Monolithic Power Q4 2024 Earnings Report

Key Takeaways

Monolithic Power Systems reported strong Q4 2024 results with revenue of $621.7 million, reflecting a 36.9% YoY increase. Adjusted EPS was $4.09, significantly higher than the prior year. The company benefited from higher demand across multiple segments, with notable growth in enterprise data and automotive markets.

Total Revenue

$622M

Previous year: $454M

+36.9%

EPS

$4.09

Previous year: $2.88

+42.0%

Gross Margin

55.4%

Operating Margin

26.3%

Free Cash Flow

$198M

Gross Profit

$344M

Previous year: $251M

+37.1%

Cash and Equivalents

$692M

Previous year: $1.11B

-37.6%

Total Assets

$3.62B

Previous year: $2.43B

+48.6%

Monolithic Power Revenue

Monolithic Power EPS

Monolithic Power Revenue by Segment

Forward Guidance

MPS expects Q1 2025 revenue to be in the range of $610 million to $630 million, with a GAAP gross margin between 55.1% and 55.7%.

Positive Outlook

Continued strength in enterprise and automotive segments.
Stable gross margin outlook with minimal fluctuation.
Projected revenue growth sustaining positive trends.
Stock-based compensation impact remains stable.
Consistent operating efficiency improvements.

Challenges Ahead

Potential macroeconomic uncertainties affecting demand.
Stock-based compensation expenses remain significant.
Competition in semiconductor industry remains strong.
Consumer market weakness may impact overall revenue.
Foreign exchange volatility may affect profitability.

Revenue & Expenses

Visualization of income flow from segment revenue to net income