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Maxlinear Inc (MXL) SEC Filing 10-K Annual report for the fiscal year ending Thursday, December 31, 2015

SEC Filings

Maxlinear Inc

CIK: 1288469 Ticker: MXL


Exhibit 99.1

FOR IMMEDIATE RELEASE
MaxLinear Announces Preliminary Fourth Quarter 2015 Revenue Above Previous Guidance Midpoint, and Provides Preliminary First Quarter 2016 Revenue Outlook
Carlsbad, Calif. - January 6, 2016
MaxLinear Inc. (NYSE: MXL), a leading provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, and for data center, metro, and long-haul fiber networks, today provided preliminary fourth quarter 2015 revenue results and first quarter 2016 revenue guidance.
MaxLinear currently anticipates revenue for the quarter ending December 31, 2015 to be approximately $99 million, compared to prior guidance of between $95 million and $100 million. MaxLinear also expects revenue in the first quarter of 2016 to be flat to up 5%, or $99 million to $104 million.
Management Commentary
“As we witnessed relative strength across our business toward the end of the fourth quarter 2015, we are pleased to announce a revised preliminary revenue outlook that is at the higher end of our prior guidance range. More significantly, the stronger-than-anticipated demand environment has led to improved visibility into the first quarter 2016. We expect first quarter 2016 revenue to be roughly flat to modestly up relative to the fourth quarter 2015," said Kishore Seendripu, MaxLinear President and CEO. “We expect strength to come from increased demand for our market leading satellite and cable front-ends, Legacy Video SoCs used in cable HD-DTA deployments, and a continued ramp in our emerging high-speed optical interconnect products.”
These financial results are preliminary and subject to MaxLinear's customary quarterly closing and review procedures, including completion of the audit of MaxLinear’s fiscal 2015 financial statements. No conference call will be held in conjunction with this press release.
MaxLinear will be hosting one-on-one meetings from January 6 through January 8, 2016 at the Consumer Electronics Show in Las Vegas, and will be presenting at the Needham Growth Conference in New York City on Jan 13, 2016. The Needham presentation will be available live via webcast at http://investors.maxlinear.com, and replays will be available at our website for two weeks after the conference. MaxLinear's presentation is scheduled to begin at 3:30 p.m. (Eastern Time).
Cautionary Note Concerning Forward-Looking Statements
This press release 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. Forward-looking statements include, among others, statements concerning our future financial performance (including our current guidance for fourth quarter 2015 revenue); our current revenue outlook for the first quarter of 2016; and trends and opportunities in our product markets. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results expressed or implied by the forward-looking statements. Forward-looking statements are based on management’s current, preliminary expectations and are subject to various risks and uncertainties. Risks and uncertainties affecting our business, operating results, financial condition, and stock price, include, among others, completion of our financial statements for the fourth quarter of 2015; the audit of our fiscal 2015 financial statements by our independent registered public accounting firm; the accuracy of our assumptions concerning customer demand for the first quarter of 2016; our dependence on a limited number of customers for a substantial portion of our revenues; uncertainties concerning how end user markets for our products will develop; potential uncertainties arising from continued consolidation among cable television and satellite operators; our ability to develop and introduce new and enhanced products on a timely basis and achieve market acceptance of those products, particularly as we seek to expand outside of our historic markets; potential decreases in average selling prices for our products; limited trading volumes; risks relating to intellectual property protection and the prevalence of intellectual property litigation in our industry, including pending litigation against us by a



The following information was filed by Maxlinear Inc (MXL) on Wednesday, January 6, 2016 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (unaudited) (parenthetical)
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Comprehensive Loss (parenthetical)
Consolidated Statements Of Operations
Consolidated Statements Of Stockholders Equity Statement
Unaudited Consolidated Statements Of Cash Flows
Balance Sheer Details - Cash And Investments (details)
Balance Sheet Details
Balance Sheet Details (tables)
Balance Sheet Details - Accrued Expenses (detail)
Balance Sheet Details - Amortization Of Company's Intangible Assets (detail)
Balance Sheet Details - Deferred Revenue And Deferred Profit (detail)
Balance Sheet Details - Intangible Assets (detail)
Balance Sheet Details - Inventory (detail)
Balance Sheet Details - Property And Equipment (detail)
Balance Sheet Details- Accrued Price Protection Liability (details)
Business Combination
Business Combination (tables)
Business Combination - Acquisition Of Intangible Assets (details)
Business Combination - Additional Information (details)
Business Combination - Fair Value Of Purchase Price (details)
Business Combination - Pro Forma Information (details)
Business Combination - Purchase Price Allocation (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Litigation (details)
Commitments And Contingencies Commitments And Contingencies-additional Details (details)
Employee Retirement Plan
Financial Instruments
Financial Instruments (tables)
Financial Instruments Financial Instruments (details 1)
Financial Instruments Financial Instruments (details 2)
Financial Instruments Financial Instruments (details 3)
Financial Instruments Financial Instruments - Additional Information (details 4)
Goodwill And Intangible Assets - Schedule Of Goodwill (details)
Goodwill And Intangible Assets Goodwill And Intangibles Other (details 1)
Goodwill And Intangible Assets Goodwill And Intangibles Other (details 2)
Goodwill And Intangible Assets Notes
Goodwill And Intangible Assets Tables (tables)
Income Taxes
Income Taxes - Additional Information (detail)
Income Taxes Components Of Deferred Income Tax Asset (details)
Income Taxes Components Of Income Tax Provision (benefit) (details)
Income Taxes Income Tax (tables)
Income Taxes Income Tax Expense (benefit) (details)
Income Taxes Schedule Of Income Before Income Tax Domestic And Foreign (details)
Income Taxes Unrecognized Tax Expense (benefit) Roll Forward (details)
Net Loss Per Share
Net Loss Per Share (tables)
Net Loss Per Share - Additional Information (detail)
Net Loss Per Share - Summary Of Basic And Diluted Earnings Per Share (detail)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (policies)
Organization And Summary Of Significant Accounting Policies - Acquisition Of Entropic Communications, Inc (details)
Organization And Summary Of Significant Accounting Policies - Additional Information (detail)
Restructuring Activity
Restructuring Activity (details)
Restructuring Activity (tables)
Selected Quarterly Financial Data
Selected Quarterly Financial Data (details)
Selected Quarterly Financial Data (tables)
Significant Customer And Geographic Information
Significant Customer And Geographic Information (details)
Significant Customer And Geographic Information (tables)
Stock-based Compensation
Stock-based Compensation And Employee Benefit Plans (tables)
Stock-based Compensation And Employee Benefit Plans - Additional Information (detail)
Stock-based Compensation And Employee Benefit Plans - Fair Value Of Employee Stock Purchase Rights (details)
Stock-based Compensation And Employee Benefit Plans - Stock-based Compensation (detail)
Stock-based Compensation And Employee Benefits Plan - Fair Value Of Stock Options (details)
Stock-based Compensation Stock Compensation Awards Activity Roll Forward (details)
Stock-based Compensation Stock Options Activity Roll Forward (details)
Stock-based Compensation Stock Reserved For Future Issuance (details)
Ticker: MXL
CIK: 1288469
Form Type: 10-K Annual Report
Accession Number: 0001288469-16-000053
Submitted to the SEC: Wed Feb 17 2016 3:40:37 PM EST
Accepted by the SEC: Wed Feb 17 2016
Period: Thursday, December 31, 2015
Industry: Semiconductors And Related Devices

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