Kishore Seendripu on financial results
From NYSE: MXL Stock | MaxLinear, Inc. Q1 2021 Earnings Call · · MarketCaster
“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 proactively developing strategies to minimize the impact for our customers.”
On , Kishore Seendripu, Co-Founder, Chairman, Chief Executive Officer & President at MAXLINEAR INC, spoke about financial results during NYSE: MXL Stock | MaxLinear, Inc. Q1 2021 Earnings Call on MarketCaster.
About Kishore Seendripu
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.