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Maxlinear Inc (MXL) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

SEC Filings

Maxlinear Inc

CIK: 1288469 Ticker: MXL

Exhibit 99.1
mxla01a01a4311.jpg
FOR IMMEDIATE RELEASE

MaxLinear Raises Second Quarter 2020 Financial Guidance based on Broadband Strength and Analog Product Recovery

Carlsbad, Calif. – July 7, 2020 – MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications, today announced a revised preliminary revenue estimate range for the second quarter 2020.

MaxLinear’s revenue guidance provided on April 29, 2020 was in the range of $60 million to $64 million. The company now expects preliminary total revenue of approximately $65 million to $65.5 million.

“During the second quarter, our business has shown solid improvements with stronger-than-expected revenues driven by a broadband demand uptick as well as analog product sales recovery. While we have seen some negative COVID-19 related impacts, the work-from-home environment has strongly benefitted our connected home business owing to noticeable inflection in bandwidth demand at home. The infrastructure business also saw meaningful quarterly improvements over previous results, supporting our positive outlook on the new product ramps that are just beginning,” commented Kishore Seendripu, Ph.D., Chairman and CEO.

“Additionally, we expect MaxLinear’s acquisition of Intel’s Home Gateway Platform Division to close during the current quarter ending September 30, 2020,” continued Dr. Seendripu.

There will be no conference call associated with this press release. MaxLinear will report results for the second quarter and provide its outlook for the third quarter during its next earnings conference call scheduled for July 23, 2020 after market close. The Company will host a corresponding conference call at 1:30 p.m. Pacific Time, 4:30 p.m. Eastern Time.

Conference Call Details
Date:July 23, 2020
Time:1:30 p.m. Pacific Time / 4:30 p.m. Eastern Time
Hosts:Kishore Seendripu, Ph.D., Chief Executive Officer and
Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer
Dial-in:US toll free:1-877-407-3109
International: 1-201-493-6798

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 revised revenue guidance for the quarter ended June 30, 2020 and the impact of several industrywide dynamics related to COVID-19. 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 and future operating results include, without limitation, risks arising from our pending acquisition of Intel’s Connected Home Gateway Platform Division and the subsequent integration of that business into MaxLinear; intense competition in our industry; 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, including in particular new markets we are entering but also existing markets such as cable; potential uncertainties arising from continued consolidation among cable television and satellite operators in our target


The following information was filed by Maxlinear Inc (MXL) on Tuesday, July 7, 2020 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Maxlinear Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheet (Parenthetical)
Consolidated Balance Sheets
Consolidated Statement Of Comprehensive Income (Parenthetical)
Consolidated Statement Of Operations
Consolidated Statement Of Stockholder's Equity Statement
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Balance Sheet Details
Balance Sheet Details (Tables)
Balance Sheet Details - Accrued Expenses (Details 6)
Balance Sheet Details - Cash And Investments (Details 1)
Balance Sheet Details - Inventory (Details 2)
Balance Sheet Details - Property And Equipment (Details 3)
Balance Sheet Details Balance Sheet Details - Aoci (Details)
Balance Sheet Details- Accrued Price Protection Liability (Details 5)
Commitments And Contingencies
Commitments And Contingencies (Details 1)
Commitments And Contingencies (Tables)
Concentration Of Credit Risk, Significant Customers And Geographic Information
Concentration Of Credit Risk, Significant Customers And Geographic Information (Details)
Concentration Of Credit Risk, Significant Customers And Geographic Information (Tables)
Debt And Interest Rate Swap
Debt And Interest Rate Swap (Details)
Debt And Interest Rate Swap (Tables)
Financial Instruments
Financial Instruments (Details 1)
Financial Instruments (Details 2)
Financial Instruments (Details 3)
Financial Instruments (Tables)
Financial Instruments - Additional Information (Details Textuals)
Goodwill And Intangible Assets
Goodwill And Intangibles Assets (Details 1)
Goodwill And Intangibles Assets (Details 2)
Goodwill And Intangibles Assets (Details 3)
Goodwill And Intangibles Assets (Details 4)
Goodwill And Intangibles Assets (Details Textuals)
Goodwill And Intangibles Assets (Tables)
Income Taxes
Income Taxes - Additional Information (Details)
Leases
Leases (Details)
Leases (Tables)
Net Income (Loss) Per Share
Net Income (Loss) Per Share (Details 1)
Net Income (Loss) Per Share (Details Textuals)
Net Income (Loss) Per Share (Tables)
Organization And Summary Of Significant Accounting Policies
Organization And Summary Of Significant Accounting Policies (Policies)
Restructuring Activities (Details Textuals)
Restructuring Activity
Restructuring Activity (Details 1)
Restructuring Activity (Details 2)
Restructuring Activity (Tables)
Revenue From Contracts With Customers
Revenue From Contracts With Customers (Details)
Revenue From Contracts With Customers (Tables)
Stock-Based Compensation And Employee Benefit Plans
Stock-Based Compensation And Employee Benefit Plans (Tables)
Stock-Based Compensation And Employee Benefit Plans - Additional Information (Details Textuals)
Stock-Based Compensation And Employee Benefit Plans - Awards (Details 2)
Stock-Based Compensation And Employee Benefit Plans - Espp (Details 3)
Stock-Based Compensation And Employee Benefit Plans - Expense By Type (Details 1)
Stock-Based Compensation And Employee Benefit Plans - Stock Options (Details 4)
Subsequent Events (Details)
Subsequent Events (Notes)

Material Contracts, Statements, Certifications & more

Maxlinear Inc provided additional information to their SEC Filing as exhibits

Ticker: MXL
CIK: 1288469
Form Type: 10-Q Quarterly Report
Accession Number: 0001288469-20-000154
Submitted to the SEC: Thu Jul 23 2020 4:08:09 PM EST
Accepted by the SEC: Thu Jul 23 2020
Period: Tuesday, June 30, 2020
Industry: Semiconductors And Related Devices

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