Monolithic: EPS beats estimates by $0.09 - Revenue beats expectations
Monolithic Power Systems Inc. (MPWR)
Earnings Summary
Monolithic Power Systems Inc. (MPWR) reported earnings per share (EPS) of $1.84 for the fourth quarter of 2022, surpassing analysts' estimates by $0.09.
Revenue for the quarter came in at $332.2 million, beating market expectations of $325.3 million.
Revenue Breakdown
Monolithic's revenue growth was primarily driven by increased demand for its power management solutions from various markets, including automotive, industrial, and communications.
- Automotive revenue grew by 25% year-over-year, driven by strong demand for its automotive power modules.
- Industrial revenue increased by 18%, reflecting increased adoption of its power solutions in industrial applications.
- Communications revenue grew by 12%, driven by demand for its power management solutions in the communications infrastructure market.
Outlook
Monolithic Power Systems provided a positive outlook for the upcoming quarters, citing strong customer demand and the launch of new products.
For the first quarter of 2023, the company anticipates revenue in the range of $330 million to $340 million.
Monolithic Power Systems is a leading provider of power management solutions, delivering highly efficient, integrated power modules, controllers, and semiconductors to a wide range of applications.
The company's products are used in various end markets, including automotive, industrial, computing, communications, and consumer electronics.
Monolithic Power Systems is headquartered in Sunnyvale, California, and has operations worldwide.