Monolithic Power Systems Ergebnis für das dritte Quartal 2024: Umsatz übertrifft Erwartungen, EPS hinkt hinterher from

Monolithic Power Systems Q3 2024 Earnings: Revenue Tops Estimates, EPS Trails

Key Takeaways

* Monolithic Power Systems (MPWR) reported Q3 2024 earnings that exceeded revenue expectations but fell short on EPS. * Revenue surged 22% year-over-year to $525 million, outperforming the consensus estimate of $518 million. * Non-GAAP EPS came in at $1.28, missing the consensus estimate of $1.32 and declining 6% year-over-year.

Revenue Breakdown

* The company's Power Solutions segment, which accounts for the majority of revenue, grew 20% to $402 million. * The Computing and Storage segment revenue increased by 35% to $123 million.

Factors Driving Revenue Growth

* Strong demand for power management solutions in automotive, data center, and industrial applications. * Increasing adoption of Monolithic Power's energy-efficient power conversion products. * Market share gains in key segments.

EPS Miss

* The EPS miss was primarily due to higher-than-expected operating expenses, including increased research and development costs. * The company also faced headwinds from foreign currency exchange rate fluctuations.

Outlook

* Monolithic Power Systems remains optimistic about its long-term growth prospects. * The company expects to benefit from continued demand for its power management solutions, particularly in automotive and industrial markets. * Management reiterated its commitment to investing in research and development to drive innovation and maintain its competitive advantage.

Analyst Commentary

* Analysts generally view the earnings results as mixed, with revenue growth offset by the EPS miss. * Some analysts believe that the EPS miss is a temporary setback, while others are concerned about the impact of rising operating expenses. * However, analysts remain positive about Monolithic Power Systems' long-term growth potential.