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Stock impact report

Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2024

Monolithic Power Systems, Inc. (MPWR) 
Last monolithic power systems, inc. earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.monolithicpower.com/investor-relations
Company Research Source: GlobeNewswire
KIRKLAND, Wash., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (“MPS”) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced financial results for the quarter ended September 30, 2024. The financial results for the quarter ended September 30, 2024 were as follows: Revenue was $620.1 million for the quarter ended September 30, 2024, a 22.2% increase from $507.4 million for the quarter ended June 30, 2024 and a 30.6% increase from $474.9 million for the quarter ended September 30, 2023.GAAP gross margin was 55.4% for the quarter ended September 30, 2024, compared with 55.5% for the quarter ended September 30, 2023.Non-GAAP gross margin (1) was 55.8% for the quarter ended September 30, 2024, excluding the impact of $1.7 million for stock-based compensation and related expenses, $0.5 million for deferred compensation plan expense and $0.3 million for amortization of acquisition-relat Show less Read more
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