MPS Q3 GAAP EPS $2.48, non-GAAP $3.08; revenue $474.9M, down 4% YoY; new $640M buyback

MONOLITHIC POWER SYSTEMS INC

2023-Q3 EPS reported $6.78 revenue$1,367,060,000

Revenue $474.9M, up 7.6% QoQ, down 4.1% YoY; GAAP net income $121.2M ($2.48 diluted EPS).
Non-GAAP net income $150.3M ($3.08 diluted EPS) vs $170.7M ($3.53) YoY; GAAP gross margin 55.5% down from 58.7%.
Q4 guidance: revenue $442M-$462M, GAAP gross margin 55.2%-55.8%, stock-based comp ~$33M.
Board authorized $640M stock repurchase program expiring Oct 29, 2026; shares retired.
Revenue by end market: Storage/Computing $129.5M, Auto $95.2M, Consumer $62.4M.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MONOLITHIC POWER SYSTEMS INC reported the nine months ended September 30, 2023 results: revenue $1,367.1 million.

Period: the nine months ended September 30, 2023
Revenue: $1,367.1 million
Result: reported results

Exact text from the filing

deferred compensation plan expense and $3.2 million for related tax effects. The financial results for the nine months ended September 30, 2023 were as follows: ● Revenue was $1,367.1 million for the nine months ended September 30, 2023, a 2.5% increase from $1,334.1 million for the nine months ended September 30, 2022. ● GAAP gross margin was 56.3% for the nine

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MONOLITHIC POWER SYSTEMS INC reported the quarter ended September 30, 2023 results: revenue $474.9 million, net income $121.2 million and $2.48 per diluted share, EPS $2.48 per diluted share.

Period: the quarter ended September 30, 2023
Revenue: $474.9 million
Net income: $121.2 million and $2.48 per diluted share
EPS: $2.48 per diluted share
Result: reported results

Exact text from the filing

financial results for the quarter and nine months ended September 30, 2023. The financial results for the quarter ended September 30, 2023 were as follows: ● Revenue was $474.9 million for the quarter ended September 30, 2023, a 7.6% increase from $441.1 million for the quarter ended June 30, 2023 and a 4.1% decrease from $495.4 million for the quarter ended

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Source: SEC EDGAR

accession 0001437749-23-029394

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