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, Inc. (MPS) (Nasdaq: MPWR) is a fabless global semiconductor company that provides high-performance, semiconductor-based power electronics solutions. This news page aggregates company announcements, earnings releases, and other updates that MPS furnishes through press releases and related communications.
Investors and followers of MPWR can use this page to review quarterly and year-to-date financial results, including GAAP and non-GAAP metrics, revenue by end market, and management commentary. MPS regularly reports revenue contributions from Storage and Computing, Enterprise Data, Automotive, Communications, Consumer, and Industrial markets, and its news often highlights trends and changes across these categories.
Typical news items include earnings announcements for quarters such as the periods ended June 30 and September 30, with details on revenue, gross margin, operating income, net income, and non-GAAP adjustments. MPS also issues releases describing its earnings commentary and schedules for question-and-answer webinars or conference calls, often conducted via webcast, where management discusses results and business outlook.
Another recurring category of news is dividend announcements. MPS has reported quarterly cash dividends on its common stock, with press releases specifying the per-share dividend amount, record date, and payment date. These dividend announcements are also reflected in corresponding Form 8-K filings.
From time to time, MPS issues news related to upcoming earnings release dates, providing the planned reporting date for quarterly results and access details for associated webcasts. Together, these updates give investors and analysts insight into the company’s financial performance, end-market trends, and capital return practices.
For anyone tracking MPWR stock, this page offers a centralized view of the company’s official news flow, including financial results, dividends, and scheduled investor events, based on the press releases and disclosures provided by Monolithic Power Systems, Inc.
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.
Monolithic Power Systems (MPWR) announced plans to report its financial results for the second quarter ending June 30, 2020, on July 28, 2020, following the market's closure. A conference call will be held 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. MPS specializes in providing energy-efficient power solutions for various applications, aiming to reduce total energy consumption.
Monolithic Power Systems (Nasdaq: MPWR) held its 2020 Annual Meeting of Stockholders on June 11, where stockholders re-elected two directors with 73% and 59% support. The appointment of the independent accounting firm was ratified with 100% approval. Additionally, 98% of votes supported executive compensation for 2019, and 70% approved the amendment of the 2014 Equity Incentive Plan. MPS announced a second quarter dividend of $0.50 per share for stockholders of record by June 30, to be paid on July 15, 2020.