Monolithic Power (MPWR) came out with quarterly earnings of $4.09 per share, beating the Zacks Consensus Estimate of $4.01 per share. This compares to earnings of $2.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2%. A quarter ago, it was expected that this chipmaker would post earnings of $3.96 per share when it actually produced earnings of $4.06, delivering a surprise of 2.53%.Over the last four quarters, the company ha ...

Financial Data and Key Metrics Changes - In 2024, Monolithic Power Systems (MPS) achieved full-year revenue of $2.2 billion, representing a 21% increase from 2023 [4] - For Q4 2024, MPS reported record quarterly revenue of $621.7 million, which is 37% higher than Q4 2023 and above Q3 2024 [4] Business Line Data and Key Metrics Changes - MPS introduced a silicon carbide inverter for high-powered clean energy applications, with initial revenue expected to ramp in late 2025 [5] - The company launched a battery management solution for enterprise notebooks, which is expected to enhance charge time and battery life significantly [6] - MPS is developing new high-accuracy 24-bit converters anticipated to ramp in the second half of 2025 [6] Market Data and Key Metrics Changes - The automotive sector continues to grow, with expectations for strong performance in Q1 2025, driven by new product launches and design wins [12] - The communications market is rebounding, particularly with new products launched in Q3 2024, contributing to growth in Q1 2025 [12] - Demand in the memory sector is also strong, while enterprise data is expected to decline in the near term [12][13] Company Strategy and Development Direction - MPS is transitioning from a chip-only semiconductor supplier to a full-service silicon-based solutions provider, focusing on innovation and market diversification [8] - The company plans to capture future growth opportunities by investing in new technology and expanding into new markets [7] - A quarterly dividend increase of 25% to $1.56 per share was announced, alongside a new $500 million share repurchase program [8] Management's Comments on Operating Environment and Future Outlook - Management anticipates a slower start in the first half of 2025, with growth expected to accelerate in the second half as new products are launched [16][17] - The enterprise data segment is expected to be flattish for the year, with growth anticipated in the latter half due to new product ramps [60] - Management remains cautiously optimistic about the overall market dynamics and the company's positioning within it [81] Other Important Information - MPS has returned 86% of its free cash flow to shareholders through share repurchases and dividends over the past three years [8] - The company is preparing for an Investor Day on March 20, 2025, to showcase its vision for innovation and long-term growth strategy [121] Q&A Session Summary Question: Dynamics in March by segment - Management noted that automotive and communications are expected to drive growth, while enterprise data may see a decline [12][13] Question: Enterprise data growth trajectory for 2025 - Management indicated that enterprise data could be flattish for the year, with growth expected in the second half as new products ramp up [16][60] Question: Number of accelerated projects expected to ramp - Management stated that they are engaged across all hyperscalers, but exact ramp timings are difficult to predict [25][26] Question: EV conversion and content per vehicle - Management highlighted that they are well-positioned to capture significant content in EVs with their 48-volt integrated solutions [32][34] Question: Market share dynamics in enterprise data - Management acknowledged that the lines between CPU and GPU markets are becoming blurred, making it challenging to provide precise commentary [44] Question: Notebook strength in Q1 - Management believes that recent design wins in notebooks are tied to new AI product demand, contributing to strength in Q1 [114] Question: Revenue diversification outside traditional markets - Management indicated that new markets such as silicon carbide and DSP audio could represent significant growth opportunities, but specific revenue projections were not provided [52][53]

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Western District of Washington on behalf of all persons or entities who purchased or otherwise acquired Monolithic Power Systems, Inc. (“Monolithic Power” or the “Company”) (NASDAQ: MPWR) securities between February 8, 2024 and November 8, 2024, inclusive (the “Class Period”). The Complaint alleges that Defendants made materially fa ...

KIRKLAND, Wash., Feb. 06, 2025 (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 and year ended December 31, 2024. MPS also announced that its Board of Directors has approved an increase in the quarterly cash dividend from $1.25 per share to $1.56 per share. The first quarter dividend of $1.56 per share will be paid on April 15, 2 ...

Exhibit 99.1 KIRKLAND, WASHINGTON, February 6, 2025-- 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 and year ended December 31, 2024. MPS also announced that its Board of Directors has approved an increase in the quarterly cash dividend from $1.25 per share to $1.56 per share. The first quarter dividend of $1.56 per share will be paid on April 1 ...

KIRKLAND, Wash., Feb. 06, 2025 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on February 6, 2025 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/96816578886. 2024 Financial Summary (Unaudited)GAAP                                                    2024  2023  YoY ChangeYoY Change (%)Revenue ($k)$2,207,100 $1,821,072  Up $ 386,028Up 21.2%Gross Margin 55.3% 56.1% Do ...

KIRKLAND, Wash., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a global company that provides high-performance, semiconductor-based power electronics solutions, today announced its Board of Directors has approved a new stock repurchase program that authorizes MPS to repurchase up to $500 million in the aggregate of its common stock, which will expire on February 4, 2028. Shares of common stock repurchased under the program will be retired. As of December 31, 2024, ...

KIRKLAND, Wash., Feb. 06, 2025 (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 and year ended December 31, 2024. MPS also announced that its Board of Directors has approved an increase in the quarterly cash dividend from $1.25 per share to $1.56 per share. The first quarter dividend of $1.56 per share will be paid on April 15, ...

NEW YORK, Feb. 06, 2025 (GLOBE NEWSWIRE) -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Monolithic Power Systems, Inc. (“Monolithic Power Systems” or “the Company”) (NASDAQ: MPWR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or ...

LOS ANGELES, Feb. 6, 2025 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Monolithic Power Systems, Inc. ("Monolithic Power" or "the Company") (NASDAQ: MPWR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.Investors who purchased the Company's securities between February 8, 2024 and November 8, 2024, inclusive ...