- Monolithic Power Systems ( MPWR ) reported Non-GAAP EPS of $3.25 excluding $42.9 million for stock-based compensation expense, $0.3 million for net deferred compensation plan income and $0.3 million for related tax effects against consensus of $2.94.
- Revenue was $461.0 million, up 57.2% Y/Y driven by 112% Y/Y growth in storage and computing.
- Revenue breakout by End Market:
- Storage and Computing:$122.28M, up 112% Y/Y
- Enterprise Data: $65.2M, up 118% Y/Y
- Automotive: $61M, up 25% Y/Y
- Industrial: $55.8M, up 29% Y/Y
- Communications: $59.3M, up 58% Y/Y
- Consumer: $97.3M, up 28% Y/Y
- Revenue breakout by product:
- DC to DC: $442.2M, up 58% Y/Y
- Lighting Control: $18.75M, up 29% Y/Y.
- 3Q22 Guidance: Revenue in the range of $480.0 million to $500.0 million vs. $399.68M consensus.
- GAAP gross margin between 58.4% and 59.0%. Non-GAAP gross margin between 58.7% and 59.3%.
- Litigation expense of $2.3 million to $2.7 million.
- Fully diluted shares outstanding between 47.9 million and 48.9 million.
For further details see:
Monolithic Power Systems gains 7% on guiding Q3 revenue above consensus