Financial Data and Key Metrics - Record quarterly revenue of $620.1 million, up 22% sequentially and 30% year-over-year [5] - Automotive revenue increased 28% sequentially, driven by infotainment, lighting, ADAS, and body controls [7] - Communication revenue surged 65% sequentially due to new product ramps in Wi-Fi, optical, networking, and router solutions [7] - Storage and Compute revenue grew 25% sequentially, supported by strong demand for DDR5, SSD memory, and notebooks [8] Business Line Performance - Automotive segment showed broad-based strength across all sub-segments, including infotainment and body controls, reflecting design wins turning into revenue [15] - Communication segment benefited from new product ramps, particularly in optical and Wi-Fi solutions, with sustainable growth expected through the first half of 2025 [23][24] - Enterprise data segment declined 1.5% sequentially, attributed to customer ordering patterns and potential second sourcing, but low-single-digit growth is expected in Q4 [11][21] Market Performance - China's automotive market, particularly in EV and ADAS, is booming, with significant growth in infotainment and other products [17] - The company is seeing growth across multiple regions, including Germany and the US, in addition to China [17] - The optical and Wi-Fi markets are expanding, with new product ramps contributing to revenue growth [23] Strategy and Industry Competition - The company is transitioning from a chip-only supplier to a full-service silicon-based solutions provider, focusing on innovation and supply chain diversification [8][9] - The company emphasizes diversity across markets and does not rely on any single segment, such as AI power supply, to drive growth [12] - The company is expanding into new areas like home automation and data converters, with long design cycles but significant growth potential [40][41] Management Commentary on Operating Environment and Future Outlook - The company expects continued growth in automotive and communication segments, driven by design wins and new product ramps [13][14] - The enterprise data segment is expected to grow in the long term, with new AI opportunities and TPU ramps contributing to future revenue [12][26] - The company is confident in its ability to maintain market leadership in AI power supply, despite potential competition and pricing pressures [45] Other Important Information - The company is expanding its global supply chain to ensure stability and adaptability to market changes [8] - Inventory levels are low, which could lead to potential shortages if demand continues to rise [58][59] Q&A Session Summary Question: Enterprise Data Segment Decline - The decline in enterprise data revenue was attributed to customer ordering patterns and potential second sourcing, but low-single-digit growth is expected in Q4 [11][21] Question: Automotive Segment Growth - The automotive segment's growth is broad-based, driven by design wins turning into revenue, with further ramps expected in the next few quarters [13][15] Question: Communication Segment Strength - The communication segment's strong performance is due to new product ramps in optical and Wi-Fi solutions, with sustainable growth expected through the first half of 2025 [23][24] Question: AI and Enterprise Data Outlook - The company expects new AI opportunities, including TPU ramps, to contribute to future growth in the enterprise data segment [12][26] Question: Inventory Levels - Inventory levels are low, which could lead to potential shortages if demand continues to rise [58][59] Question: Vertical Power and Future Growth - The company expects vertical power to contribute significantly to future growth, with shipments already underway [55]

Monolithic Power (MPWR) came out with quarterly earnings of $4.06 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $3.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.53%. A quarter ago, it was expected that this chipmaker would post earnings of $3.07 per share when it actually produced earnings of $3.17, delivering a surprise of 3.26%. Over the last four quarters, the compa ...

KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. ("MPS") (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: Revenue was $620.1 million for the quarter ended September 30, 2024, a 22.2% increase from $507.4 million for the quarter ended June 30, 2024 an ...

KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on October 30, 2024 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/99356457350. Q3 2024 Financial Summary (Unaudited) | --- | --- | --- | --- | --- | --- | |------------------|----------|----------|----------|------------|--------------| | | | | | | | | | | | | | | | GAAP | | | | | | | | ...

Monolithic Power Systems, Inc. (MPWR) is set to report its third-quarter 2024 results on Oct. 30, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 3.26%. It pulled off a trailing four-quarter earnings surprise of 2.57%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.This Kirkland, WA-based company is likely to report higher revenues year over year in the third quarter, driven by healthy momentum in several verticals. How ...

Wall Street analysts expect Monolithic Power (MPWR) to post quarterly earnings of $3.96 per share in its upcoming report, which indicates a year-over-year increase of 28.6%. Revenues are expected to be $600.1 million, up 26.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...

KIRKLAND, Wash., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the third quarter ended September 30, 2024. MPS will report its results after the market closes on Wednesday, October 30th. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the third qua ...

Monolithic Power (MPWR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...

Markets have yet to recover from the sudden dip they experienced at the start of the month, revealing how poor economic data can spook investors and impact stocks. The drop and rather slow recovery suggest investors remain cautious and may consider which stocks to sell now ahead of a potential trend resumption. The substantial rise in the stock market over the past year was led by a few large technology companies in artificial intelligence (AI). So, AI stocks that have increased fast in recent months may be ...

Monolithic Power Systems, Inc. (MPWR) , the leading provider of power management solutions, reported better-than-expected second-quarter results. Non-GAAP earnings of $3.17 per share surpassed the Zacks Consensus Estimate by 10 cents. The company recorded non-GAAP earnings of $2.82 in the year-ago quarter. Revenues surged 15% year over year to $507.4 million, surpassing the Zacks Consensus Estimate by $22 million. Solid demand for AI power solutions, growing orders in multiple end markets and revenues reali ...