Loading...
•
Jun 30, 2023
Monolithic Power Q2 2023 Earnings Report
Monolithic Power Systems reported a decrease in revenue and net income for Q2 2023.
Key Takeaways
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.
Revenue was $441.1 million, a 4.3% decrease year-over-year.
GAAP gross margin was 56.1%, compared to 58.8% in the same quarter last year.
GAAP operating income was $112.3 million, down from $141.9 million year-over-year.
GAAP net income was $99.5 million, or $2.04 per diluted share, compared to $114.7 million, or $2.37 per diluted share, in Q2 2022.
Forward Guidance
For the third quarter ending September 30, 2023, MPS expects revenue in the range of $464.0 million to $484.0 million and GAAP gross margin between 55.5% and 56.1%.
Positive Outlook
- Revenue in the range of $464.0 million to $484.0 million.
- GAAP gross margin between 55.5% and 56.1%.
- Non-GAAP gross margin between 55.7% and 56.3%, excluding stock-based compensation expenses.
- GAAP operating expenses between $129.4 million and $133.4 million.
- Interest and other income of $3.0 million to $3.4 million.
Challenges Ahead
- Non-GAAP operating expenses between $96.9 million and $98.9 million, excluding stock-based compensation expenses.
- Total stock-based compensation expenses of $33.5 million to $35.5 million.
- Fully diluted shares outstanding between 48.6 million and 49.0 million.
- Unspecified risks associated with forward-looking statements.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...