MaxLinear Files 2024 10-K Annual Report

TL;DR

MaxLinear dropped its 2024 10-K. Full year financials are in. Check it out.

AI Summary

MaxLinear, Inc. filed its 2024 10-K on January 29, 2025, reporting on its fiscal year ending December 31, 2024. The company, operating in the semiconductors and related devices sector, is headquartered in Carlsbad, CA. Key financial data and business activities for the fiscal year are detailed within this comprehensive annual report.

Why It Matters

This filing provides investors and analysts with a detailed overview of MaxLinear's financial performance, strategic initiatives, and risk factors for the fiscal year 2024, crucial for understanding the company's current standing and future outlook.

Risk Assessment

Risk Level: medium — The filing of a 10-K is a routine event for public companies, but the specific financial details and disclosures within can reveal significant risks or opportunities.

Key Numbers

• 2024 — Fiscal Year (Reporting period for the 10-K)
• 2023 — Previous Fiscal Year (For comparative financial analysis)
• 2022 — Prior Fiscal Year (For trend analysis)

Key Players & Entities

• MAXLINEAR, INC (company) — Filer
• 2024-12-31 (date) — Fiscal Year End
• 2025-01-29 (date) — Filing Date
• Carlsbad, CA (location) — Company Headquarters
• Dr. Theodore Tewksbury (person) — Member

FAQ

Key Financial Figures

• $0.0001 — value of the registrant's common stock, $0.0001 par value per share, held by non-affili
• $0 — 3,566 shares of common stock, par value $0.0001, outstanding. ___________________

Filing Documents

• mxl-20241231.htm (10-K) — 2473KB
• a12312024ex1027-wtorgerson.htm (EX-10.27) — 64KB
• a12312024ex191-insidertrad.htm (EX-19.1) — 120KB
• a12312024exhibit211.htm (EX-21.1) — 3KB
• a12312024exhibit231.htm (EX-23.1) — 3KB
• a12312024exhibit311.htm (EX-31.1) — 11KB
• a12312024exhibit312.htm (EX-31.2) — 11KB
• a12312024exhibit321.htm (EX-32.1) — 10KB
• mxl-20241231_g1.jpg (GRAPHIC) — 140KB
• 0001288469-25-000008.txt ( ) — 13534KB
• mxl-20241231.xsd (EX-101.SCH) — 77KB
• mxl-20241231_cal.xml (EX-101.CAL) — 146KB
• mxl-20241231_def.xml (EX-101.DEF) — 356KB
• mxl-20241231_lab.xml (EX-101.LAB) — 1030KB
• mxl-20241231_pre.xml (EX-101.PRE) — 737KB
• mxl-20241231_htm.xml (XML) — 2042KB

Risk Factors

Item 1A. Risk Factors 17

Unresolved Staff Comments

Item 1B. Unresolved Staff Comments 53

Cybersecurity

Item 1C. Cybersecurity 53

Properties

Item 2. Properties 55

Legal Proceedings

Item 3. Legal Proceedings 56

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 58 Part II

Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 59

[Reserved]

Item 6. [Reserved] 60

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 60

Quantitative and Qualitative Disclosures About Market Risk

Item 7A. Quantitative and Qualitative Disclosures About Market Risk 72

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data 72

Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 72

Controls and Procedures

Item 9A. Controls and Procedures 72

Other Information

Item 9B. Other Information 74

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 75 Part III

Directors, Executive Officers and Corporate Governance

Item 10. Directors, Executive Officers and Corporate Governance 76

Executive Compensation

Item 11. Executive Compensation 76

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 76

Certain Relationships and Related Transactions, and Director Independence

Item 13. Certain Relationships and Related Transactions, and Director Independence 76

Principal Accountant Fees and Services

Item 14. Principal Accountant Fees and Services 76 Part IV

Exhibits and Financial Statement Schedules

Item 15. Exhibits and Financial Statement Schedules 77 2 Table of Contents MAXLINEAR, INC. PART I

Forward-Looking Statements

Forward-Looking Statements The information in this Annual Report on Form 10-K for the fiscal year ended December 31, 2024, or this Form 10-K, contains forward-looking statements and information within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which are subject to the "safe harbor" created by those sections and involve substantial risks and uncertainties. These forward-looking statements include, but are not limited to, statements concerning our strategy, future operations, future financial position, future revenues, projected costs, prospects and plans and objectives of management. The words "anticipates," "believes," "estimates," "expects," "intends," "may," "plans," "projects," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Moreover, we operate in a very competitive and rapidly changing environment, and new risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, we may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in the forward-looking statements that we make. These forward-looking statements include, but are not limited to, statements concerning the following:

BUSINESS

ITEM 1. BUSINESS Corporate Information We incorporated in the State of Delaware in September 2003. Our executive offices are located at 5966 La Place Court, Suite 100, Carlsbad, California 92008, and our telephone number is (760) 692-0711. In this Form 10-K, unless the context otherwise requires, the "Company," "we," "us" and "our" refer to MaxLinear, Inc. and its directly and indirectly wholly-owned 4 Table of Contents subsidiaries. Our website address is www.maxlinear.com. The contents of our website are not incorporated by reference into this Form 10-K. We provide free of charge through a link on our website access to our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as amendments to those reports, as soon as reasonably practical after the reports are electronically filed with, or furnished to, the Securities and Exchange Commission, or SEC. Refer to Intellectual Property Rights section below for a list of our trademarks and trade names. All other trademarks and trade names appearing in this Form 10-K are the property of their respective owners. Overview We are a provider of communications systems-on-chip, or SoCs, used in broadband, mobile and wireline infrastructure, data center, and industrial and multi-market applications. We are a fabless 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 and networking layers, and power management. Our ability to design analog and mixed-signal circuits in CMOS allows us to efficiently combine analog functionality and complex digital signal processing logic in the same integrated circuit. As a result, we believe our solutions have exceptional levels of functional integration and performance, low manufacturing cost, and reduced power consumption versus co

View Full Filing

View this 10-K filing on SEC EDGAR