSITION 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 incorporat ...

Inventory $160.5 $166.0 $131.7 Other assets $537.9 $552.6 $585.4 Q1'23 Guidance Appendix | --- | --- | --- | --- | |--------------------------------------------------------|-------------------|---------------------------------------|-------------------| | | December 31, 2022 | Three Months Ended September 30, 2022 | December 31, 2021 | | GAAP impairment losses | 2,811 | — | — | | Impairment losses | (2,811) | — | — | | Non-GAAP impairment losses | — | — | — | | GAAP restructuring expenses | 1,172 | 631 | — ...