earnings
confidence high
sentiment positive
materiality 0.78
Monolithic Power Systems Q2 revenue $293.3M (+57.5% YoY); non-GAAP EPS $1.81; guides Q3 revenue $309-321M
MONOLITHIC POWER SYSTEMS INC
2021-Q2 EPS reported
$2.11
revenue$547,772,000
- GAAP net income $55.2M ($1.16 diluted EPS) vs $30.2M ($0.64) in Q2 2020; non-GAAP net income $86.5M ($1.81) vs $50.6M ($1.08).
- Revenue by end market: Computing & Storage $87.7M, Automotive $48.7M (+174% YoY), Industrial $43.3M, Consumer $76.1M.
- Q3 2021 revenue guidance $309-321M; GAAP gross margin 57.3-57.9% including $4M litigation settlement benefit.
- Non-GAAP gross margin excluding one-time benefit expected 56.3-56.9%; stock-based comp expense $31.2-33.2M.
- CEO Michael Hsing cited planned capacity expansion and more parts in production as growth drivers.