Key TakeawaysThe S&P 500 was essentially flat on Wednesday, Nov. 13, adding less than 0.1% as the latest inflation data matched expectations.Warner Bros. Discovery shares surged after Wolfe Research upgraded the stock, highlighting overseas strength for the Max streaming service and potential re-bundling opportunities.Shares of Monolithic Power Systems dropped, extending losses in the wake of a report saying its allocation in Nvidia's new AI chips could be in jeopardy. Major U.S. equities indexes were mixed ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-51026 Monolithic Power Systems, Inc. (Exact name of registrant as specified in its charter) Delaware 77-0466789 (State or other jurisdictio ...

Earnings beat expectations, but the outlook was too murky for investors in this high-priced stock.Shares of Monolithic Power Systems (MPWR -17.37%) plunged on Thursday, down 18.2% as of 1:39 p.m. ET.The company reported earnings last night, and while reported results showed strong growth beating expectations, Monolithic's fourth-quarter outlook may have disappointed. Furthermore, the company received an ominous downgrade today.A beat, but perhaps fleetingIn the third quarter, Monolithic reported revenue gro ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Monolithic Power Systems, Inc. (NASDAQ: MPWR ) stock is selling off the day after reporting third quarter of FY2024 results and outlook. This proves that the market is really treating MPWR like an AI name because the stock priceAnalyst’s Disclosure: I/we have no stock, option or similar deri ...

Monolithic Power Systems, Inc. (MPWR) reported strong third-quarter 2024 results, with both adjusted earnings and revenues surpassing the Zacks Consensus Estimate. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Kirkland, WA-based company witnessed revenue growth year over year, driven by solid demand trends in all verticals.MPWR’s Net IncomeNet income on a GAAP basis was $144.4 million or $2.95 per share compared with $121.2 million or $2.48 per share in the year-ago quarter. N ...

Financial Data and Key Metrics - Record quarterly revenue of $620.1 million, up 22% sequentially and 30% year-over-year [5] - Automotive revenue increased 28% sequentially, driven by infotainment, lighting, ADAS, and body controls [7] - Communication revenue surged 65% sequentially due to new product ramps in Wi-Fi, optical, networking, and router solutions [7] - Storage and Compute revenue grew 25% sequentially, supported by strong demand for DDR5, SSD memory, and notebooks [8] Business Line Performance - Automotive segment showed broad-based strength across all sub-segments, including infotainment and body controls, reflecting design wins turning into revenue [15] - Communication segment benefited from new product ramps, particularly in optical and Wi-Fi solutions, with sustainable growth expected through the first half of 2025 [23][24] - Enterprise data segment declined 1.5% sequentially, attributed to customer ordering patterns and potential second sourcing, but low-single-digit growth is expected in Q4 [11][21] Market Performance - China's automotive market, particularly in EV and ADAS, is booming, with significant growth in infotainment and other products [17] - The company is seeing growth across multiple regions, including Germany and the US, in addition to China [17] - The optical and Wi-Fi markets are expanding, with new product ramps contributing to revenue growth [23] Strategy and Industry Competition - The company is transitioning from a chip-only supplier to a full-service silicon-based solutions provider, focusing on innovation and supply chain diversification [8][9] - The company emphasizes diversity across markets and does not rely on any single segment, such as AI power supply, to drive growth [12] - The company is expanding into new areas like home automation and data converters, with long design cycles but significant growth potential [40][41] Management Commentary on Operating Environment and Future Outlook - The company expects continued growth in automotive and communication segments, driven by design wins and new product ramps [13][14] - The enterprise data segment is expected to grow in the long term, with new AI opportunities and TPU ramps contributing to future revenue [12][26] - The company is confident in its ability to maintain market leadership in AI power supply, despite potential competition and pricing pressures [45] Other Important Information - The company is expanding its global supply chain to ensure stability and adaptability to market changes [8] - Inventory levels are low, which could lead to potential shortages if demand continues to rise [58][59] Q&A Session Summary Question: Enterprise Data Segment Decline - The decline in enterprise data revenue was attributed to customer ordering patterns and potential second sourcing, but low-single-digit growth is expected in Q4 [11][21] Question: Automotive Segment Growth - The automotive segment's growth is broad-based, driven by design wins turning into revenue, with further ramps expected in the next few quarters [13][15] Question: Communication Segment Strength - The communication segment's strong performance is due to new product ramps in optical and Wi-Fi solutions, with sustainable growth expected through the first half of 2025 [23][24] Question: AI and Enterprise Data Outlook - The company expects new AI opportunities, including TPU ramps, to contribute to future growth in the enterprise data segment [12][26] Question: Inventory Levels - Inventory levels are low, which could lead to potential shortages if demand continues to rise [58][59] Question: Vertical Power and Future Growth - The company expects vertical power to contribute significantly to future growth, with shipments already underway [55]

Monolithic Power (MPWR) reported $620.12 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 30.6%. EPS of $4.06 for the same period compares to $3.08 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $600.1 million, representing a surprise of +3.34%. The company delivered an EPS surprise of +2.53%, with the consensus EPS estimate being $3.96. While investors closely watch year-over-year changes in headline numbers -- revenue and earn ...

Monolithic Power (MPWR) came out with quarterly earnings of $4.06 per share, beating the Zacks Consensus Estimate of $3.96 per share. This compares to earnings of $3.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.53%. A quarter ago, it was expected that this chipmaker would post earnings of $3.07 per share when it actually produced earnings of $3.17, delivering a surprise of 3.26%. Over the last four quarters, the compa ...

Exhibit 99.1 PRESS RELEASE For Immediate Release Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2024 KIRKLAND, WASHINGTON, October 30, 2024-- 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 September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: ● Revenue was $ ...

KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- 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 September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: Revenue was $620.1 million for the quarter ended September 30, 2024, a 22.2% increase from $507.4 million for the quarter ended June 30, 2024 an ...