Monolithic Power Systems (MPWR) Tops Q4 EPS by 25c, Offers Guidance

Monolithic Power Systems (NASDAQ: MPWR) reported Q4 EPS of $2.12, $0.25 better than the analyst estimate of $1.87. Revenue for the quarter came in at $336.5 million versus the consensus estimate of $321.29 million.

GUIDANCE:

Monolithic Power Systems sees Q1 2022 revenue of $354-366 million, versus the consensus of $322 million.

• GAAP gross margin between 57.4% and 58.0%. Non-GAAP gross margin (1) between 57.7% and 58.3%, which excludes an estimated impact of stock-based compensation expenses of 0.3%.
• GAAP research and development (“R&D”) and selling, general and administrative (“SG&A”) expenses between $119.2 million and $123.2 million. Non-GAAP R&D and SG&A expenses (1) between $83.4 million and $85.4 million, which excludes estimated stock-based compensation expenses in the range of $35.8 million to $37.8 million.
• Total stock-based compensation expense of $36.9 million to $38.9 million.
• Litigation expense of $2.3 million to $2.7 million.
• Interest income of $1.0 million to $1.4 million.
• Fully diluted shares outstanding between 47.8 million and 48.8 million.

For earnings history and earnings-related data on Monolithic Power Systems (MPWR) click here.

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