secwatch.observer — SEC 8-K summary
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Issuer:     MONOLITHIC POWER SYSTEMS INC (MPWR)
CIK:        0001280452
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001437749-24-014156
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280452/000143774924014156/0001437749-24-014156-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280452/000143774924014156/mpwr20240311_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-014156

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