Monolithic Power Systems reported strong Q4 2024 results with revenue of $621.7 million, reflecting a 36.9% YoY increase. Adjusted EPS was $4.09, significantly higher than the prior year. The company benefited from higher demand across multiple segments, with notable growth in enterprise data and automotive markets.
Monolithic Power Systems announced revenue of $620.1 million for Q3 2024, a 30.6% increase year-over-year. GAAP net income was $144.4 million, or $2.95 per diluted share, compared to $121.2 million, or $2.48 per diluted share, for the same quarter last year.
Monolithic Power Systems announced financial results for the quarter ended June 30, 2024, with revenue reaching $507.4 million, a 15.0% increase compared to the same quarter last year. GAAP net income was $100.4 million, or $2.05 per diluted share, slightly up from $99.5 million, or $2.04 per diluted share, in Q2 2023.
Monolithic Power Systems announced its financial results for the first quarter ended March 31, 2024, with revenue up slightly by 1.5% year-over-year to $457.9 million. However, the company's GAAP gross margin decreased to 55.1% compared to 57.4% in the same quarter last year. GAAP net income also declined to $92.5 million, or $1.89 per diluted share, from $109.8 million, or $2.26 per diluted share, in Q1 2023.
Monolithic Power Systems reported Q4 2023 revenue of $454.0 million, a 1.3% decrease year-over-year. GAAP net income was $96.9 million, or $1.98 per diluted share, while non-GAAP net income was $140.9 million, or $2.88 per diluted share. The company's Board of Directors approved an increase in the quarterly cash dividend from $1.00 per share to $1.25 per share.
Monolithic Power Systems reported revenue of $474.9 million for Q3 2023, a 7.6% increase from the previous quarter and a 4.1% decrease from Q3 2022. GAAP net income was $121.2 million, or $2.48 per diluted share, compared to $124.3 million, or $2.57 per diluted share, in Q3 2022.
Monolithic Power Systems (MPS) announced its financial results for the quarter ended June 30, 2023, with revenue at $441.1 million, a 4.3% decrease compared to the same quarter last year. GAAP net income was $99.5 million, or $2.04 per diluted share, also down from $114.7 million, or $2.37 per diluted share, in Q2 2022.
Monolithic Power Systems (MPS) announced its Q1 2023 financial results, revealing a 19.4% increase in revenue compared to Q1 2022, reaching $451.1 million, but a slight decrease compared to the previous quarter. GAAP net income increased to $109.8 million or $2.26 per diluted share, compared to $79.6 million or $1.65 per diluted share for the same period last year. The company remains cautious about near-term business conditions but is focused on long-term growth.
Monolithic Power Systems (MPS) announced its financial results for the fourth quarter and year ended December 31, 2022. The company reported revenue of $460.0 million for the quarter, a 36.7% increase compared to the same quarter last year. GAAP net income was $119.1 million, or $2.45 per diluted share, while non-GAAP net income was $154.0 million, or $3.17 per diluted share. The Board of Directors approved an increase in the quarterly cash dividend from $0.75 per share to $1.00 per share.
Monolithic Power Systems announced its financial results for the quarter ended September 30, 2022, with revenue reaching $495.4 million, a 53.1% increase compared to the same quarter last year. GAAP net income was $124.3 million, or $2.57 per diluted share, while non-GAAP net income was $170.7 million, or $3.53 per diluted share.
Monolithic Power Systems announced financial results for the quarter ended June 30, 2022, with revenue reaching $461.0 million, a 57.2% increase compared to the same quarter last year. GAAP net income was $114.7 million, or $2.37 per diluted share, compared to $55.2 million, or $1.16 per diluted share, for the quarter ended June 30, 2021.
Monolithic Power Systems (MPS) reported a strong first quarter in 2022, with revenue reaching $377.7 million, a 48.4% increase year-over-year. The company's GAAP gross margin improved to 57.9%, and GAAP net income was $79.6 million, or $1.65 per diluted share.
Monolithic Power Systems (MPS) announced its Q4 and full-year 2021 financial results, demonstrating significant revenue and earnings growth. Q4 revenue reached $336.5 million, a 44.4% increase year-over-year, while GAAP net income was $72.7 million, or $1.51 per diluted share. The company's performance was supported by a 40% increase in fab and assembly capacity.
Monolithic Power Systems reported revenue of $323.5 million for the quarter ended September 30, 2021, a 24.7% increase compared to the same quarter last year. GAAP net income was $68.8 million, or $1.44 per diluted share.
Monolithic Power Systems reported a strong second quarter in 2021, with revenue reaching $293.3 million, a 57.5% increase compared to the same quarter last year. GAAP net income was $55.2 million, or $1.16 per diluted share, up from $30.2 million, or $0.64 per diluted share, in Q2 2020.
Monolithic Power Systems (MPS) announced strong financial results for the first quarter ended March 31, 2021, with revenue reaching $254.5 million, a 53.5% increase year-over-year. The company's GAAP net income was $45.4 million, or $0.95 per diluted share, compared to $35.8 million, or $0.77 per diluted share, in the same quarter of the previous year. MPS provided financial targets for the second quarter ending June 30, 2021, including revenue in the range of $274 million to $286 million.
Monolithic Power Systems (MPS) announced financial results for the quarter and year ended December 31, 2020. Revenue for Q4 2020 was $233.0 million, a 39.8% increase compared to Q4 2019. GAAP net income was $42.9 million, or $0.90 per diluted share, compared to $32.4 million, or $0.70 per diluted share, for Q4 2019.
Monolithic Power Systems (MPS) announced financial results for the quarter ended June 30, 2020. Revenue was $186.2 million, a 23.3% increase from the quarter ended June 30, 2019. GAAP net income was $30.2 million, or $0.64 per diluted share.
Monolithic Power Systems announced revenue of $165.8 million for the quarter ended March 31, 2020, a 0.6% decrease from the previous quarter and a 17.3% increase year-over-year. GAAP earnings per share were $0.77, while non-GAAP earnings per share were $0.95.
Monolithic Power Systems reported revenue of $166.7 million for the quarter ended December 31, 2019, an 8.6% increase from $153.5 million for the quarter ended December 31, 2018. GAAP earnings per share were $0.70 per diluted share for the quarter ended December 31, 2019, compared to $0.61 per diluted share for the quarter ended December 31, 2018.