Cautionary Note About Forward-Looking Statements. During Q4, we made a $50 million prepayment against our long-term debt position, which is at approximately $120 million today and continued to make debt prepayment of priority. In high speed optical data inter interconnect, we have a leading strategic position with our second generation and industries only finite CMOS, 400 gigabit and 800 gigabit PAM4 for production ready silicon. If I could just zoom into your broadband business a little bit more. Our Q4 revenue was $290.6 million, up 2% sequentially and 17% year-on-year, capping a major milestone in fiscal year 2022 with record revenues breaking the $1 billion mark and operating cash flow of $389 million. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. Email Alerts; Tear Sheet; Contacts; RSS News Feed; Our Q4 non-GAAP gross margin was 59.6% and non-GAAP operating margin was 32.5% with cash flows from operating activities of $69.4 million. Very good. Net revenue was $290.6 million, up 2% sequentially and up 17% year-over-year. And so, I think it's a great movement for us. We're making good progress in ongoing qualifications and feel confident that our data center revenues will grow meaningfully over the next two years. Great to see infrastructure guided up.
MaxLinear : Investor Presentation | MarketScreener MaxLinear, Inc. Investor Relations Contact: Leslie Green Tel: +1 650-312-9060 lgreen@maxlinear.com. But I guess, Steve and Kishore, you've talked about inventory in the channel. And we're doing our best to kind of navigate that with our own business as well. MAXLINEAR AND SILICON MOTION URGE INVESTORS AND SECURITY HOLDERS TO READ THE REGISTRATION STATEMENT ON FORM S-4 AND OTHER DOCUMENTS PROVIDED TO SILICON MOTION SECURITY HOLDERS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. So that's something that's probably exciting. I think there are two links to the growth, right? Our connectivity category more than doubled year-over-year, driven by our differentiated Wi-Fi6 feature set, and we continue to be on a firm trajectory to deliver at least $200 million of Wi-Fi revenue in 2023. Forward-looking statements are based on managements current, preliminary expectations and are subject to various risks and uncertainties. Non-GAAP gross margin was 62.0%. Vous pouvez modifier vos choix tout moment en cliquant sur les liens Paramtres de confidentialit et des cookies ou Tableau de bord sur la confidentialit prsents sur nos sites et dans nos applications. Our day sales outstanding for the fourth quarter was approximately 54 days down slightly from 57 days in Q3. Announces Upcoming Financial Conference Participation, Stifel 2023 Cross Sector Insight Conference.
MaxLinear to Acquire Exar in All-Cash Transaction - GlobeNewswire Research and development funded by others represents proceeds received under contracts for jointly funded R&D projects to develop technology that may be commercialized into a product in the future. Okay. So, the potential growth is much higher as Wi-Fi has become sort of the mandatory attachment to all the broadband access sort of gateways or even smaller, lower tier units. Non-GAAP income from operations was 34% of revenue, compared to 32% in the prior quarter, and 29% in the year-ago quarter. That concludes today's conference. Cost structure is much lower. Hey, guys. Importantly in the fiber PON market, we have relatively small market share today and expected continue share gains in the coming years with our unique product and technology differentiation.
3 Reasons for Investors to Like the MaxLinear-Silicon Motion Deal This press release makes reference to a proposed merger involving MaxLinear and Silicon Motion. And generally, given the uncertain environment on the revenue side of things, what's your strategy on OpEx as we think relative to kind of the -- what I guess, $83 million you guys guided to in the first quarter? You may begin. All forward-looking statements are based on the estimates, projections and assumptions of management as of February 1, 2023, and MaxLinear is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. All parties may disconnect. We believe that these non-GAAP measures have limitations in that they do not reflect all of the amounts associated with our GAAP results of operations. Do you expect -- I mean -- and do you expect potential for much movement? Lead times had been long. And do those -- does the impact in Q1 come back fully in Q2? Connectivity revenue in the quarter was $105 million up 27% sequentially and up 99% year-on-year. In particular, our future operating results are substantially dependent on our assumptions about market trends and conditions. Now this particular one is probably the world's premier fiber optic gateway product, and it is an exemplar for the remaining operators who are selling in bids and where we establish credibility through the shipment to this particular operator. Bonus payments for the 2021 performance periods were settled through the issuance of shares of common stock under our equity incentive plans in February 2022. Congratulations on a nice close 2022. Just going back to the debt related to the planned Silicon acquisition. We sell different types of products and services to both investment professionals and individual investors. We're continuing to see ASP increases, and so we're working very hard to get there. Actually, there's quite a bit of a froth from all these operators, et cetera, where there's RFPs out there for next-generation platform design-ins. But I wouldn't say that we're counting on any major shifts, but it does feel like we're kind of getting down to the right levels. lgreen@maxlinear.com. We were able to capture some of that. I think the connectivity and -- the connectivity and broadband area, there is inventory in the first half of the year that we got to work through, and that will be a headwind. Please state your question. Kishore thanks for all that. MaxLinear, Inc. (NYSE: MXL) is a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. MaxLinear will host its fourth quarter financial results conference call today, February 1, 2023 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).
Initially such proceeds may not yet be recognized in GAAP results if, pursuant to contract terms, the Company may be required to repay all or a portion of the funds provided by the other party under certain conditions. MaxLinear, Inc. So, somewhat consistent with what we've been saying over the last couple of quarters. Everybody is traveling. Thanks for taking my question as well.
MaxLinear, Inc. Announces Fourth Quarter 2022 Financial Results These forward-looking statements include (without limitation) expectations with respect to incremental revenues and accretion to MaxLinears Non-GAAP earnings per share; the future prospects for the business being acquired, particularly as they relate to work-from-home initiatives and demand for improved broadband and WiFi capabilities; and the perceived complementary and synergistic nature (from both a strategic and financial perspective) of the acquired business with MaxLinears current business. All forward-looking statements are based on the estimates, projections, and assumptions of MaxLinear management, as applicable, as of the date hereof, and MaxLinear is under no obligation (and expressly disclaims any such obligation) to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise. At the same time, in the short-term, we got to make sure that we're very disciplined around spending, especially in some of these slower periods that we're going through right now. I'd also just remind you, WiFi 7 ASP increases will be significant over Wi-Fi 6. I mean, so with regard to gross margins, so yeah, just mix related.
MaxLinear, Inc. (MXL) Q4 2022 Earnings Call Transcript Non-GAAP operating expenses were $80.4 million, or 28% of revenue, compared to $84.3 million or 30% of revenue in the prior quarter, and $74.4 million or 32% of revenue in the year-ago quarter. Ross, it's a super important question. We are also looking forward to our pending acquisition of Silicon Motion and are excited for the future growth opportunities offer comprehensive combined product portfolio. Fourth quarter GAAP operating expenses were $122.2 million, including stock-based compensation and performance-based equity accruals of $35.3 million combined. In addition, managements incentive compensation will be determined in part using these non-GAAP measures because we believe non-GAAP measures better reflect our core operating performance. Among other uses, our management uses non-GAAP measures to compare our performance relative to forecasts and strategic plans and to benchmark our performance externally against competitors. We revolutionize how people connect - driving faster, smarter networks - through engineering innovation. We've also got a variety of kind of legal costs that are somewhat one-time in nature, but they do tick up in Q1. What do you think your design win share would be in that as those start to come in versus the current Wi-Fi 6, 6E, will it be similar? Thank you very much. So, I don't think we're expecting a dramatic snapback by any stretch of the imagination, but hopefully, in the second half, we'll see that inventory clear out and start to see improvements in Q3 and Q4. Forward-looking statements may contain words such as will be, will, expected, anticipate, continue, or similar expressions and include the assumptions that underlie such statements. I think around the edges, there are certain places like third-party routers that could potentially see that, but we're prepared for it. I think that definitely improves. In addition, managements incentive compensation will be determined in part using these non-GAAP measures because we believe non-GAAP measures better reflect our core operating performance. So, Tore, we are speaking of the cable side here. Steve Litchfield, Chief Financial Officer and Chief Corporate Strategy Officer, US toll free: 1-877-407-3109 Copyright 2023 Morningstar, Inc. All rights reserved. But any sort of market share shift change in design activity given the uncertainty in the market? In 2022, our fiber access revenue increased more than four times from 2021, and we are entering 2023 with strong design win momentum. If you have an ad-blocker enabled you may be blocked from proceeding. MaxLinear is headquartered in Carlsbad, California. mesurer votre utilisation de nos sites et applications. Yeah. Yeah. So you just follow them. And is there still a shortage going on there? MaxLinear, Inc. (NYSE: MXL), a leading provider of radio frequency (RF), analog and mixed-signal integrated circuits for the connected home, wired and wireless infrastructure, and industrial and multimarket applications, announced today that it has completed the acquisition of Intels Home Gateway Platform Division, announced on April 6, 2020, in an all cash, asset transaction valued at $150 million.
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