Kishore Seendripu on cash flow
From NYSE: MXL Stock | MaxLinear, Inc. Q1 2021 Earnings Call · · MarketCaster
“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.”
On , Kishore Seendripu, Co-Founder, Chairman, Chief Executive Officer & President at MAXLINEAR INC, spoke about cash flow 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.