MaxLinear (MXL) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, January 30, 2026 astatine 8:29 AM CST 35 min read

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Thursday, January 29, 2026 astatine 4:30 p.m. ET

• Chief Executive Officer — Dr. Kishore Seendripu

• Chief Financial Officer and Chief Corporate Strategy Officer — Steven Litchfield

• Investor Relations — Leslie Green

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Leslie Green: Thank you, Diego. Good afternoon, everyone, and convey you for joining america connected today's league telephone to sermon MaxLinear's 4th fourth 2025 fiscal results. Today's telephone is being hosted by Dr. Kishore Seendripu, CEO; and Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer. After our prepared comments, we volition instrumentality your questions. Our comments contiguous see forward-looking statements wrong the meaning of applicable securities laws, including statements relating to our guidance for the archetypal 4th of 2026, including revenue, GAAP and non-GAAP gross margin, GAAP and non-GAAP operating expenses, GAAP and non-GAAP involvement and different expense, GAAP and non-GAAP income taxes and basal and diluted stock count.

In addition, we volition marque forward-looking statements relating to trends, opportunities, execution of our concern program and imaginable maturation and uncertainties successful assorted merchandise and geographic markets, including, without limitation, statements concerning aboriginal fiscal and operating results, opportunities for gross and marketplace stock crossed our people markets, caller products, including the timing of accumulation and launches of specified products, request for and adoption of definite technologies and our full addressable market. These forward-looking statements impact important risks and uncertainties, including risks outlined successful our Risk Factors conception of our caller SEC filings, including our Form 10-K for the twelvemonth ended December 31, 2025, which we filed today.

Any forward-looking statements are made arsenic of today, and MaxLinear has nary work to update oregon revise immoderate forward-looking statements. The 4th fourth 2025 net merchandise is disposable successful the Investor Relations conception of our website astatine maxlinear.com. In addition, we study definite humanities fiscal metrics, including, but not constricted to, gross margin, income oregon nonaccomplishment from operations, operating expenses, involvement and different disbursal and income taxation connected some a GAAP and non-GAAP basis. We promote investors to reappraisal the elaborate reconciliation of our GAAP and non-GAAP presentations successful the property merchandise disposable connected our website.

We bash not supply a reconciliation of non-GAAP guidance for aboriginal periods due to the fact that of the inherent uncertainty associated with our quality to task definite aboriginal changes, including stock-based compensation and its related taxation effects arsenic good arsenic imaginable impairments. Non-GAAP fiscal measures discussed contiguous are not meant to beryllium considered successful isolation oregon arsenic a substitute for comparable GAAP fiscal measures. We are providing this accusation due to the fact that absorption believes it is utile to investors arsenic it reflects however absorption measures our business. Lastly, this telephone is besides being webcast, and the replay volition beryllium disposable connected our website for 2 weeks. And present fto maine crook the telephone implicit to Dr. Kishore Seendripu, CEO of MaxLinear. Kishore?