Monolithic Power Q2 2022 Earnings Report
Key Takeaways
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.
Revenue increased by 57.2% year-over-year, reaching $461.0 million.
GAAP gross margin was 58.8%, compared to 56.0% for the quarter ended June 30, 2021.
GAAP net income was $114.7 million, or $2.37 per diluted share.
Non-GAAP net income was $157.0 million, or $3.25 per diluted share.
Monolithic Power
Monolithic Power
Monolithic Power Revenue by Segment
Forward Guidance
MPS provided financial targets for the third quarter ending September 30, 2022.
Positive Outlook
- Revenue in the range of $480.0 million to $500.0 million.
- GAAP gross margin between 58.4% and 59.0%.
- Non-GAAP gross margin between 58.7% and 59.3%, excluding stock-based compensation expenses.
- Interest and other income of $1.3 million to $1.7 million before foreign exchange gains or losses.
- Fully diluted shares outstanding between 47.9 million and 48.9 million.
Challenges Ahead
- GAAP research and development and selling, general and administrative expenses between $136.2 million and $140.2 million.
- Non-GAAP R&D and SG&A expenses between $94.7 million and $96.7 million, excluding estimated stock-based compensation expenses.
- Total stock-based compensation expense of $42.8 million to $44.8 million.
- Litigation expense of $2.3 million to $2.7 million.
- Unspecified foreign exchange gains or losses.
Revenue & Expenses
Visualization of income flow from segment revenue to net income