Co-Founder, Chairman, Chief Executive Officer & President, Maxlinear
Search every verified Kishore Seendripu interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During MaxLinear's Q1 2021 earnings call, Kishore Seendripu reported record quarterly revenue of $209.4 million, up 8% sequentially, with non-GAAP gross margin of 58.6%. He stated that results were moderated by industry-wide semiconductor supply chain constraints, which he described as "across the board" and "more back-end constrained than front-end." Seendripu noted that the company had strong bookings driven by real, non-perishable demand and new product cycles, and expected connectivity business to recover in Q2 after supply constraints impacted Q1. Seendripu discussed progress on next-generation products, including a production-ready 8x8 massive MIMO cellular transceiver for 5G, for which he said the company was garnering design wins. He also mentioned progress toward mass production of a 400G PAM4 DSP in the second half of 2021 and plans to sample a new 5 nanometer 800G PAM4 product family in Q2. Seendripu expressed confidence in reaching 60% gross margins by year-end despite supply constraints, attributing this to product mix between infrastructure and non-infrastructure products. He reiterated the company's commitment to long-term investments in wireless infrastructure and optical markets.
“Our Q1 financial results highlight record quarterly revenue of 209.4 million dollars, up 8% sequentially, cash flow from operations of 40.3 million dollars, and non-GAAP gross margin of 58.6%. Our results and outlook are moderated by the industry-wide semiconductor manufacturing supply chain constraints, even as we are...”
“We remain consistent in our intentions around uses of cash with priorities on debt pay down and strategic acquisition. We also purchased 2.7 million of stock late in the quarter after the board approved the 100 million dollar buyback program.”
“Supply constraints are definitely across the board and all of our end markets across all of our products; some are worse than others. The MaxLinear case in particular is probably a little more back-end constrained than front-end constraint.”
“We have very strong bookings in place, and there are several factors that contribute to it, including supply constraints driving exceptional bookings and new product cycles ramping across connectivity and infrastructure. We do not believe our issues are related to overbooking of products; it is real demand that is most...”
“We expect revenue in the second quarter of 2021 to be approximately 200 million to 210 million, down 2% sequentially at the midpoint of the guidance range. Broadband revenue is expected to be down quarter over quarter due to semiconductor manufacturing supply chain tightness constraining shipments below actual market d...”
“We are confident that we will see the connectivity business pick back up in Q2 after being impacted by supply constraints in Q1. We are working very hard to make improvements on the supply chain situations.”
“We expect to hit 60% gross margins exiting the year despite price increases and supply constraints. Mix between infrastructure and non-infrastructure products will have an important contribution to gross margin.”
“We are making progress towards mass production ramp of our 400G PAM4 DSP in the second half of 2021, along with strong adoption of our 100G PAM4 offering by key customers. We are on track to sample our industry-leading new Keystone family of 5 nanometer CMOS 800G PAM core associate products in Q2.”
“We believe our end markets are demonstrating favorable growth profiles due to the proliferation of global networking and the incremental dependency on reliable and robust connectivity. Our infrastructure efforts in PAM4 and 5G continue to foreshadow meaningful growth coming in 2021 and beyond.”
“We are committed to the long haul in wireless infrastructure and optical side investments. Combining analog RF mixed signal capabilities with high-end CMOS technology, we believe we are uniquely positioned among players in this ecosystem.”
MaxLinear, Inc. First Quarter Fiscal year 2021 earnings call Catch the latest earnings call by subscribing to this channel. #NYSE ...
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