MPWR - Monolithic Power Non-GAAP EPS of $3.00 beats by $0.03 revenue of $451.1M beats by $2.13M

2023-05-04 16:07:50 ET

• Monolithic Power press release ( NASDAQ: MPWR ): Q1 Non-GAAP EPS of $3.00 beats by $0.03 .
• Revenue of $451.1M (+19.4% Y/Y) beats by $2.13M .
• Shares -4.5% .
• Q2 Outlook:
• Revenue in the range of $430.0 million to $450.0 million.
• GAAP gross margin between 55.9% and 56.5%. Non-GAAP gross margin (1) between 56.2% and 56.8%, 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 $132.5 million and $136.5 million. Non-GAAP R&D and SG&A expenses (1) between $94.9 million and $96.9 million, which excludes estimated stock-based compensation expenses in the range of $37.6 million to $39.6 million.

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