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Monolithic Power Systems (MPWR) delivers innovative power management solutions for industries ranging from automotive to cloud computing. This news hub provides investors and industry professionals with timely updates on corporate developments, technological breakthroughs, and market positioning.
Access curated press releases, product launch announcements, and strategic partnership updates. Track MPWR's progress in advancing energy-efficient semiconductor solutions through earnings reports, R&D milestones, and executive leadership insights.
Our repository features essential updates including:
• Quarterly financial results
• New product certifications
• Manufacturing partnerships
• Industry recognition awards
• Technology patent announcements
Bookmark this page for streamlined access to verified MPWR developments, with content organized for quick scanning and decision-making. Check regularly for updates impacting power management innovation across global markets.
Monolithic Power Systems (MPWR) reported its Q2 2024 financial results on August 1, 2024. Revenue increased by 10.8% quarter-over-quarter (QoQ) and 15.0% year-over-year (YoY) to $507.4M. GAAP net income rose by 8.5% QoQ to $100.4M, while non-GAAP net income increased by 12.8% to $155.1M. Diluted EPS also rose to $2.05 (GAAP) and $3.17 (non-GAAP).
Enterprise Data revenue grew by 290.0% YoY to $187.2M, representing 36.9% of total revenue. Other sectors like Consumer, Automotive, and Industrial faced YoY declines. GAAP gross margin stood at 55.3%, up by 20 basis points from Q1 2024. Operating expenses were $164.0M (GAAP) and $111.7M (non-GAAP). The company forecasts Q3 2024 revenue of $590M-$610M, with a GAAP gross margin between 55.2%-55.8%.
MPS continues to manage inventories strategically, reducing days of sales outstanding and days of inventory. Cash and equivalents totaled $1.31B at the end of Q2 2024, with operating cash flow at $141M.
Monolithic Power Systems (MPWR) has announced its plans to report second quarter 2024 financial results on August 1, 2024, after market close. The company, a global provider of semiconductor-based power electronics solutions, will offer written commentary on its Q2 2024 operations along with the earnings announcement. MPS will host a Q&A conference call at 2:00 p.m. PT / 5:00 p.m. ET via a Zoom webcast. Investors can access the live event through the provided Zoom link or by dialing in. A replay of the event will be available for one year on the company's Investor Relations website.
Monolithic Power Systems (Nasdaq: MPWR) announced a dividend of $1.25 per share for the second quarter of 2024.
This dividend will be distributed to all stockholders of record as of June 28, 2024, with the payment date set for July 15, 2024.
Monolithic Power Systems, Inc. announced financial results for the first quarter ended March 31, 2024, with revenue of $457.9 million, a 0.9% increase from the previous quarter. GAAP gross margin was 55.1%, and non-GAAP gross margin was 55.7%. Operating expenses and income varied compared to the previous year. CEO Michael Hsing remains cautious about business conditions for the second half of 2024. MPS set financial targets for the second quarter of 2024. Non-GAAP financial measures are included in the report. The company will host a conference call to discuss the results.
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