MPWR - Monolithic Power dips 4% despite earnings beat upside revenue guidance

Monolithic Power (NASDAQ:MPWR) has slipped 4% premarket after it reported third-quarter earnings where it beat consensus on top and bottom lines and guided above expectations for the current quarter. Revenue grew 24.75% year-over-year to $323.52M. Adjusted gross profit rose to $187.04M from a year-ago $144M. Non-GAAP operating income came to $108.39M. MPS generated an operating cash flow of about $117.8M, compared with the Q2 2021 operating cash flow of $96.9M. Third-quarter 2021 capital spending totaled $18.6M. Cash, cash equivalents and investments were $744.5M at the end of the third quarter of 2021 compared to $672.9M at the end of the second quarter of 2021. The company guides Q4 revenue of $314M-$326M, above the consensus of $306.65M, gross margin of 56.0%-56.6%, and Non-GAAP gross margin between 56.3% and 56.9%, which excludes an estimated impact of stock-based compensation expenses of 0.3%. Previously: Monolithic Power EPS beats by $0.06, beats on revenue (Oct. 28) Related:

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Monolithic Power dips 4% despite earnings beat, upside revenue guidance