Welcome to our dedicated page for Monolithic Power news (Ticker: MPWR), a resource for investors and traders seeking the latest updates and insights on Monolithic Power stock.
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.
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• Quarterly financial results
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• Industry recognition awards
• Technology patent announcements
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Monolithic Power Systems (Nasdaq: MPWR), a leading provider of semiconductor-based power electronic solutions, will report its financial results for the first quarter of 2023 on May 4 after market close. The quarterly conference will take place at 2:00 PM PT / 5:00 PM ET via Zoom, allowing investors to access the event live. MPS is known for its efficiency in energy consumption, providing cost-effective, high-performance solutions since its founding in 1997 by CEO Michael Hsing. The company emphasizes its strengths in system-level knowledge, semiconductor expertise, and innovative technologies to enhance quality of life and deliver solid returns to shareholders.
Monolithic Power Systems (Nasdaq: MPWR) announced the appointment of Eileen Wynne to its Board of Directors, effective February 7, 2023. Michael Hsing, Chairman of the Board, expressed enthusiasm for Wynne’s appointment, citing her experience and creativity. Wynne, age 56, has a notable background, serving as interim CFO for IDEX Biometrics since August 2022 and holding various senior positions at Analog Devices until June 2019. Her expertise in financial management is expected to enhance MPS’s leadership. Founded in 1997, MPS specializes in semiconductor-based power solutions, focusing on energy efficiency and innovation.
Monolithic Power Systems (MPWR) announced financial results for Q4 and the fiscal year 2022, reporting a revenue of $460 million for Q4, down 7.1% from Q3 yet up 36.7% year-over-year. The full year revenue reached $1.79 billion, a 48.5% increase compared to 2021. The company declared a quarterly cash dividend increase to $1.00 per share, payable on April 14, 2023. GAAP net income for Q4 was $119.1 million or $2.45 per diluted share, up from $72.7 million or $1.51 per diluted share a year earlier. For Q1 2023, MPWR expects revenue between $440 million to $460 million and anticipates GAAP gross margin between 57.4% and 58.0%.