MaxLinear, Inc. (NASDAQ:MXL) Q2 2023 Earnings Conference Call July 26, 2023 4:30 PM ET
Company Participants
Leslie Green - Investor Relations
Kishore Seendripu - Chief Executive Officer
Steven Litchfield - Chief Financial Officer and Chief Corporate Strategy Officer
Conference Call Participants
Quinn Bolton - Needham & Company
Karl Ackerman - BNP Paribas
Ross Seymore - Deutsche Bank
David Williams - The Benchmark Company, LLC
Tore Svanberg - Stifel Financial Corp.
Gary Mobley - Wells Fargo Securities LLC
Suji Desilva - ROTH MKM
Richard Shannon - Craig-Hallum Capital Group LLC
Christopher Rolland - Susquehanna International Group, LLP
Alek Valero - Loop Capital Markets
Operator
Hello, and welcome to the MaxLinear Second Quarter 2023 Earnings Conference Call and Webcast. [Operator Instructions] A question-and-answer session will follow the formal presentation. As a reminder, this conference is being recorded.
It’s now my pleasure to turn the call over to your host, Leslie Green, Investor Relations. Please go ahead, Leslie.
Leslie Green
Thank you, Kevin. Good afternoon, everyone, and thank you for joining us on today’s conference call to discuss MaxLinear’s second quarter 2023 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 third quarter 2023, including revenue, GAAP and non-GAAP gross profit margin, GAAP and non-GAAP operating expenses, GAAP and non-GAAP tax rate, GAAP and non-GAAP interest and other expenses, and GAAP and non-GAAP diluted share count.
In addition, we will make forward-looking statements relating to trends, opportunities and uncertainties in various product and geographic markets, including, without limitation, statements concerning opportunities arising from our broadband, wireless infrastructure, connectivity and industrial markets, timing for the launch of our products and opportunities for improved revenue and market share across our target markets.
These forward-looking statements involve substantial risks and uncertainties, including risks related to increased indebtedness, competition, the impact of a global economic downturn and high inflation; the cyclical nature of the semiconductor industry; our ability to sustain current level of revenue, including from impacts of excess inventory on our customers; expected demand for certain of our products; our ability to obtain or retain government authorization to export certain of our products or technology; and a failure to manage our relationships with or negative impacts from third parties.