MaxLinear, Inc. (NASDAQ:MXL) Q4 2021 Earnings Conference Call February 2, 2022 4:30 PM ET Company Participants Nicholas Aberle ??? Vice President-Finance and Investor Relations Kishore Seendripu ??? Chief Executive Officer Steve Litchfield ??? Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg ??? Stifel Quinn Bolton ??? Needham & Company David Williams ??? The Benchmark Company Ananda Baruah ??? Loop Capital Christopher Rolland ??? Susquehanna Richard Sh ...

Financial Performance - In the year ended December 31, 2021, net revenue was $892.4 million, driven by sales of RF receivers, connectivity solutions, and high-speed optical interconnect solutions [238]. - Net revenue increased by $413.8 million to $892.4 million for the year ended December 31, 2021, compared to $478.6 million for the year ended December 31, 2020, representing an 86% increase [281]. - Gross profit for the year ended December 31, 2021 was $495.8 million, up $283.0 million or 133% from $212.8 million in 2020, with a gross profit percentage of 56% [283]. - Gross profit margin improved to 56% in 2021 from 44% in 2020, while cost of net revenue decreased from 56% to 44% [279]. - Cost of net revenue increased by $130.8 million to $396.6 million for the year ended December 31, 2021, representing a 49% increase compared to 2020 [283]. Revenue Sources - Products shipped to Asia accounted for 83% of net revenue in 2021, with significant contributions from Hong Kong (40%) and mainland China (12%) [239]. - The top two customers accounted for 26% of net revenue in 2021, while the ten largest customers collectively accounted for 69% [240]. - Broadband revenue contributed $248.1 million to the increase, primarily due to a full-year contribution from the acquisition of Wi-Fi and Broadband assets on July 31, 2020 [281]. - Connectivity revenue rose by $78.5 million, driven by a full-year contribution from the Wi-Fi and Broadband assets acquisition and increased MoCA and G.hn product shipments [281]. - Infrastructure revenue increased by $43.3 million, attributed to higher shipments of high-performance analog and wireless backhaul products, driven by the ramp-up of 5G [281]. - Industrial and multi-market revenue grew by $43.9 million, linked to increased shipments of high-performance analog products from the Wi-Fi and Broadband assets acquisition [281]. Acquisitions and Investments - The company completed the acquisition of the Home Gateway Platform Division of Intel for $150 million on July 31, 2020 [247]. - The acquisition of NanoSemi, Inc. included $10 million in cash and 804,163 shares, with potential additional payments of up to $70 million based on performance [248]. - A recent acquisition on December 8, 2021, involved an initial payment of $5 million, with an additional $3 million contingent on meeting targets by March 31, 2023 [256]. - The company reported net cash used in investing activities of $91.8 million for 2021, which included $40.0 million for acquisitions and $39.2 million for property and equipment purchases [310]. Expenses and Cost Management - Research and development expenses accounted for 31% of total operating expenses in 2021, down from 38% in 2020 [279]. - Research and development expenses rose by $98.4 million to $278.4 million in 2021, a 55% increase from $180.0 million in 2020, accounting for 31% of net revenue [284]. - Selling, general and administrative expenses decreased to 17% of total operating expenses in 2021 from 27% in 2020 [279]. - Selling, general and administrative expenses increased by $19.9 million to $149.9 million in 2021, a 15% increase from $130.0 million in 2020, representing 17% of net revenue [286]. - Restructuring charges decreased by $1.6 million to $2.2 million in 2021, a 42% reduction compared to $3.8 million in 2020 [287]. Cash Flow and Financial Position - As of December 31, 2021, the company had cash and cash equivalents of $130.6 million and net accounts receivable of $119.7 million, with working capital of $196.7 million [297]. - The company's working capital increased to $196.7 million as of December 31, 2021, compared to $128.1 million in 2020 [305]. - Cash and cash equivalents decreased to $130.6 million as of December 31, 2021, down from $148.9 million in 2020 [305]. - The company expects its cash and cash equivalents to be sufficient to fund projected operating requirements for at least the next twelve months [314]. - Net cash provided by operating activities for the year ended December 31, 2021 was $168.2 million, a significant increase from $73.6 million in 2020 [307][308]. - Net cash used in financing activities was $91.9 million for 2021, primarily due to $409.8 million in debt repayments and $23.5 million in common stock repurchases [312]. Market Conditions and Future Outlook - The company experienced a global semiconductor chip shortage impacting its ability to meet increased demand, which may continue into 2023 [245]. - The COVID-19 pandemic has caused significant volatility in sales and revenues, with ongoing uncertainty in customer demand [246]. - The company expects revenue to fluctuate in the future due to evolving customer demand and macroeconomic conditions, with potential volatility from the COVID-19 pandemic and global semiconductor chip shortage [282]. - The company anticipates an increase in research and development expenses in future years to expand its product portfolio and enhance existing products [285]. - The company may face decreased sales and revenues in the near future due to heightened volatility and uncertainty in customer demand stemming from the COVID-19 pandemic and global semiconductor chip shortages [300]. Financial Obligations - As of December 31, 2021, the company had total cash requirements of $532.6 million, including long-term debt obligations of $310.0 million and operating lease obligations of $36.2 million [303]. - The company has a revolving credit facility of up to $100.0 million, which was undrawn as of December 31, 2021 [304]. - The company is subject to variable interest rates on its credit agreements, with potential impacts from rising interest rates being immaterial [321].

MaxLinear, Inc. (NASDAQ:MXL) Q3 2021 Earnings Conference Call October 27, 2021 4:30 PM ET Company Participants Nick Aberle - Vice President, Finance Kishore Seendripu - Chief Executive Officer Steve Litchfield - Chief Financial Officer & Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Quinn Bolton - Needham & Co. Ross Seymore - Deutsche Bank Tim Savageaux - Northland Capital Markets Alessandra Vecchi - William Blair David Williams - Benchmark Suji Desilva - ROTH Capital ...

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, 2021 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 incorpo ...

MaxLinear, Inc. (NASDAQ:MXL) Q2 2021 Earnings Conference Call July 28, 2021 4:30 PM ET Company Participants Brian Nugent - Head, Investor Relations Kishore Seendripu - Chief Executive Officer Steve Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Quinn Bolton - Needham & Company Gary Mobley - Wells Fargo Ananda Baruah - Loop Capital Markets Melissa Weathers - Deutsche Bank Tim Savageaux - Northland Capital Markets Richard Shannon - ...

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, 2021 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 incorporatio ...

MaxLinear, Inc. (NASDAQ:MXL) Q1 2021 Earnings Conference Call April 28, 2021 4:30 PM ET Company Participants Brian Nugent - IR Kishore Seendripu - CEO Steve Litchfield - CFO and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Ananda Baruah - Loop Capital Markets Suji Desilva - ROTH Capital Alessandra Vecchi - William Blair Christopher Rolland - Susquehanna Bill Peterson - JP Morgan Sam Peterman - Craig Hallum Capital Group Tim Savaggeaux - Northland Capital Markets Opera ...

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, 2021 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 ...

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, 2020 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) Q4 2020 Earnings Conference Call February 3, 2021 4:30 PM ET Corporate Participants Brian Nugent - Investor Relations Kishore Seendripu - Chief Executive Officer Steve Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer Conference Call Participants Tore Svanberg - Stifel Alessandra Vecchi - William Blair Quinn Bolton - Needham & Company Ananda Baruah - Loop Capital Markets Tim Savaggeaux - Northland Capital Markets Richard Shannon - Craig-Hallum Operator Gr ...