Monolithic Power's Q3 Earnings Beat Estimates, Revenues Rise Y/Y

Monolithic Power Systems, Inc. (MPWR) reported strong third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Kirkland, WA-based company witnessed revenue growth year over year, driven by solid demand trends in all verticals.MPWR’s Net IncomeNet income on a GAAP basis was $144.4 million or $2.95 per share compared with $121.2 million or $2.48 per share in the year-ago quarter. N ...