MaxLinear, Inc. (NASDAQ:MXL) Q4 2022 Earnings Call Transcript

Kishore Seendripu: Great. On the fiber side, actually, we’ve done very well. But I also have to admit that the growth and victory have commented on the lower tier products, what I call non-gateway products. But my gosh, it’s grown so nicely, so fast. And it’s really heavily a North America concentration actually substantially. And the big victory is this Tier 1 operator in North America that the ramp has started. There are boxes in the field there and in tens of thousands. And you may not see as much of a spike right away in the quarterly revenues because they already took inventory and product earlier on. 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.

So, I think that’s what it plays out. I think the next one will be Europe for us. And when we talk of fiber, we always talk of the non-China market. India and all would come in line over time potentially, but they will tend to be lower tier products like the ones we are shipping today in North America in pretty good quantities.

Richard Shannon: Okay. Great. Thanks guys.

Steve Litchfield: Thanks Richard.

Operator: Thank you. And there are no further questions at this time. I’ll hand it over to Dr. Kishore Seendripu for closing remarks. Thank you.

End of Q&A:

Kishore Seendripu: Thank you very much. I just want to let everybody know that we’ll be participating at the flowing conferences this year in short order. The Susquehanna Twelfth Annual Technology Conference in New York; the 35th Annual ROTH Conference in Dana Point, California; the Loop Capital Markets 2022 Investor Conference on March 14; and the William Blair Seventh Annual Tech Innovators Conference in March 15. In my conclusion, I want to say that we’ve got a very nice momentum and a large technology portfolio that’s developed over the last two years. We are at scale where we can compete and customers find a strategic. At the same time, it’s a big celebratory milestone for us as a mixed signal associate company, having — being the first one company started up for 2,000 that has actually hit $1 billion in revenue point.

And so, I think it’s a great movement for us. Internally, we are very proud, and we are sharing for future success. Thank you very much and see you soon. Bye.

Operator: Thank you. That concludes today’s conference. All parties may disconnect. Have a great evening.