KIRKLAND, Wash., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its third quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on September 30, 2024. The dividend will be paid on October 15, 2024. Safe Harbor Statement This news release includes "forward-looking statements" intended to qualify for the safe harbor ...

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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 ...

Investment Rating - The report does not explicitly mention an investment rating for Monolithic Power Systems (MPWR) [1][2][3] Core Views - Monolithic Power Systems (MPWR) reported strong Q2 2024 results with revenue of $507 million, up 15% YoY and 10.8% QoQ, exceeding guidance and market expectations [1][4] - The growth was driven by increased demand for AI power solutions, improved order trends across multiple end markets, and contributions from design-wins secured in previous years [1][4] - Non-GAAP gross margin was 55.7%, flat QoQ but down 0.8pct YoY, while Non-GAAP net income reached $155 million, up 12.8% YoY and QoQ [1][4] - The company's transformation from a single-chip supplier to a comprehensive solutions provider is showing significant results [1][4] Revenue Breakdown by End Market - **Storage & Computing**: Revenue of $115 million, up 8.3% QoQ but down 7.7% YoY, driven by increased sales of storage solutions [6] - **Enterprise Data**: Revenue of $187 million, up 25.1% QoQ and 290% YoY, driven by AI server solutions [7] - **Automotive**: Revenue of $87 million, flat QoQ but down 16.5% YoY [9] - **Industrial**: Revenue of $32 million, up 7% QoQ but down 35% YoY, driven by security solutions [10] - **Communications**: Revenue of $44 million, down 6.6% QoQ and 11.6% YoY, due to declining network business [11] - **Consumer**: Revenue of $42 million, up 10.8% QoQ but down 35.3% YoY, driven by TV solutions [12] Inventory and Guidance - Inventory turnover days decreased to 171 days in Q2 2024, down 4 days QoQ and 30 days YoY, with inventory value at $427 million, up $31 million QoQ [5] - Q3 2024 revenue guidance is $590-610 million, up 18.3% QoQ and 26.3% YoY, with Non-GAAP gross margin expected to be 55.5%-56.1% [14] - Storage & Computing and Communications markets are expected to be key growth drivers in Q3, while Enterprise Data growth is expected to slow slightly [14] Transformation and Future Growth - The company is transitioning from a chip supplier to a comprehensive solutions provider, with solutions revenue nearing $200 million, accounting for 20-25% of total revenue [20] - The company is focusing on vertical power delivery, with significant growth in this area, now contributing around 20% of total revenue [21][25] - The company is also developing GaN and SiC technologies for data center power solutions, with products in the evaluation phase [26] Market Opportunities - The company sees significant opportunities in AI-related markets, as well as in storage, optics, and networking, driven by AI's broader impact [25] - The automotive market, particularly in ADAS and EVs, presents long-term growth opportunities, despite short-term uncertainties [19][28] - The industrial market, including applications like RVs and mobile robots, is expected to see emerging opportunities in the next four quarters [28][29]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 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 ...

Monolithic Power Systems, Inc. (MPWR) reported strong second-quarter 2024 results, wherein the top and bottom lines beat the respective Zacks Consensus Estimate. Despite declining trends in several verticals, the Kirkland, WA-based company witnessed modest revenue growth year over year, backed by solid momentum in the Enterprise Data vertical. Net Income Net income, on a GAAP basis, was $100.4 million or $2.05 per share compared with $99.5 million or $2.04 per share in the prior-year quarter. Non-GAAP net i ...

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Genevieve Cunningham - Senior Manager, Marketing Communications Michael Hsing - CEO and Founder Bernie Blegen - EVP and CFO Tony Balow - VP of Finance Conference Call Participants Matt Ramsay - Cowen Dustin Fowler - Oppenheimer William Stein - Truist Quinn Bolton - Needham Chris Caso - Wolfe Tore Svanberg - Stifel Genevieve Cunningham Welcome everyone to the MPS Second Quarter 2024 Ea ...

Monolithic Power (MPWR) reported $507.43 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 15%. EPS of $3.17 for the same period compares to $2.82 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $489.91 million, representing a surprise of +3.58%. The company delivered an EPS surprise of +3.26%, with the consensus EPS estimate being $3.07. While investors scrutinize revenue and earnings changes year-over-year and how they compare with W ...

Monolithic Power (MPWR) came out with quarterly earnings of $3.17 per share, beating the Zacks Consensus Estimate of $3.07 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.26%. A quarter ago, it was expected that this chipmaker would post earnings of $2.66 per share when it actually produced earnings of $2.81, delivering a surprise of 5.64%. Over the last four quarters, the compa ...

KIRKLAND, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on August 1, 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/97644523160. Q2 2024 Financial Summary (Unaudited) | --- | --- | --- | --- | --- | --- | --- | |------------------|---------------------|---------------------|-------|---------------------|---------------------|------------ ...