MaxLinear Inc 2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Quarterly Period EndedMarch31, 2025OR☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the Transition Period FromtoCommission file number:001-34666 MaxLinear, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and(2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filer☑Acceleratedfiler☐Non-accelerated filer☐Smallerreportingcompany☐ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑As of April16, 2025, the registrant had86,373,820shares of common stock, par value $0.0001, outstanding. MAXLINEAR, INC.QUARTERLY REPORT ON FORM 10-Q TABLE OF CONTENTS Part IFINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)Consolidated Balance Sheets as of March 31, 2025 and December 31, 2024Consolidated Statements of Operations for the Three Months Ended March 31, 2025 and 2024Consolidated Statements of Comprehensive Loss for the Three Months Ended March 31, 2025 and 2024Consolidated Statements of Stockholders’ Equity for the Fiscal Quarters Ended March 31, 2025 and 2024Consolidated Statements of Cash Flows for the Three Months Ended March 31, 2025 and 2024Notes to Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and ProceduresPart IIOTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSignatures MAXLINEAR, INC.CONSOLIDATED BALANCE SHEETS(in thousands, except par value amounts) MAXLINEAR, INC.CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(unaudited; in thousands) Three Months Ended March 31, Net loss See accompanying notes. MAXLINEAR, INC.CONSOLIDATED STATEMENTS OF CASH FLOWS(unaudited; in thousands) Operating Activities MAXLINEAR, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(unaudited) 1.Organization and Summary of Significant Accounting Policies Description of Business MaxLinear, Inc. was incorporated in Delaware in September 2003. MaxLinear, Inc., together with its directly and indirectly wholly-owned subsidiaries, collectively referred to as MaxLinear, or the Company, is a provider of communications systems-on-chips, or SoCs,solutions used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. MaxLinear is afabless integrated circuit design company whose products integrate all or substantial portions of a high-speed communication system,including radio frequency, or RF, high-performance analog, mixed-signal, digital signal processing, security engines, data compression andnetworking layers, and power management. MaxLinear’s customers primarily include electronics distributors, module makers, originalequipment manufacturers, or OEMs, and original design manufacturers, or ODMs, which incorporate the Company’s products in a widerange of electronic devices. Examples of such devices include broadband modems compliant with Data Over Cable Service InterfaceSpecifications, or DOCSIS, Passive Optical Network, or PON, and DSL; Wi-Fi and wireline routers for home networking; radio transceiversand modems for 4G/5G base-station and backhaul infrastructure; optical transceivers targeting hyperscale data centers; as well as powermanagement and interface products used in these and many other markets. Basis of Presentation and Principles of Consolidation The accompanying unaudit