KIRKLAND, Wash., Jan. 16, 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 fourth quarter and year ended December 31, 2023. MPS will report its results after the market closes on Wednesday, February 7th and host its quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webinar, ...

KIRKLAND, Wash., Jan. 16, 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 fourth quarter and year ended December 31, 2023. MPS will report its results after the market closes on Wednesday, February 7th and host its quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webinar ...

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, 2023 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) (State or other jurisdiction of incorporation o ...

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q3 2023 Earnings Conference Call October 30, 2023 5:00 PM ET Corporate Participants Genevieve Cunningham - Senior Manager, Marketing Communications Michael Hsing - Chief Executive Officer and Founder Bernie Blegen - Vice President and Chief Financial Officer Conference Call Participants Quinn Bolton - Needham Tore Svanberg - Stifel Ross Seymore - Deutsche Bank Rick Schafer - Oppenheimer William Stein - Truist Matt Ramsay - Cowen Genevieve Cunningham Welcome every ...

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 June 30, 2023 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) (State or other jurisdiction of incorporation or org ...

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q2 2023 Earnings Conference Call July 31, 2023 5:00 PM ET Company Participants Genevieve Cunningham - Senior Manager, Marketing Communications Bernie Blegen - Vice President and Chief Financial Officer Michael Hsing - Chief Executive Officer and Founder Conference Call Participants Ross Seymore - Deutsche Bank Quinn Bolton - Needham Rick Schafer - Oppenheimer Jeremy Kwan - Stifel William Stein - Truist Matt Ramsay - Cowen Chris Caso - Wolfe Genevieve Cunningham W ...

Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Bernie Blegen - VP & CFO Michael Hsing - Founder, Chairman, President & CEO Conference Call Participants Tore Svanberg - Stifel, Nicolaus & Company Nathaniel Bolton - Needham & Company Matthew Ramsay - TD Cowen Richard Schafer - Oppenheimer Ross Seymore - Deutsche Bank William Stein - Truist Securities Operator Welcome, everyone, to the MPS' First Quarter 2023 Earnings Webinar. My name i ...

For the quarterly period ended March 31, 2023 OR 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 ☐ 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 jurisdiction of ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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) (State or other jurisdiction of incorporation or organiz ...

Financial Data and Key Metrics Changes - For the full year 2022, Monolithic Power Systems (MPS) achieved record revenue of $1.79 billion, growing 48.5% from the prior year despite industry-wide supply chain constraints [8] - Q4 2022 revenue was $460 million, down 7.1% from Q3 2022 but up 36.7% from Q4 2021 [26] - Q4 2022 non-GAAP net income was $154 million or $3.17 per fully diluted share, compared to $3.53 per share in Q3 2022 and $2.12 per share in Q4 2021 [22] - Q4 2022 GAAP gross margin was 58.2%, down 50 basis points from Q3 2022 but up 60 basis points from Q4 2021 [27] Business Line Data and Key Metrics Changes - Enterprise Data revenue grew 116.1% year-over-year to $251.4 million, primarily due to higher sales of power management solutions for cloud-based applications [14] - Storage and Computing revenue increased 76.8% to $452.6 million, driven by strong sales growth for storage applications and enterprise notebooks [15] - Automotive revenue rose 46.8% to $300 million, reflecting increased sales for automated driver assistance systems [24] - Industrial revenue grew 18.6% to $218.2 million, while Consumer revenue increased 13.2% to $319.5 million [16] Market Data and Key Metrics Changes - In Q4 2022, Automotive revenue grew 72.8%, Enterprise Data revenue increased 69.0%, and Storage and Computing revenue grew 55.0% year-over-year [18] - Consumer revenue decreased by 20.1% in Q4 2022 compared to the previous year [18] Company Strategy and Development Direction - MPS is diversifying its global footprint by expanding R&D centers and supply chain partnerships outside of China to better align with customer demand [12] - The company introduced a new product line of isolated power modules for applications exceeding 1 kilowatt, with initial revenue expected in 2024 [9] - MPS aims to leverage its advanced technologies and product quality to maintain a competitive edge in the market [8] Management's Comments on Operating Environment and Future Outlook - Management expressed caution regarding near-term business conditions due to elevated inventory levels but noted the ability to adapt to market changes [17] - For Q1 2023, MPS forecasts revenue in the range of $440 million to $460 million, with GAAP gross margin expected between 57.4% and 58.0% [35] Other Important Information - MPS announced a 33% increase in its quarterly dividend to $1 per share [38] - The company is focusing on business development and investing in infrastructure to support long-term growth [38] Q&A Session Summary Question: Outlook for computing storage business - Management noted that while there is weakness in notebooks, memory sales remain strong, and they expect notebooks to improve in early 2023, leading to a flat outlook for the first half of the year [42][44] Question: Update on power isolation module business - MPS is venturing into wide bandgap materials and expects to see results in the second half of the year [51] Question: Impact of sourcing outside China - Management clarified that MPS has significant manufacturing capacity outside of China and has not seen any revenue impact from customers wanting to source products outside of China [66] Question: Consumer business strategy - Management indicated that they are prepared to be more aggressive in the consumer market as opportunities arise, despite it being a smaller segment of revenue [68][70] Question: Inventory levels and revenue growth contributors - Management confirmed that channel inventories have stabilized and that revenue growth is driven by a mix of ASP increases and unit growth [79][81] Question: Concerns about 2022 growth sustainability - Management emphasized that their products are unique and programmable, which helps maintain market share despite potential headwinds [97] Question: Update on data converter business - Management acknowledged the high barriers to entry in the data converter market but expressed optimism about their competitive positioning [132]