Monolithic Power (MPWR) Q2 Earnings Beat on Solid AI Traction

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 ...