MaxLinear, Inc. (NASDAQ:MXL) Q1 2023 Results Conference Call April 26, 2023 4:30 PM ET
Company Participants
Leslie Green - Investor Relations
Kishore Seendripu - CEO
Steve Litchfield - CFO and Chief Corporate Strategy Officer
Conference Call Participants
Quinn Bolton - Needham & Company
Ananda Baruah - Loop Capital
Ross Seymore - Deutsche Bank
Tore Svanberg - Stifel
David Williams - Benchmark Company
Christopher Rolland - SIG
Karl Ackerman - BNP Paribas
Ashley McCurry - Wells Fargo
Suji Desilva - ROTH Capital
Operator
Greetings, and welcome to MaxLinear's First Quarter 2023 Earnings 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, Leslie Green, Investor Relations. Thank you. You may begin.
Leslie Green
Thank you, Doug, and good afternoon, everyone. And thank you for joining us on today's conference call to discuss MaxLinear's first 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 second quarter 2023, including revenue, GAAP and non-GAAP gross margin, GAAP and non-GAAP operating expenses, GAAP and non-GAAP effective 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. Additionally, we will make forward-looking statements relating to the completion of the pending Silicon Motion transaction and anticipated timing These forward-looking statements involve substantial risks and uncertainties, including risks arising our proposed merger with Silicon Motion, including the anticipated timing of the People's Republic of China State Administration for Market Regulation, or SAMR, review; risk related to increased indebtedness competition, the impact of global economic downturn and high inflation; the cyclical nature of the semiconductor industry, our ability to obtain or retain government authorization to export certain of our products or technology; ability to support current level of revenue, including the impacts of excess inventory on our customers; expected demand for certain of our products and the failure to manage our relationships with or negative impacts from third parties.