MPS(US:MPWR) Globenewswireยท2025-05-01 20:01Financial Performance - Monolithic Power Systems, Inc. (MPS) reported revenue of $637.6 million for Q1 2025, a 2.6% increase from $621.7 million in Q4 2024 and a 39.2% increase from $457.9 million in Q1 2024 [1][2] - GAAP gross margin was 55.4% for Q1 2025, compared to 55.1% for Q1 2024 [1] - Non-GAAP gross margin was 55.7% for Q1 2025, unchanged from Q1 2024 [1] - GAAP operating income was $168.8 million for Q1 2025, up from $95.5 million in Q1 2024 [1] - Non-GAAP operating income was $221.5 million for Q1 2025, compared to $151.6 million in Q1 2024 [1] - GAAP net income was $133.8 million, or $2.79 per diluted share, for Q1 2025, compared to $92.5 million, or $1.89 per diluted share, for Q1 2024 [1] Revenue by End Market - Revenue from Storage and Computing was $188.5 million in Q1 2025, up from $106.1 million in Q1 2024 [2] - Automotive revenue increased to $144.9 million in Q1 2025 from $87.1 million in Q1 2024 [2] - Enterprise Data revenue decreased to $132.9 million in Q1 2025 from $149.7 million in Q1 2024 [2] - Communications revenue rose to $71.7 million in Q1 2025 from $46.6 million in Q1 2024 [2] - Consumer revenue increased to $56.9 million in Q1 2025 from $38.1 million in Q1 2024 [2] - Industrial revenue grew to $42.6 million in Q1 2025 from $30.2 million in Q1 2024 [2] Business Outlook - MPS projects revenue for Q2 2025 to be in the range of $640.0 million to $660.0 million [4] - GAAP gross margin is expected to be between 54.9% and 55.5% for Q2 2025 [4] - Non-GAAP gross margin is projected to be between 55.2% and 55.8% for Q2 2025 [4] - GAAP operating expenses are anticipated to be between $189.0 million and $195.0 million for Q2 2025 [4] - Non-GAAP operating expenses are expected to be between $132.6 million and $136.6 million for Q2 2025 [4]