secwatch.observer — SEC 8-K summary
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Issuer:     MONOLITHIC POWER SYSTEMS INC (MPWR)
CIK:        0001280452
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001437749-23-021166
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280452/000143774923021166/0001437749-23-021166-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280452/000143774923021166/mpwr20230720_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-021166

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer