Monolithic Power (MPWR) Q2 Earnings Beat on Higher Revenues

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 ...