Slide 1: MaxLinear Q2'22 Earnings July 2022
MaxLinear Q2’22 Earnings July 2022
Slide 2: Cautionary Note Concerning Forward-Looking Statements
Cautionary Note Concerning Forward-Looking Statements This presentation 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. Unless otherwise indicated, all forward looking
Slide 3: Disclaimer: Non-GAAP Financial Measures
Disclaimer Non-GAAP Financial Measures This communication may contain certain non-GAAP financial measures, which MaxLinear management believes are useful to investors and reflect how management measures MaxLinear’s business. Further detail and reconciliations between the non-GAAP financial measures
Slide 4: Q2'22 Financial Highlights
Q2’22 Financial Highlights .. Revenue of $280.0 million, an increase of 36% YoY and 6% QoQ .. GAAP and Non-GAAP gross margin was 58.7% and 62.3% .. GAAP and Non-GAAP operating margin was 13.9% and 32.2% .. GAAP and Non-GAAP earnings per share was $0.40 and $1.11 .. Cash generated from operations was
Slide 5: Q2'22 Business Highlights
Q2’22 Business Highlights .. Company-specific growth drivers enabled us to outperform the market in the second quarter. .. Continued strong growth in fiber broadband access and 5G wireless infrastructure end- markets. .. On a run rate to more than double Wi-Fi revenue in 2022, with a path to exceed
Slide 6: Update on Acquisition of Silicon Motion
Update on Acquisition of Silicon Motion .. Acquisition is progressing well with projected close by mid-2023 .. Announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 expired on June 27, 2022 .. Filed with China's State Administration for Market Regulation (S
Slide 7: Q2'22 GAAP Financial Results
Q2’22 GAAP Financial Results 7 $M Q2’22 Q1’22 Q2’21 Net Revenue $280.0 $263.9 $205.4 Gross Margin 58.7% 58.6% 54.8% Operating Expenses $125.3 $106.5 $110.3 Interest and Other Income (Expense) $4.8 $(3.1) $(9.5) Tax Rate 27.1% 25.4% NM Net Income $32.0 $33.6 $0.7 Earnings per Share $ 0.40 $ 0.42 $0.0
Slide 8: Q2'22 Non-GAAP Financial Results
Q2’22 Non-GAAP Financial Results 8 $M Q2’22 Q1’22 Q2’21 Net Revenue (GAAP) $280.0 $263.9 $205.4 Gross Margin 62.3% 62.8% 60.2% Operating Expenses $84.3 $77.3 $75.2 Interest and Other Income (Expense) $4.9 $(3.0) $(4.1) Tax Rate 6.0% 6.0% 6.0% Adjusted Net Income $89.3 $80.2 $41.6 Earnings per Share
Slide 9: Q2'22 Balance Sheet
Q2’22 Balance Sheet 9 $M Assets Q2’22 Q1’22 Q2’21 Cash and cash equivalents $211.4 $151.1 $130.3 Accounts receivable $137.1 $125.7 $135.3 Short-term investments $23.9 $19.1 $0 Inventory $146.4 $139.0 $98.5 Other current assets $19.9 $19.7 $14.0 Total current assets $538.6 $454.6 $378.1 Net PP&E $64.
Slide 10: Q3'22 Guidance
Q3’22 Guidance 10 $M GAAP Non-GAAP Revenue $280 - $290 $280 - $290 Gross Margin 57.5% – 60.5% 60.5% - 63.5% Operating Expenses $115 - $121 $81 - $87 Interest and Other Income (Expense) $(3.5) $(3.5)
Slide 11: Appendix
MAXLINEAR Appendix
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data)
Slide 13: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data)
Slide 14: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation UNAUDITED RECONCILIATION OF NON-GAAP ADJUSTMENTS (in thousands, except per share data)
Slide 15: Thank You
MAXLINEAR Thank You