Monolithic Power Systems (MPWR) Tops Q3 EPS by 9c, provides guidance

Monolithic Power Systems (NASDAQ: MPWR) reported Q3 EPS of $4.06, $0.09 better than the analyst estimate of $3.97. Revenue for the quarter came in at $620.12 million versus the consensus estimate of $600.6 million.

GUIDANCE:

Monolithic Power Systems sees Q4 2024 revenue of $600-620 million, versus the consensus of $607.7 million. GAAP gross margin between 55.2% and 55.8%. Non-GAAP gross margin (1) between 55.5% and 56.1%, 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 $170.7 million and $174.7 million. Non-GAAP operating expenses (1) between $122.0 million and $124.0 million, which excludes estimated stock-based compensation and related expenses in the range of $48.7 million to $50.7 million.
Total stock-based compensation and related expenses of $50.3 million to $52.3 million including approximately $1.6 million that would be charged to cost of goods sold.
Interest and other income in the range of $6.2 million to $6.6 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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