Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2024
Monolithic Power Systems, Inc. (MPWR)
Last monolithic power systems, inc. earnings: 4/28 04:01 pm
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US:NASDAQ Investor Relations:
ir.monolithicpower.com/investor-relations
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Source: GlobeNewswire
KIRKLAND, Wash., May 01, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended March 31, 2024. Revenue was $457.9 million for the quarter ended March 31, 2024, a 0.9% increase from $454.0 million for the quarter ended December 31, 2023 and a 1.5% increase from $451.1 million for the quarter ended March 31, 2023. GAAP gross margin was 55.1% for the quarter ended March 31, 2024, compared with 57.4% for the quarter ended March 31, 2023. Non-GAAP gross margin (1) was 55.7% for the quarter ended March 31, 2024, excluding the impact of $1.9 million for stock-based compensation and related expenses, $0.4 million for deferred compensation plan expense and $0.3 million for amortization of acquisition-related intangible assets, compared with 57.7% for the quarter ended March 31, 2023, excluding the im
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- Monolithic Power Systems, Inc. (NASDAQ: MPWR) had its price target raised by analysts at Wells Fargo & Company from $715.00 to $725.00. They now have an "overweight" rating on the stock.MarketBeat
MPWR
Earnings
- 5/1/24 - Beat
MPWR
Sec Filings
- 5/15/24 - Form 4
- 5/15/24 - Form 4
- 5/15/24 - Form 144
- MPWR's page on the SEC website