Monolithic Power Systems (MPWR) Tops Q1 EPS by 15c, provides guidance

Monolithic Power Systems (NASDAQ: MPWR) reported Q1 EPS of $2.81, $0.15 better than the analyst estimate of $2.66. Revenue for the quarter came in at $457.89 million versus the consensus estimate of $447.35 million.

GUIDANCE:

Monolithic Power Systems sees Q2 2024 revenue of $480-500 million, versus the consensus of $472.9 million.

GAAP gross margin between 55.1% and 55.7%. Non-GAAP gross margin (1) between 55.4% and 56.0%, which excludes the impact from stock-based compensation and related expenses as well as the impact from amortization of acquisition-related intangible assets.

GAAP operating expenses between $147.9 million and $151.9 million. Non-GAAP operating expenses (1) between $106.1 million and $108.1 million, which excludes estimated stock-based compensation and related expenses in the range of $41.8 million to $43.8 million.

Total stock-based compensation and related expenses of $43.2 million to $45.2 million.

Other income of $5.3 million to $5.7 million before foreign exchange gains or losses.

Non-GAAP tax rate of 12.5% for 2024.

Fully diluted shares outstanding between 48.8 million and 49.2 million.

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

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