secwatch.observer — SEC 8-K summary
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Issuer:     MONOLITHIC POWER SYSTEMS INC (MPWR)
CIK:        0001280452
Form:       8-K
Filed at:   2023-10-30T23:59:59+00:00
Accession:  0001437749-23-029394
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280452/000143774923029394/0001437749-23-029394-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280452/000143774923029394/mpwr20231026_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-029394

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