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Sep 30, 2024
Monolithic Power Q3 2024 Earnings Report
Monolithic Power Systems reported strong Q3 2024 results, driven by revenue growth and solid profitability.
Key Takeaways
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.
Revenue increased by 30.6% year-over-year to $620.1 million.
GAAP gross margin was 55.4%, consistent with the previous year.
GAAP operating income rose to $164.0 million from $135.6 million year-over-year.
GAAP net income reached $144.4 million, or $2.95 per diluted share.
Revenue by Segment
Forward Guidance
For the fourth quarter ending December 31, 2024, MPS expects revenue in the range of $600.0 million to $620.0 million and GAAP gross margin between 55.2% and 55.8%.
Positive Outlook
- Revenue in the range of $600.0 million to $620.0 million.
- GAAP gross margin between 55.2% and 55.8%.
- Non-GAAP gross margin between 55.5% and 56.1%.
- Interest and other income in the range of $6.2 million to $6.6 million before foreign exchange gains or losses.
- Non-GAAP tax rate of 12.5% for 2024.
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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