Monolithic Power Stock Price, News & Analysis

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%.

KIRKLAND, Wash., Jan. 17, 2023 – Monolithic Power Systems (Nasdaq: MPWR) announced its plan to report financial results for the fourth quarter and the year ending December 31, 2022. The results will be released after market close on February 8, 2023. A conference call will follow at 2:00 p.m. PT / 5:00 p.m. ET, accessible via a Zoom webinar. A replay of the event will be available for one year on the Investor Relations website two hours after the live presentation. Monolithic Power Systems focuses on high-performance semiconductor solutions aimed at improving energy efficiency and quality of life.

Monolithic Power Systems (MPWR) declared a fourth quarter dividend of $0.75 per common share for shareholders on record as of December 30, 2022. The payment date is set for January 13, 2023. This announcement underscores MPS's commitment to providing consistent returns to its stockholders while reinforcing its status as a leader in high-performance, semiconductor-based power electronics solutions. The company aims to enhance energy efficiency and reduce material consumption, contributing positively to quality of life.

Monolithic Power Systems (Nasdaq: MPWR) has entered a foundry agreement with Vanguard International Semiconductor Corporation (VIS) to produce power semiconductors. This collaboration will leverage VIS’s 8-inch wafer fabrication capabilities to meet the growing demand for power devices in sectors such as datacenters, electric vehicles, and solar inverters. MPS aims to enhance its supply chain security and innovation capacity through strategic partnerships, ensuring long-term semiconductor supply continuity.

Monolithic Power Systems (MPWR) reported robust Q3 2022 financial results, with revenue of $495.4 million, a significant increase of 53.1% year-over-year. Gross margins improved to 58.7% from 57.6% in Q3 2021. Operating income rose to $151.9 million, compared to $77.1 million in the prior year. Non-GAAP net income reached $170.7 million, or $3.53 per diluted share. For Q4, MPWR aims for revenue between $450 million and $470 million. Despite softening business conditions, the company expects continued market share growth.

Monolithic Power Systems (Nasdaq: MPWR) will release its financial results for Q3 2022 on October 27, after the market closes. A conference call will follow at 1:30 PM PT / 4:30 PM ET, accessible via Zoom. Founded in 1997, MPS specializes in semiconductor-based power electronics solutions, aimed at enhancing energy efficiency and reducing material consumption. The company's strengths include system-level knowledge and proprietary technologies, providing reliable, cost-effective products to improve quality of life and returns for shareholders.