MaxLinear (MXL) Guides Q4 & Q1 Revenue Above Street Estimates

MaxLinear Inc. (NYSE: MXL), today provided preliminary fourth quarter 2015 revenue results and first quarter 2016 revenue guidance.

MaxLinear currently anticipates revenue for the quarter ending December 31, 2015 to be approximately $99 million, compared to prior guidance of between $95 million and $100 million. MaxLinear also expects revenue in the first quarter of 2016 to be flat to up 5%, or $99 million to $104 million.

(Streets sees Q4 revenue of $97.3 million and Q1 revenue of $91.3 million)

Management Commentary

“As we witnessed relative strength across our business toward the end of the fourth quarter 2015, we are pleased to announce a revised preliminary revenue outlook that is at the higher end of our prior guidance range. More significantly, the stronger-than-anticipated demand environment has led to improved visibility into the first quarter 2016. We expect first quarter 2016 revenue to be roughly flat to modestly up relative to the fourth quarter 2015," said Kishore Seendripu, MaxLinear President and CEO. “We expect strength to come from increased demand for our market leading satellite and cable front-ends, Legacy Video SoCs used in cable HD-DTA deployments, and a continued ramp in our emerging high-speed optical interconnect products.”

These financial results are preliminary and subject to MaxLinear's customary quarterly closing and review procedures, including completion of the audit of MaxLinear’s fiscal 2015 financial statements. No conference call will be held in conjunction with this press release.

MaxLinear will be hosting one-on-one meetings from January 6 through January 8, 2016 at the Consumer Electronics Show in Las Vegas, and will be presenting at the Needham Growth Conference in New York City on Jan 13, 2016. The Needham presentation will be available live via webcast at http://investors.maxlinear.com, and replays will be available at our website for two weeks after the conference. MaxLinear's presentation is scheduled to begin at 3:30 p.m. (Eastern Time).

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