Monolithic Power Stock Price, News & Analysis

Monolithic Power Systems (MPWR) reported Q4 2020 revenue of $233 million, down 10.2% from Q3 2020, but up 39.8% YoY. GAAP net income was $42.9 million ($0.90 per share) compared to $32.4 million ($0.70 per share) in Q4 2019. The board approved a quarterly cash dividend increase from $0.50 to $0.60 per share, payable on April 15, 2021. For the year, revenue reached $844.5 million, a 34.5% increase from 2019. The company projects Q1 2021 revenue between $236 million and $248 million and GAAP gross margins between 55.1% and 55.7%.

Monolithic Power Systems (Nasdaq: MPWR) announced plans to report its financial results for the fourth quarter and year ended December 31, 2020. The results will be released after the market closes on February 4, 2021, followed by a quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. This live event will be accessible via a Zoom webinar free of charge. A replay will be available on the Investor Relations website two hours post-event, remaining accessible for one year.

Monolithic Power Systems (MPWR) has launched a new family of 48V to 6V digital DC/DC power modules aimed at high-density computing, AI, and data center applications. Utilizing eGaN® transistors from Efficient Power Conversion, these modules promise over 97% efficiency in compact 27mmx18mmx6mm sizes. The scalable power modules can handle between 300W to 1000W and are designed to optimize power distribution, significantly reducing losses compared to traditional conversion methods. MPS aims to meet the increasing demands of advanced computing applications with this innovative solution.

Monolithic Power Systems (Nasdaq: MPWR) announced a fourth-quarter dividend of $0.50 per share, payable on January 15, 2021, to stockholders of record as of December 31, 2020. This dividend reflects the company’s commitment to providing returns to its investors. MPS specializes in energy-efficient power solutions across various sectors, including industrial and automotive. The company emphasizes reducing energy consumption through compact solutions, underlining its role in promoting sustainability in the industry.

Monolithic Power Systems, Inc. (MPWR) reported robust financial results for Q3 2020, achieving revenue of $259.4 million, reflecting a 39.3% quarter-over-quarter increase and a 53.7% year-over-year rise. GAAP net income reached $55.6 million, equivalent to $1.18 per diluted share, up from $29.5 million or $0.64 in Q3 2019. Non-GAAP net income was $79.4 million or $1.69 per diluted share. The company anticipates Q4 2020 revenue between $218 million and $230 million with stable gross margins. MPS aims to continue executing despite market uncertainties.

KIRKLAND, Wash., Oct. 19, 2020 – Monolithic Power Systems (MPS), listed on Nasdaq as MPWR, announced it will report its third-quarter financial results for the period ending September 30, 2020. The results will be shared after market close on October 29, 2020. MPS will host a quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET via Zoom, accessible for free to the public. A replay will be available on their Investor Relations website within two hours post-event and will remain accessible for one year.

Monolithic Power Systems (Nasdaq: MPWR) announced lawsuits against Meraki Integrated Circuit Technology and its founders for breach of contract, fraud, and trade secret theft. The lawsuits were filed in U.S. District Courts in Texas and California, alleging that Meraki's products infringe MPS patents and are knock-offs of MPS's proprietary products. MPS claims that Meraki's founders, previous engineers for MPS, stole trade secrets before relocating to China. The company seeks unspecified damages and injunctions against further infringement.

Monolithic Power Systems (MPWR) announced a $0.50 dividend per common share for Q3 2020. The dividend is payable on October 15, 2020, to stockholders of record by the close of business on September 30, 2020. This marks a significant return for investors as MPS continues to provide high-performance analog solutions across various industries.

Investors are advised to consider potential risks associated with forward-looking statements that may affect future performance.

Monolithic Power Systems reported a significant increase in its Q3 2020 revenue guidance, now projected to be between $257 million and $259 million, up from the previous guidance of $200 million to $210 million. This surge is attributed to fulfilling pent-up demand and accelerated shipment requests from China-based customers. However, the company cautions that these developments are non-recurring. Additionally, MPS plans to expand its fab capacity outside of China, with revised expense forecasts indicating increases in both GAAP and non-GAAP R&D and SG&A costs.