MPWR - Monolithic Power Non-GAAP EPS of $2.12 beats by $0.24 revenue of $336.5M beats by $14.73M

Monolithic Power press release (NASDAQ:MPWR): Q4 Non-GAAP EPS of $2.12 beats by $0.24. Revenue of $336.5M (+44.4% Y/Y) beats by $14.73M. For 1Q22, the company expects revenue in the range of $354M to $366M vs. consensus of $322.01M. GAAP gross margin between 57.4% and 58.0%. Non-GAAP gross margin between 57.7% and 58.3%. “MPS’s strong financial performance in 2021 was largely due to a 40 percent increase in fab and assembly capacity, which supported our high-value, greenfield-product, revenue ramp. Looking ahead, MPS is on track to expand capacity in 2022 well beyond $2 billion, allowing the company to successfully ramp new product revenue and achieve strategic market share gains in 2023, 2024 and beyond,” said Michael Hsing, CEO and founder of MPS.

For further details see:

Monolithic Power Non-GAAP EPS of $2.12 beats by $0.24, revenue of $336.5M beats by $14.73M