MaxLinear, Inc. (NYSE:MXL) Q4 2018 Earnings Conference Call Transcript

Feb 05, 2019 • 04:30 pm ET


MaxLinear, Inc. (NYSE:MXL) Q4 2018 Earnings Conference Call Transcript


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Greetings, and welcome to the MaxLinear Fourth Quarter 2018 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Brian Nugent of Investor Relations. Thank you, sir. You may begin.

Brian Nugent

Thank you, operator. Good afternoon, everyone, and thank you for joining us on today's conference call to discuss MaxLinear's fourth quarter 2018 financial results. Today's call is being hosted by Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer. After our prepared remarks, we will take questions.

Our comments today include forward-looking statements within the meaning of applicable securities laws, including statements relating to our first quarter 2019 revenue, gross margin, operating expense, tax expense, tax rate and interest and other expense guidance, as well as statements relating to trends, opportunities and uncertainties in various product and geographic markets, including, without limitation, statements concerning growth opportunities for our wireless infrastructure and connectivity markets and improved revenues in our broadband markets.

These forward-looking statements involve substantial risks and uncertainties, including risks arising from competition, our dependence on a limited number of customers, average selling price trends, risks that our markets and growth opportunities may not develop as we currently expect and that our assumptions concerning these opportunities may prove incorrect and numerous other risks outlined in the Risk Factors section of our recent SEC filings, including our previously Form -- filed Form 10-K for the year ended December 31, 2017, our Form 10-Q for the quarter ended September 30, 2018, and our Form 10-K for the year-ended December 31, 2018, which was filed today.

Any forward-looking statements are made as of today, and MaxLinear has no obligation to update or revise any forward-looking statements. The fourth quarter 2018 earnings release is available in the Investor Relations section of our website at

In addition, we report certain historical financial metrics, including net revenues, gross margin, operating expenses, income or loss from operations, income taxes, net income or loss and net income or loss per share on both GAAP and non-GAAP basis. We encourage investors to review the detailed reconciliation of our GAAP and non-GAAP presentations in 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 charges, including stock-based compensation and its associated tax effects. Non-GAAP financial measures discussed today do not replace the presentation of MaxLinear GAAP financial results.

We're providing this information to enable investors to perform more meaningful comparisons of our operating results in a manner similar to the -- to management's analysis of our business. Lastly, this call is being webcast and a replay will be available on our website for two weeks.

And now, let me turn the call over to Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer of MaxLinear.

Steven Litchfield

Thanks, Brian, and