Monolithic Power Systems Sees Growth

Motley Fool05-02

The enterprise data segment saw strong revenue growth in the first quarter. Adjusted gross margin dropped year over year. The company projects YOY revenue growth of about 11% in the ...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMonolithic Power Systems Sees Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/data-news/2024/05/02/monolithic-power-systems-sees-growth/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The enterprise data segment saw strong revenue growth in the first quarter.\n\n\n\n\n\n\n\nAdjusted gross margin dropped year over year. \n\n\n\n\n\n\n\nThe company projects YOY revenue growth of about 11% in the ...</p>\n\n<a href=\"https://www.fool.com/data-news/2024/05/02/monolithic-power-systems-sees-growth/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0708995401.HKD","symbol_name":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.fool.com/data-news/2024/05/02/monolithic-power-systems-sees-growth/","article_id":"2432311670","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775410%2Fsemiconductor.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432311670","pubTimestamp":1714652640,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"Monolithic Power Systems beat earnings and revenue expectations for the first quarter.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU1861215975.USD":"贝莱德新一代科技基金 A2","BK4585":"ETF&股票定投概念","BK4588":"碎股","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","BK4141":"半导体产品","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","MPWR":"Monolithic Power Systems","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC"},"translate_title":"单片电力系统增长","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MPWR":1},"content_text":"The enterprise data segment saw strong revenue growth in the first quarter.\n\n\n\n\n\n\n\nAdjusted gross margin dropped year over year. \n\n\n\n\n\n\n\nThe company projects YOY revenue growth of about 11% in the current quarter. \n\nMonolithic Power Systems (MPWR -2.50%), which provides semiconductor-based power electronics solutions, on Wednesday released its earnings report for the quarter ending March 31, 2024, outperforming analysts' estimates on both earnings per share (EPS) and revenue. The company reported a non-GAAP EPS of $2.81, surpassing the forecasted $2.66. Additionally, revenue reached $458 million, exceeding expectations of $448 million. While showing a robust performance, MPS saw a compression in gross margin.MetricQ1 2024 ActualQ1 2024 EstimatesQ1 2023 ActualChange (YOY)Revenue$457.9 million$447.7 million$451.1 million1.5%EPS (non-GAAP)$2.81$2.66$3.00(6.3%)GAAP gross margin55.1%N/A57.4%(2.3pp)Non-GAAP gross margin55.7%N/A57.7%(2pp)GAAP operating expenses$157 millionN/A$134.5 million16.7%Non-GAAP operating expenses$103.4 millionN/A$96 million7.7%GAAP = unadjusted. Non-GAAP = adjusted. pp = percentage points.An overview of Monolithic Power SystemsMPS specializes in creating high-performance power solutions for various industrial sectors, including computing, automotive, and consumer electronics. With a focus on energy-efficient power modules and integrated circuits, MPS has positioned itself as a crucial supplier.The recent focus on expanding its product line and entering new markets has been central to its business strategy. Innovation remains a key pillar, allowing MPS to stay ahead in the competitive semiconductor field and continually meet the evolving needs of its customers.Quarter highlightsMPS reported a noticeable year-over-year decrease in GAAP and non-GAAP gross margins, signaling cost pressures that could impact future profitability. The company saw strong revenue growth in enterprise data.End MarketQ1 2024 (Revenue, in thousands)Q1 2023 (Revenue, in thousands)Enterprise data$149,727$47,163Storage and computing$106,121$119,822Automotive$87,092$105,342Communications$46,645$67,906Consumer$38,074$63,363Industrial$30,226$47,469Total$457,885$451,065Data source: Company.Management's forward-looking statements painted an optimistic picture, projecting a revenue range of $480 million to $500 million for the current quarter. That would compare to $441.1 million for the quarter ended June 30, 2023; 11% growth at the midpoint of the estimate. The forecast suggests confidence in strategy and market positioning.In the current quarter, management is targeting:GAAP gross margin between 55.1% and 55.7%Non-GAAP gross margin between 55.4% and 56.0%GAAP operating expenses between $147.9 million and $151.9 millionNon-GAAP operating expenses between $106.1 million and $108.1 millionLooking aheadWhile the earnings beat and positive projections stand out, investors should keep an eye on the compression in gross margins and the implications of rising operating expenses. In its strategic outlook, MPS hints at market expansions and innovations that could potentially counterbalance current cost pressures.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432311670"}