MaxLinear, Inc. (NASDAQ:MXL) Q4 2023 Earnings Call Transcript

Richard Shannon: Okay. Fair enough. A follow-up on the topic of DSP here in context and I think it’s been asked by a couple of people here earlier today about the goal of getting to a 20% share in this business over time. As you’ve gone through the qualifications and I think you’ve mentioned some still ongoing here for ramping later this year or next year. Are we on that track Kishore, your kind of your expectation of getting to that 20% share goal within a few years, feeling pretty good about that because that still think some things to go, maybe just kind of comment on how well that’s coming into play.

Kishore Seendripu: Well, yes. I mean we said, for the first time initial early stage revenues have begun now. And then we said there are new ramps in the second half. Those are the ones, pending the calls happening. If both were to play-out, then the numbers work-out and those ramps alone should get you into the ballpark in the three year window we talked about. So and — so getting to the 20% has got some noise around it in terms of sometimes it really is the end customer ramp slower rather than whether we get that share or not is our expectations. So if we hit our — this year’s numbers in the vicinity of the numbers that I spoke about I think that’s the reality that’s going to play out.

Richard Shannon: Okay. Fair enough. That’s all for me guys. Thank you.

Steven Litchfield: Great. Thanks, Richard.

Operator: Thank you. There are no further questions at this time. I’d like to hand the floor back over to Kishore Seendripu for any closing comments.

Kishore Seendripu: So, thank you. In closing I would like to say, we’re excited about our market position and new product cycle growth drivers that beginning to happen in 2024 and we expect those launches to continue into 2025. The product innovation that will drive our success in optical Wi-Fi fiber broadband access gateways, Ethernet, wireless infrastructure they’re all in the market today and are being fueled by our customer traction and design-win momentum. As always, we will continue to focus strongly on our operational efficiency fiscal discipline and creating shareholder value, as we position ourselves for an exciting future, as these products really reach their full potential in the marketplace. With that I would like to open the call to questions.

Sorry. With that, this quarter we’ll be participating in the Susquehanna Technology Conference in New York on 29th February, the JMP Technology Conference in San Francisco on March 4th, the Loop Capital Conference in New York on March 12th, the ROTH Capital Growth Conference in Dana Point on March 18th. Thank you all for joining us today and look forward to speaking with you again soon.

Operator: This concludes today’s conference. You may disconnect your lines at this time. Thank you for your participation.