MPS(US:MPWR) Globenewswire·2025-07-31 20:01Core Insights - MPS reported record quarterly revenue of $664.6 million for Q2 2025, reflecting a 4.2% increase from Q1 2025 and a 31.0% increase year-over-year from Q2 2024 [8][11] - The company continues to focus on innovation and diversifying its market strategy to capture future growth opportunities [9][10] Financial Performance - Q2 2025 GAAP revenue was $664,574, with a gross margin of 55.1%, down 0.3 percentage points from Q1 2025 [3][17] - Non-GAAP revenue for Q2 2025 was also $664,574, with a non-GAAP gross margin of 55.5%, down 0.2 percentage points from Q1 2025 [5][17] - Operating expenses increased to $201,258 in Q2 2025, up 9.1% from Q1 2025 [3][19] - Net income for Q2 2025 was $133,726, flat compared to Q1 2025, but up 33.2% year-over-year [3][21] Revenue by End Market - Storage & Computing revenue reached $195.3 million, up 70.0% year-over-year [7][14] - Automotive revenue was $145.1 million, reflecting a 66.4% increase year-over-year [7][16] - Enterprise Data revenue was $144.0 million, down 23.1% year-over-year [7][13] - Communications revenue increased to $73.8 million, up 69.3% year-over-year [7][15] - Consumer revenue was $59.7 million, up 41.5% year-over-year [7][13] - Industrial revenue reached $46.7 million, up 44.6% year-over-year [7][12] Cash Flow and Balance Sheet - Cash, cash equivalents, and short-term investments totaled $1,146.1 million at the end of Q2 2025, up from $1,026.7 million at the end of Q1 2025 [23][27] - Operating cash flow for Q2 2025 was $237.6 million, compared to $256.4 million in Q1 2025 [23][27] - Accounts receivable decreased to $194.8 million, with days of sales outstanding improving to 27 days [24][27] Q3 2025 Business Outlook - MPS forecasts Q3 2025 revenue in the range of $710 million to $730 million [30] - Expected GAAP gross margin is projected between 54.9% and 55.5% [30] - Non-GAAP gross margin is anticipated to be between 55.2% and 55.8% [30]