UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
| Nine Months Ended | |||||
| September 30, 2015 | September 30, 2014 | ||||
| GAAP gross profit as a % of revenue | 49.5 | % | 61.8 | % | |
| Stock-based compensation: | |||||
| Cost of net revenue | 0.1 | % | 0.1 | % | |
| Share-based bonus plan: | |||||
| Cost of net revenue | 0.1 | % | — | % | |
| Amortization of purchased intangibles: | |||||
| Cost of net revenue | 1.2 | % | — | % | |
| Impairment of production masks
| 0.1 | % | — | % | |
| Amortization of inventory step-up | 7.1 | % | — | % | |
| Non-GAAP gross profit as a % of revenue | 58.1 | % | 61.9 | % | |
| GAAP loss from operations as a % of revenue | (17.3 | )% | (4.3 | )% | |
| Stock-based compensation: | |||||
| Cost of net revenue | 0.1 | % | 0.1 | % | |
| Research and development | 4.4 | % | 7.1 | % | |
| Selling, general and administrative | 2.2 | % | 3.8 | % | |
| Share-based bonus plan: | |||||
| Cost of net revenue | 0.1 | % | — | % | |
| Research and development | 1.5 | % | 1.1 | % | |
| Selling, general and administrative | 0.8 | % | 1.0 | % | |
| Amortization of purchased intangible assets: | |||||
| Cost of net revenue | 1.2 | % | — | % | |
| Research and development | 0.2 | % | — | % | |
| Selling, general and administrative | 10.0 | % | — | % | |
| Impairment of production masks
| 0.1 | % | — | % | |
| Amortization of inventory step-up | 7.1 | % | — | % | |
| Acquisition and integration costs | 2.7 | % | — | % | |
| Restricted merger proceeds | 0.3 | % | — | % | |
| Change in fair value of contingent consideration | (0.1 | )% | — | % | |
| Severance charges | 0.6 | % | — | % | |
| Restructuring charges | 5.9 | % | — | % | |
| IP litigation costs, net | 0.6 | % | 1.9 | % | |
| Non-GAAP income from operations as a % of revenue | 20.4 | % | 10.7 | % | |
MaxLinear, Inc. Investor Relations Contact: Brian Nugent, CFA Finance and Investor Relations Manager Tel: 949-333-0237 MaxLinear, Inc. Corporate Contact: Adam Spice Chief Financial Officer Tel: 949-333-0092
