Will Weak Revenues Hurt Monolithic Power's (MPWR) Q1 Earnings?

Monolithic Power Systems, Inc. (MPWR) is set to report its first-quarter 2024 results on May 1, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 1.05%. It pulled off a trailing four-quarter earnings surprise of 0.52%, on average. The Kirkland, WA-based company is likely to report lower revenues year over year in the first quarter due to sluggish demand trends in the Consumer, Communications and Industrial verticals. However, strong momentum in the Enterpris ...