MPS Q1 revenue $457.9M, GAAP EPS $1.89, non-GAAP $2.81; Q2 guidance $480-500M

MONOLITHIC POWER SYSTEMS INC

2024-Q1 EPS reported $1.89 revenue$457,885,000

Revenue $457.9M, up 0.9% QoQ and 1.5% YoY; GAAP net income $92.5M vs $109.8M YoY.
Enterprise Data revenue $149.7M (+217% YoY); storage & computing $106.1M (-11.4%).
GAAP gross margin 55.1% vs 57.4% YoY; non-GAAP 55.7% vs 57.7%.
Q2 2024 guidance: revenue $480-500M, non-GAAP gross margin 55.4-56.0%.
Management cautious on H2 2024; stock-based comp $51.8M in Q1, up from $37.0M YoY.

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 the quarter ended March 31, 2024 results: revenue $457.9 million, net income GAAP net income was $92.5 million and $1.89 per diluted share, EPS $1.89 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $457.9 million
Net income: GAAP net income was $92.5 million and $1.89 per diluted share
EPS: $1.89 per diluted share
Result: reported results

Exact text from the filing

Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended March 31, 2024 . ● Revenue was $457.9 million for the quarter ended March 31, 2024 , a 0.9% increase from $454.0 million for the quarter ended December 31, 2023 and a 1.5% increase from $451.1 million for the quarter ended March 31, 2023 .

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Source: SEC EDGAR

accession 0001437749-24-014156

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