Financial Performance - Revenue for the year ended December 31, 2024, was $2.2 billion, an increase of $386.0 million, or 21.2%, from $1.8 billion in 2023[226]. - Gross profit for 2024 was $1.2 billion, representing a gross margin of 55.3%, compared to $1.0 billion and 56.1% in 2023[225]. - Operating income for 2024 was $539.4 million, or 24.4% of revenue, down from $481.7 million, or 26.5% in 2023[225]. - Net income for 2024 was $1.8 billion, or 81.0% of revenue, significantly up from $427.4 million, or 23.5% in 2023[225]. - Revenue for the year ended December 31, 2024, reached $2,207.1 million, a 21.2% increase from $1,821.1 million in 2023[298]. - Gross profit for 2024 was $1,220.9 million, up from $1,021.1 million in 2023, reflecting a gross margin improvement[298]. - Operating income increased to $539.4 million in 2024, compared to $481.7 million in 2023, representing an increase of 11.9%[298]. - Net income surged to $1,786.7 million in 2024, a significant increase from $427.4 million in 2023, marking a growth of 318.5%[301]. - Basic net income per share for 2024 was $36.76, compared to $8.98 in 2023, indicating a substantial increase of 309.5%[298]. - The company reported a comprehensive income of $1,765.3 million for 2024, up from $423.4 million in 2023, an increase of 317.5%[301]. Revenue Breakdown - Revenue from the enterprise data market increased by $393.3 million, or 121.8%, primarily due to higher sales of power management solutions for AI applications[228]. - Revenue from the automotive market increased by $19.3 million, or 4.9%, driven by increased sales of applications supporting advanced driver assistance systems[228]. - Revenue from the consumer market decreased by $32.6 million, or 13.9%, due to broad market weakness[228]. Expenses - Cost of revenue for 2024 was $986.2 million, or 44.7% of revenue, compared to $800.0 million, or 43.9% in 2023[230]. - Research and development expenses for 2024 were $324.7 million, or 14.7% of revenue, up from $263.6 million, or 14.5% in 2023[225]. - Selling, general and administrative expenses for 2024 were $356.8 million, or 16.2% of revenue, compared to $275.7 million, or 15.1% in 2023[225]. - Total operating expenses for 2024 were $681.5 million, up from $539.4 million in 2023, representing a 26.3% increase[298]. Cash Flow and Liquidity - Cash and cash equivalents totaled $691.8 million as of December 31, 2024, compared to $527.8 million in 2023, with total cash, cash equivalents, and short-term investments at $862.9 million[244]. - Net cash provided by operating activities was $788.4 million for the year ended December 31, 2024, an increase of $150.2 million compared to the prior period, attributed to improved accounts receivable collections[246]. - The company repatriated $642 million of cash from a foreign subsidiary to the U.S. in 2024, compared to $140 million in 2023, with proceeds primarily used for stock repurchase and dividend programs[244]. - Cash flows from operating activities amounted to $788.4 million in 2024, compared to $638.2 million in 2023, reflecting a growth of 23.5%[306]. Assets and Liabilities - Total assets grew to $3.62 billion in 2024, up from $2.43 billion in 2023[295]. - The company reported total current liabilities of $294.6 million in 2024, an increase from $235.0 million in 2023[295]. - Total stockholders' equity increased to $3.15 billion in 2024 from $2.05 billion in 2023[295]. - The company's inventories totaled $419.6 million as of December 31, 2024, representing 11.6% of total assets[274]. Tax and Incentives - The net income tax benefit for the year ended December 31, 2024, was $1.2 billion, or 211.9% of pre-tax income, significantly influenced by a ten-year tax incentive granted to a foreign subsidiary[238]. - A foreign tax incentive of $1.4 billion was granted, resulting in a net deferred tax asset of $1.3 billion[279]. Stock and Dividends - A new stock repurchase program was approved in February 2025, authorizing the repurchase of up to $500.0 million of common stock through February 2028[256]. - The quarterly cash dividend was increased from $1.25 per share to $1.56 per share, payable on April 15, 2025, to stockholders of record as of March 31, 2025[258]. - The company declared dividends of $5.00 per share in 2024, compared to $4.00 per share in 2023, reflecting a commitment to returning value to shareholders[304]. Acquisitions - The Company acquired 100% of Axign for $33.4 million in cash on January 3, 2024, with transaction costs of $0.4 million[359][360]. - Total identifiable net assets acquired from Axign amounted to $13.7 million, with goodwill of $19.7 million attributed to workforce and anticipated synergies[361][362]. Stock-Based Compensation - The company recognized total stock-based compensation expense of $205,640,000 for the year ended December 31, 2024, an increase of 37.4% from $149,711,000 in 2023[383]. - The intrinsic value of vested RSUs was $513.0 million, $461.3 million, and $336.8 million for the years ended December 31, 2024, 2023, and 2022, respectively[389]. - The total intrinsic value of all outstanding RSUs as of December 31, 2024, was $990.0 million, based on a closing stock price of $591.70[389]. - The company granted 50,000 PSUs to executive officers in February 2024, with a total stock-based compensation cost of $154.3 million assuming the highest level of performance goals is achieved[392]. Environmental Goals - The company expects to achieve a reduction of 25% in global combined Scope 1 and Scope 2 greenhouse gas emissions by 2026 against a 2022 baseline as part of its performance goals for PSUs[392].

Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for the period between February 8, 2024, and November 8, 2024, due to significant issues with its largest customer, Nvidia Corporation [1][3]. Company Overview - Monolithic Power Systems, Inc. is headquartered in Kirkland, WA, and specializes in power management components for electronic systems [3]. - The company's largest customer is Nvidia Corporation, a leading supplier of GPUs [3]. Lawsuit Details - The lawsuit is on behalf of investors who purchased Monolithic Power securities during the specified Class Period [1]. - Investors have until April 7, 2025, to seek appointment as lead plaintiff representative of the class [3]. Key Events - On November 11, 2024, a report from Edgewater Research indicated that Nvidia had canceled half of its outstanding orders with Monolithic Power and planned to exclude its products from future chip generations due to performance issues [4]. - Following this news, Monolithic Power's share price dropped by $114, or 15%, from $761.30 on November 8, 2024, to $647.31 on November 11, 2024 [5].

Since my first article published in May 2024, Monolithic Power ( MPWR ) stock price dropped a significant 20%. In this article, I will share why I don't believe the drop is justified and why I recommend accumulating at currentWith a decade of experience in stock market trading, I specialize in equities and options, particularly in the Tech and Healthcare sectors. Armed with a Master's degree in Economics, I leverage research and technical analysis to inform my strategy. I maintain a diverse long portfolio a ...

NEW YORK, March 3, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Monolithic Power Systems Inc. (NASDAQ: MPWR).Shareholders who purchased shares of MPWR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/monolithic-loss-submission-form/?id=132969&from=4 CLASS PERIOD: February 8, ...

Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed risks affecting its business and relationship with Nvidia [1][2]. Group 1: Allegations Against Monolithic - The lawsuit claims that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [2]. - These defects reportedly impacted the performance of certain Nvidia products that utilized Monolithic's components [2]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia, leading to irreparable damage to their relationship [2]. - As a result of these issues, Monolithic is said to be exposed to material undisclosed risks that could cause significant business, financial, and reputational harm [2]. Group 2: Legal Process and Participation - Investors in Monolithic have until April 7, 2025, to seek appointment as a lead plaintiff representative in the class action [3]. - A lead plaintiff is typically the investor or small group of investors with the largest financial interest in the case and is responsible for directing the litigation [3]. - Investors can choose to participate actively or remain absent as class members without affecting their ability to share in any recovery [3].

Core Viewpoint - A securities class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged misleading statements and undisclosed quality control issues affecting its products, particularly those supplied to Nvidia [1][3]. Group 1: Lawsuit Details - The lawsuit is filed in the United States District Court for the Western District of Washington on behalf of investors who purchased Monolithic common stock between February 8, 2024, and November 8, 2024 [1]. - The lead plaintiff deadline for the lawsuit is set for April 7, 2025 [1][4]. Group 2: Allegations Against Monolithic - The complaint alleges that Monolithic's voltage regulator modules and power management integrated circuits experienced significant performance and quality control issues [3]. - These defects reportedly negatively impacted the performance of certain Nvidia products that utilized Monolithic's components [3]. - Monolithic is accused of failing to adequately address known issues affecting its power management solutions supplied to Nvidia, leading to irreparable damage to their relationship [3]. - As a result of these issues, Monolithic is claimed to be exposed to material undisclosed risks that could cause significant business, financial, and reputational harm [3]. Group 3: Lead Plaintiff Process - Investors in Monolithic can seek to be appointed as a lead plaintiff representative of the class by the April 7, 2025 deadline [4]. - The lead plaintiff will act on behalf of all class members and select counsel to represent the class in the litigation [4].

NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Monolithic Power Systems Inc. ("Monolithic" or the "Company") (NASDAQ: MPWR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Monolithic investors who were adversely affected by alleged securities fraud between February 8, 2024 and November 8, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/monolithic-l ...

SAN DIEGO, Feb. 26, 2025 /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all purchasers of Monolithic Power Systems Inc. (NASDAQ: MPWR) common stock between February 8, 2024 and November 8, 2024. Monolithic is a provider of power management components used in electronic systems.For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.The Allegations: Robbins LLP is Investigating Allegations that Monolithic Power Sys ...

Core Viewpoint - Rosen Law Firm is reminding investors who purchased common stock of Monolithic Power Systems, Inc. during the specified class period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - Investors who bought Monolithic Power Systems common stock between February 8, 2024, and November 8, 2024, may be eligible for compensation without any out-of-pocket fees through a contingency fee arrangement [2]. - A class action lawsuit has already been filed, and interested parties can join by contacting the law firm or visiting their website [3][6]. - The deadline to move the Court to serve as lead plaintiff is April 7, 2025, and a lead plaintiff represents other class members in directing the litigation [3]. Group 2: Case Allegations - The lawsuit alleges that Monolithic Power Systems made materially false and misleading statements regarding their voltage regulator modules and power management integrated circuits, which suffered from significant performance and air quality issues [5]. - These defects reportedly affected the performance of products offered by Nvidia that utilized Monolithic Power Systems' components [5]. - The relationship between Monolithic Power Systems and Nvidia was claimed to be irreparably damaged due to these performance and quality control problems, exposing the company to undisclosed risks of significant business, financial, and reputational harm [5].

Core Viewpoint - A class action lawsuit has been filed against Monolithic Power Systems, Inc. for alleged securities fraud and unlawful business practices [2][3]. Financial Performance - Monolithic reported a decline in its Enterprise Data revenue to $184 million for the third fiscal quarter of 2024, missing consensus estimates by nearly 13% [3]. - Following the announcement of the revenue decline, Monolithic's stock price fell by $160.51 per share, or 17.45%, closing at $759.30 on October 31, 2024 [4]. Customer Relations and Market Impact - On November 11, 2024, a report from Edgewater Research indicated that Nvidia canceled half of its outstanding orders with Monolithic and planned to eliminate it as a supplier for advanced GPU variants due to performance issues [5]. - This news led to a further decline in Monolithic's stock price by $113.99 per share, or 14.97%, closing at $647.31 on the same day [5]. Legal Context - Investors who purchased Monolithic securities during the class period have until April 7, 2025, to request appointment as Lead Plaintiff in the class action [3].