Monolithic Power Systems Q2 revenue falls 4.3% YoY to $441M; Non-GAAP EPS $2.82 vs $3.25

MONOLITHIC POWER SYSTEMS INC

2023-Q2 EPS reported $4.30 revenue$892,193,000

Revenue $441.1M, down 4.3% YoY and 2.2% sequentially; GAAP gross margin 56.1% vs 58.8% last year.
GAAP EPS $2.04, down from $2.37; Non-GAAP EPS $2.82, down from $3.25.
Automotive revenue surged 71% YoY to $104.4M, partially offsetting declines in Enterprise Data and Consumer.
Q3 revenue guidance $464M-$484M midpoint $474M, implying sequential growth of ~7.5%.
GAAP operating income $112.3M vs $141.9M; non-GAAP operating income $153.1M vs $179.4M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MONOLITHIC POWER SYSTEMS INC reported financial results for Q2 2023.

Period: Q2 2023
Result: reported results

Exact text from the filing

Revenue was $441.1 million for the quarter ended June 30, 2023, a 2.2% decrease from $451.1 million for the quarter ended March 31, 2023 and a 4.3% decrease from $461.0 million for the quarter ended June 30, 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MONOLITHIC POWER SYSTEMS INC reported financial results for Q2 2023.

Period: Q2 2023
Result: reported results

Exact text from the filing

GAAP net income was $99.5 million and $2.04 per diluted share for the quarter ended June 30, 2023. Comparatively, GAAP net income was $114.7 million and $2.37 per diluted share for the quarter ended June 30, 2022.

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Source: SEC EDGAR

accession 0001437749-23-021166

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