2024-04-24 23:20:41 ET
MaxLinear, Inc. (MXL)
Q1 2024 Earnings Conference Call
April 24, 2024 16:30 ET
Company Participants
Leslie Green - Investor Relations
Kishore Seendripu - Chief Executive Officer
Steven Litchfield - Chief Financial Officer & Chief Corporate Strategy Officer
Conference Call Participants
Quinn Bolton - Needham & Company
Christopher Rolland - Susquehanna International
Tore Svanberg - Stifel
David Williams - The Benchmark Company
Ross Seymore - Deutsche Bank
Tim Savageaux - Northland Capital Markets
Ananda Baruah - Loop Capital Markets
Karl Ackerman - BNP Paribas
Suji Desilva - ROTH MKM
Richard Shannon - Craig-Hallum
Presentation
Operator
Greetings and welcome to the MaxLinear First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Leslie Green, Investor Relations. Thank you, Leslie. You may begin.
Leslie Green
Thank you, Paul and good afternoon, everyone and thank you for joining us on today's conference call to discuss MaxLinear's first quarter 2024 financial results. Today's call is being hosted by Dr. Kishore Seendripu, CEO; and Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer. After our prepared comments, we will take questions.
Our comments today include forward-looking statements within the meaning of applicable securities laws, including statements relating to our guidance for the second quarter of 2024, including revenue, GAAP and non-GAAP gross margin, GAAP and non-GAAP operating expenses, GAAP and non-GAAP interest and other expense and GAAP and non-GAAP diluted share count. In addition, we will make forward-looking statements relating to trends, opportunities, execution of our business plan and potential growth and uncertainties in various product and geographic markets, including, without limitation, statements concerning future financial and operating results, opportunities for revenue and market share across our target markets, expected production ramps and timing for the launches of new products, our design win pipeline, demand for and adoption of certain technologies, our serviceable addressable market, the effects of cost reduction measures and product announcement. These forward-looking statements involve substantial risks and uncertainties, including risks outlined in our Risk Factor section of our SEC filings, including our Form 10-Q for the quarter ended March 31 2024 which we intend to file later today. Any forward-looking statements are made as of today and MaxLinear has no obligation to update or revise any forward-looking statements. The future -- the first quarter 2024 earnings release is available on the Investor Relations section of our website at maxlinear.com.
In addition, we report certain historical financial metrics, including but not limited to, gross margin, operating margin, operating expenses and interest and other expense on both a GAAP and non-GAAP basis. We encourage investors to review the detailed reconciliation of our GAAP and non-GAAP presentations and the press release available on our website. We do not provide reconciliation of non-GAAP guidance for future periods because of the inherent uncertainty associated with our ability to project certain future changes, including stock-based compensation and its related tax effects as well as potential impairments. Non-GAAP financial measures discussed today are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures. We are providing this information because management believes it is useful to investors as it reflects how management measures our business. Lastly, this call is also being webcast and a replay will be available on our website for 2 weeks....
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MaxLinear, Inc. (MXL) Q1 2024 Earnings Call Transcript