Exhibit 99.1 Carlsbad, Calif. – April 24, 2024 – MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the first quarter ended March 31, 2024. First Quarter Financial Highlights GAAP basis: Non-GAAP basis: Management Commentary FOR IMMEDIATE RELEASE MaxLinear, Inc. Announces First Quarter 2024 Financial Results • Net revenue of $95.3 million in Q1, GAAP gross margin of 51.7% and non-GAAP gross ma ...

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 ...

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 ...

Part I [Part I - Financial Information](index=3&type=section&id=Part%20I%20FINANCIAL%20INFORMATION) This section provides the unaudited consolidated financial statements and management's discussion and analysis for the quarter ended March 31, 2023 [Financial Statements (unaudited)](index=4&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited consolidated financial statements for MaxLinear, Inc. as of March 31, 2023, and for the three months ended March 31, 2023 and 2022, including balance sheets, income statements, and cash flow statements [Consolidated Balance Sheets](index=4&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in thousands) | Account | March 31, 2023 (unaudited) | December 31, 2022 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $207,850 | $187,353 | | Accounts receivable, net | $188,733 | $170,971 | | Inventory | $149,585 | $160,544 | | Goodwill | $318,910 | $306,739 | | **Total assets** | **$1,198,478** | **$1,180,025** | | **Liabilities & Equity** | | | | Total current liabilities | $300,162 | $341,086 | | Long-term debt | $121,910 | $121,757 | | **Total liabilities** | **$464,366** | **$503,640** | | **Total stockholders' equity** | **$734,112** | **$676,385** | [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) Consolidated Statements of Income (in thousands, except per share data) | Metric | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | Net revenue | $248,442 | $263,927 | | Gross profit | $140,307 | $154,590 | | Income from operations | $27,277 | $48,127 | | **Net income** | **$9,533** | **$33,586** | | **Diluted EPS** | **$0.12** | **$0.42** | - The company experienced a significant decrease in net income, falling to **$9.5 million** in Q1 2023 from **$33.6 million** in Q1 2022. This was driven by a **6% decline in revenue** and increased operating expenses, including **$4.6 million in restructuring charges** and **$2.4 million in impairment losses** not present in the prior year[14](index=14&type=chunk) [Consolidated Statements of Cash Flows](index=10&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Consolidated Statements of Cash Flows Highlights (in thousands) | Cash Flow Activity | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $42,159 | $134,166 | | Net cash used in investing activities | ($15,511) | ($42,762) | | Net cash used in financing activities | ($6,170) | ($70,659) | | **Increase in cash, cash equivalents and restricted cash** | **$20,479** | **$20,515** | - Cash from operating activities decreased significantly to **$42.2 million** in Q1 2023 from **$134.2 million** in Q1 2022, primarily due to lower net income and changes in operating assets and liabilities. Cash used in financing activities decreased substantially, mainly because there were no stock repurchases in Q1 2023, compared to **$26.3 million** in repurchases in Q1 2022[25](index=25&type=chunk)[207](index=207&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) - On May 5, 2022, MaxLinear entered into an agreement to acquire Silicon Motion Technology Corporation for approximately **$4.3 billion**. The transaction is pending antitrust approval in China[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) - On January 17, 2023, the Company acquired 'Company Y', a provider of engineering design services in India, for **$9.7 million** in cash plus up to **$2.6 million** in contingent consideration. This resulted in an increase of **$12.2 million in goodwill**[42](index=42&type=chunk)[43](index=43&type=chunk)[54](index=54&type=chunk) - In Q1 2023, the company initiated a restructuring plan to reduce its workforce, resulting in **$4.6 million in restructuring charges**, primarily for employee separation expenses[50](index=50&type=chunk) Net Revenue by Market (in thousands) | Market | Q1 2023 | Q1 2022 | | :--- | :--- | :--- | | Broadband | $81,681 | $134,556 | | Connectivity | $66,268 | $60,179 | | Infrastructure | $46,302 | $33,181 | | Industrial and multi-market | $54,191 | $36,011 | | **Total** | **$248,442** | **$263,927** | - On March 10, 2023, the company settled all outstanding litigation with Bell Semiconductor LLC by entering into a Settlement and Patent License Agreement. The settlement amount was not material[141](index=141&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=32&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance for the quarter ended March 31, 2023, covering revenue trends, profitability, operating expenses, and the impact of macroeconomic conditions, along with liquidity and capital resources [Results of Operations](index=35&type=section&id=MD%26A_Results_of_Operations) - Net revenue decreased by **$15.5 million (6%) YoY**, primarily due to a **$52.9 million (39%) decline** in the Broadband market, which was impacted by adverse macroeconomic conditions. This was partially offset by growth in Connectivity (**+10%**), Infrastructure (**+40%**), and Industrial and multi-market (**+50%**)[174](index=174&type=chunk) - Gross profit margin decreased from **59%** in Q1 2022 to **56%** in Q1 2023. The decline was attributed to changes in revenue mix and lower absorption of intangible asset amortization[177](index=177&type=chunk) - Operating expenses increased as a percentage of revenue from **40% to 45% YoY**. This was driven by new restructuring charges of **$4.6 million** and impairment losses of **$2.4 million** in Q1 2023[173](index=173&type=chunk)[183](index=183&type=chunk) - The income tax provision increased to **$15.6 million** from **$11.5 million YoY**, despite lower pre-tax income. The effective tax rate was influenced by the geographic mix of income, taxes on global intangible low-taxed income (GILTI), and recent legislative changes requiring capitalization of R&D costs[187](index=187&type=chunk)[188](index=188&type=chunk) [Liquidity and Capital Resources](index=40&type=section&id=MD%26A_Liquidity_and_Capital_Resources) - As of March 31, 2023, the company had **$207.9 million** in cash and cash equivalents and **$293.4 million** in working capital[192](index=192&type=chunk) - The company has **$125.0 million** of principal outstanding under its term loan as of March 31, 2023. A revolving credit facility of up to **$100.0 million** remained undrawn[194](index=194&type=chunk)[195](index=195&type=chunk) - The pending acquisition of Silicon Motion will be funded with cash on hand and up to **$3.5 billion** in committed debt financing. A portion of these proceeds will be used to repay the company's existing debt in full[193](index=193&type=chunk) Material Cash Requirements as of March 31, 2023 (in thousands) | Obligation Type | Total | Less than 1 year | 2-3 years | 4-5 years | More than 5 years | | :--- | :--- | :--- | :--- | :--- | :--- | | Long-term debt obligations | $125,000 | $— | $— | $— | $125,000 | | Operating lease obligations | $33,379 | $8,444 | $15,619 | $8,745 | $571 | | Inventory purchase obligations | $92,414 | $92,387 | $27 | $— | $— | | Other obligations | $33,346 | $20,820 | $12,526 | $— | $— | | **Total** | **$284,139** | **$121,651** | **$28,172** | **$8,745** | **$125,571** | [Quantitative and Qualitative Disclosures about Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section outlines the company's exposure to market risks, primarily from fluctuations in foreign currency exchange rates and interest rates - The company has limited exposure to foreign currency risk as international customer and vendor agreements are mostly denominated in U.S. dollars[212](index=212&type=chunk) - The company is subject to interest rate risk on its variable-rate credit agreements. A hypothetical **10% increase** in LIBOR rates during Q1 2023 would have had an immaterial impact on interest expense[213](index=213&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management evaluated the company's disclosure controls and procedures, concluding they were effective as of March 31, 2023, with no material changes to internal control over financial reporting - The Principal Executive Officer and Principal Financial Officer concluded that the company's disclosure controls and procedures were effective as of the end of the period covered by the report[215](index=215&type=chunk) - There were no changes in the company's internal control over financial reporting during the quarter ended March 31, 2023, that materially affected, or are reasonably likely to materially affect, internal controls[216](index=216&type=chunk) Part II [Part II - Other Information](index=45&type=section&id=Part%20II%20OTHER%20INFORMATION) This section covers legal proceedings, risk factors, equity security sales, and other significant corporate information [Legal Proceedings](index=45&type=section&id=Item%201.%20Legal%20Proceedings) This section details the company's recent legal activities, including a patent infringement settlement with Bell Semiconductor LLC - On March 10, 2023, MaxLinear and Bell Semiconductor entered into a Settlement and Patent License Agreement, resolving all patent infringement claims filed by Bell Semiconductor in 2022[221](index=221&type=chunk) [Risk Factors](index=46&type=section&id=Item%201A.%20Risk%20Factors) This section outlines material risks and uncertainties that could adversely affect the company's business, financial condition, and results of operations - **Merger Risks:** Key risks associated with the Silicon Motion merger include failure to successfully integrate, disruption to business relationships, difficulty retaining key personnel, potential for a **$160 million termination fee**, and a material increase in indebtedness up to **$3.5 billion**[228](index=228&type=chunk)[237](index=237&type=chunk)[246](index=246&type=chunk) - **Business Risks:** The company faces intense competition, cyclicality of the semiconductor industry, and risks from global economic conditions like inflation. A substantial portion of revenue comes from a limited number of customers and is concentrated in Asia (**77% of net revenue** in Q1 2023)[264](index=264&type=chunk)[270](index=270&type=chunk)[296](index=296&type=chunk) - **Third-Party Reliance Risks:** MaxLinear operates a fabless model, relying on a limited number of third-party foundries (like SMIC, TSMC, UMC) primarily in Asia. This exposes the company to capacity shortages, quality control issues, and geopolitical risks[383](index=383&type=chunk)[384](index=384&type=chunk) - **Regulatory and IP Risks:** The business is subject to complex export control laws, particularly regarding China. The company faces risks of intellectual property infringement claims and must protect its own IP. A voluntary self-disclosure of a potential EAR violation was submitted to BIS on March 3, 2023[278](index=278&type=chunk)[286](index=286&type=chunk)[365](index=365&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=81&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports that there were no unregistered sales of equity securities or share repurchases during the period due to the pending merger - There were no unregistered sales of equity securities in the quarter[424](index=424&type=chunk) - The company did not repurchase any of its equity securities during the quarter[425](index=425&type=chunk) [Other Information](index=81&type=section&id=Item%205.%20Other%20Information) This section discloses a workforce reduction completed in April 2023 to align operational needs with macroeconomic conditions, incurring restructuring costs - In April 2023, the company completed a workforce reduction to reduce operating expenses in response to macroeconomic conditions[428](index=428&type=chunk) - As a result of the workforce reduction, the company incurred **~$4.6 million** in restructuring costs in Q1 2023 and estimates an additional **$4 million to $5 million** in costs for the remainder of 2023[429](index=429&type=chunk) [Exhibits](index=83&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including certifications by the Principal Executive Officer and Principal Financial Officer - The exhibits filed with this report include CEO and CFO certifications pursuant to Sections 302 and 906 of the Sarbanes-Oxley Act, as well as XBRL data files[433](index=433&type=chunk)

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 | — ...