KIRKLAND, Wash., April 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 first quarter ended March 31, 2024. MPS will report its results after the market closes on Wednesday, May 1st. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the first quarter ende ...

KIRKLAND, Wash., April 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 first quarter ended March 31, 2024. MPS will report its results after the market closes on Wednesday, May 1st. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the first quarter end ...

The latest trading session saw Monolithic Power (MPWR) ending at $682.15, denoting a +0.12% adjustment from its last day's close. This change lagged the S&P 500's 0.15% gain on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.32%.Shares of the chipmaker have depreciated by 5.26% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.32% and the S&P 500's gain of 1.65%.The investment community will be closely monitoring the perform ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-51026 Monolithic Power Systems, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0466789 (State or other jurisdiction of inco ...

Editor's note: Seeking Alpha is proud to welcome The Techie as a new contributor. It's easy to become a Seeking Alpha contributor and earn money for your best investment ideas. Active contributors also get free access to SA Premium. Click here to find out more » gremlin Investment Thesis Monolithic Power Systems (NASDAQ:MPWR) reported its fourth quarter of 2023 results and outlook this month. While revenue dropped 4% Y/Y this quarter due to the industry weakness and inventory correction cycle, MPS stock ...

Shares of Monolithic Power Systems (MPWR 16.11%), a specialist in manufacturing integrated circuits for controlling power systems, surged 17.2% through 10:55 a.m. ET Thursday morning, after the company beat expectations for fourth-quarter earnings last night.Heading into its Q4 report, analysts had forecast the semiconductor company would earn $2.85 per share on sales of $452 million. In fact, Monolithic earned $2.88 per share on sales of $454 million -- a small beat to be sure, but still a beat. Monolithic ...

Monolithic Power Systems, Inc. (MPWR) reported healthy fourth-quarter 2023 results, with the bottom and top lines beating the Zacks Consensus Estimate.Net IncomeOn a GAAP basis, net income fell to $96.9 million or $1.98 per share from $119.1 million or $2.45 per share in the prior-year quarter. The decline was primarily due to an increase in operating expenses.Non-GAAP net income was $140.9 million or $2.88 per share compared with $154 million or $3.17 per share in the year-ago quarter. The bottom line surp ...

Financial Data and Key Metrics Changes - Fourth quarter 2023 GAAP gross margin was 55.3%, down 20 basis points from the third quarter of 2023 and 290 basis points below the fourth quarter of 2022 [23] - Fourth quarter 2023 revenue was $454.0 million, down 4.4% from the third quarter of 2023 and down 1.3% from the fourth quarter of 2022 [28] - Full-year 2023 revenue reached a record $1.82 billion, marking the 12th consecutive year of revenue growth [31] Business Line Data and Key Metrics Changes - Fourth quarter 2023 revenue for enterprise data grew by 88.4% [28] - Automotive revenue for 2023 increased by 31.5% year-over-year to $394.7 million, representing 21.7% of total revenue [34] - Consumer revenue decreased by 26.6% year-over-year to $234.7 million, representing 12.9% of total revenue [39] Market Data and Key Metrics Changes - Communications revenue fell by 18.5% to $204.9 million due to lower 4G and 5G infrastructure sales [37] - Industrial revenue decreased by 21.2% to $172.7 million, reflecting lower sales in industrial automation applications [38] - Storage and computing revenue grew by 8.5% to $491.1 million, driven by increased sales of products for notebooks [36] Company Strategy and Development Direction - The company is expanding into a new $1 billion market with the acquisition of Axign B.V., focusing on programmable multi-core digital signal processors [31][32] - Continued investment in R&D and diversification of the operating footprint is emphasized to position the company for future growth [33][41] - The company aims to maintain a competitive edge by ensuring product quality and performance to outperform competitors [3] Management's Comments on Operating Environment and Future Outlook - Management noted that customer ordering patterns were oscillating due to economic uncertainty, but there was a nominal improvement in Q4 [40] - The company remains cautious about near-term business conditions but believes its long-term growth strategy is intact [45] - Future revenue guidance for Q1 2024 is projected between $437.0 million and $457.0 million, with gross margins expected to remain stable [54] Other Important Information - The company generated operating cash flow of approximately $153.3 million in Q4 2023 [30] - Total stock-based compensation expense for Q4 2023 was $41.1 million, up from $33.6 million in Q3 2023 [26] - The company continues to execute a share buyback program and announced a 25% increase in its quarterly dividend to $1.25 per share [56] Q&A Session Summary Question: Can you elaborate on the Axign acquisition and its market prospects? - The acquisition aims to enhance capabilities in audio signal processing and is expected to revolutionize audio experiences in various applications [100] Question: What are the expectations for the enterprise data segment in 2024? - The enterprise data segment is anticipated to continue growing, driven by demand for AI and traditional CPU data center solutions [80] Question: How does the company view competition in the automotive sector? - While there has been some softness in the automotive market, the company expects to see a ramp in demand, particularly in electric vehicles [94] Question: What is the outlook for the storage and computing business? - The company has become more competitive in the notebook segment, offsetting declines in SSD sales, and anticipates gradual improvement in the market [141] Question: How does the company plan to manage inventory levels? - The company is currently running below its long-term inventory targets and is focused on managing inventory carefully in response to market conditions [130]

For the quarter ended December 2023, Monolithic Power (MPWR) reported revenue of $454.01 million, down 1.3% over the same period last year. EPS came in at $2.88, compared to $3.17 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $452.13 million, representing a surprise of +0.42%. The company delivered an EPS surprise of +1.05%, with the consensus EPS estimate being $2.85.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Monolithic Power (MPWR) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $3.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.05%. A quarter ago, it was expected that this chipmaker would post earnings of $3.07 per share when it actually produced earnings of $3.08, delivering a surprise of 0.33%.Over the last four quarters, the company ...