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Sep 30, 2022
Monolithic Power Q3 2022 Earnings Report
Monolithic Power Systems reported strong Q3 2022 results with revenue up 53.1% year-over-year.
Key Takeaways
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.
Revenue was $495.4 million, up 53.1% year-over-year.
GAAP gross margin was 58.7%, compared to 57.6% in the same quarter last year.
GAAP operating income was $151.9 million, compared to $77.1 million in the same quarter last year.
GAAP net income was $124.3 million, or $2.57 per diluted share.
Revenue by Segment
Forward Guidance
MPS provided financial targets for the fourth quarter ending December 31, 2022, including revenue in the range of $450.0 million to $470.0 million and GAAP gross margin between 58.1% and 58.7%.
Positive Outlook
- Revenue in the range of $450.0 million to $470.0 million.
- GAAP gross margin between 58.1% and 58.7%.
- Non-GAAP gross margin between 58.3% and 58.9%, excluding stock-based compensation expenses.
- Interest income of $1.1 million to $1.5 million.
- Fully diluted shares outstanding between 48.2 million and 49.2 million.
Challenges Ahead
- GAAP research and development and selling, general and administrative expenses between $131.0 million and $135.0 million.
- Non-GAAP R&D and SG&A expenses between $94.4 million and $96.4 million, excluding stock-based compensation expenses.
- Total stock-based compensation expense of $37.7 million to $39.7 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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