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 ...

KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on October 30, 2024 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/99356457350. Q3 2024 Financial Summary (Unaudited) | --- | --- | --- | --- | --- | --- | |------------------|----------|----------|----------|------------|--------------| | | | | | | | | | | | | | | | GAAP | | | | | | | | ...

Monolithic Power Systems, Inc. (MPWR) is set to report its third-quarter 2024 results on Oct. 30, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 3.26%. It pulled off a trailing four-quarter earnings surprise of 2.57%, on average.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.This Kirkland, WA-based company is likely to report higher revenues year over year in the third quarter, driven by healthy momentum in several verticals. How ...

Wall Street analysts expect Monolithic Power (MPWR) to post quarterly earnings of $3.96 per share in its upcoming report, which indicates a year-over-year increase of 28.6%. Revenues are expected to be $600.1 million, up 26.4% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Pri ...

KIRKLAND, Wash., Oct. 15, 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 plans to report its financial results for the third quarter ended September 30, 2024. MPS will report its results after the market closes on Wednesday, October 30th. Along with the earnings announcement, MPS will provide written commentary on its results of operations for the third qua ...

Monolithic Power (MPWR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a ...

KIRKLAND, Wash., Sept. 13, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, announced today its third quarter dividend of $1.25 per common share to all stockholders of record as of the close of business on September 30, 2024. The dividend will be paid on October 15, 2024. Safe Harbor Statement This news release includes "forward-looking statements" intended to qualify for the safe harbor ...

Markets have yet to recover from the sudden dip they experienced at the start of the month, revealing how poor economic data can spook investors and impact stocks. The drop and rather slow recovery suggest investors remain cautious and may consider which stocks to sell now ahead of a potential trend resumption. The substantial rise in the stock market over the past year was led by a few large technology companies in artificial intelligence (AI). So, AI stocks that have increased fast in recent months may be ...

Monolithic Power Systems, Inc. (MPWR) , the leading provider of power management solutions, reported better-than-expected second-quarter results. Non-GAAP earnings of $3.17 per share surpassed the Zacks Consensus Estimate by 10 cents. The company recorded non-GAAP earnings of $2.82 in the year-ago quarter. Revenues surged 15% year over year to $507.4 million, surpassing the Zacks Consensus Estimate by $22 million. Solid demand for AI power solutions, growing orders in multiple end markets and revenues reali ...

Investment Rating - The report does not explicitly mention an investment rating for Monolithic Power Systems (MPWR) [1][2][3] Core Views - Monolithic Power Systems (MPWR) reported strong Q2 2024 results with revenue of $507 million, up 15% YoY and 10.8% QoQ, exceeding guidance and market expectations [1][4] - The growth was driven by increased demand for AI power solutions, improved order trends across multiple end markets, and contributions from design-wins secured in previous years [1][4] - Non-GAAP gross margin was 55.7%, flat QoQ but down 0.8pct YoY, while Non-GAAP net income reached $155 million, up 12.8% YoY and QoQ [1][4] - The company's transformation from a single-chip supplier to a comprehensive solutions provider is showing significant results [1][4] Revenue Breakdown by End Market - **Storage & Computing**: Revenue of $115 million, up 8.3% QoQ but down 7.7% YoY, driven by increased sales of storage solutions [6] - **Enterprise Data**: Revenue of $187 million, up 25.1% QoQ and 290% YoY, driven by AI server solutions [7] - **Automotive**: Revenue of $87 million, flat QoQ but down 16.5% YoY [9] - **Industrial**: Revenue of $32 million, up 7% QoQ but down 35% YoY, driven by security solutions [10] - **Communications**: Revenue of $44 million, down 6.6% QoQ and 11.6% YoY, due to declining network business [11] - **Consumer**: Revenue of $42 million, up 10.8% QoQ but down 35.3% YoY, driven by TV solutions [12] Inventory and Guidance - Inventory turnover days decreased to 171 days in Q2 2024, down 4 days QoQ and 30 days YoY, with inventory value at $427 million, up $31 million QoQ [5] - Q3 2024 revenue guidance is $590-610 million, up 18.3% QoQ and 26.3% YoY, with Non-GAAP gross margin expected to be 55.5%-56.1% [14] - Storage & Computing and Communications markets are expected to be key growth drivers in Q3, while Enterprise Data growth is expected to slow slightly [14] Transformation and Future Growth - The company is transitioning from a chip supplier to a comprehensive solutions provider, with solutions revenue nearing $200 million, accounting for 20-25% of total revenue [20] - The company is focusing on vertical power delivery, with significant growth in this area, now contributing around 20% of total revenue [21][25] - The company is also developing GaN and SiC technologies for data center power solutions, with products in the evaluation phase [26] Market Opportunities - The company sees significant opportunities in AI-related markets, as well as in storage, optics, and networking, driven by AI's broader impact [25] - The automotive market, particularly in ADAS and EVs, presents long-term growth opportunities, despite short-term uncertainties [19][28] - The industrial market, including applications like RVs and mobile robots, is expected to see emerging opportunities in the next four quarters [28][29]