earnings
confidence high
sentiment positive
materiality 0.80
MPS reports FY2024 revenue up 21.2% YoY; raises dividend; authorizes $500M buyback
MONOLITHIC POWER SYSTEMS INC
2024-FY EPS reported
$36.59
revenue$2,207,100,000
- FY2024 revenue $2.21B (+21.2% YoY); Q4 revenue $621.7M (record, +36.9% YoY).
- Non-GAAP diluted EPS $14.12 (FY2024) vs $11.78; Q4 non-GAAP EPS $4.09 vs $2.88.
- GAAP net income $1.8B includes $1.3B one-time foreign tax benefit; operating income $539.4M.
- Quarterly dividend raised 24.8% to $1.56/share from $1.25; payable April 15, 2025.
- Board approved new $500M stock repurchase program expiring February 4, 2028.