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Sep 30, 2021
Monolithic Power Q3 2021 Earnings Report
Monolithic Power Systems announced financial results for Q3 2021.
Key Takeaways
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.
Revenue was $323.5 million, a 24.7% increase year-over-year.
GAAP gross margin was 57.6%, including a one-time benefit of a $4.0 million litigation settlement.
GAAP operating income was $77.1 million, compared to $60.0 million for the same quarter last year.
GAAP net income was $68.8 million, or $1.44 per diluted share.
Forward Guidance
MPS’s financial targets for the fourth quarter ending December 31, 2021 include revenue in the range of $314.0 million to $326.0 million and GAAP gross margin between 56.0% and 56.6%.
Positive Outlook
- Revenue in the range of $314.0 million to $326.0 million.
- GAAP gross margin between 56.0% and 56.6%.
- Non-GAAP gross margin between 56.3% and 56.9%, which excludes an estimated impact of stock-based compensation expenses of 0.3%.
- GAAP research and development (“R&D”) and selling, general and administrative (“SG&A”) expenses between $107.8 million and $111.8 million.
- Non-GAAP R&D and SG&A expenses between $77.9 million and $79.9 million, which excludes estimated stock-based compensation expenses in the range of $29.9 million to $31.9 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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