NASDAQ$MPWR
Monolithic Power Systems Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Monolithic Power Systems reported strong Q3 2022 results with revenue up 53.1% year-over-year.
Monolithic Power Systems announced its financial results for the quarter ended September 30, 2022, with revenue reaching $495.4 million, a 53.1% increase compared to the same quarter last year. GAAP net income was $124.3 million, or $2.57 per diluted share, while non-GAAP net income was $170.7 million, or $3.53 per diluted share.
- Revenue was $495.4 million, up 53.1% year-over-year.
- GAAP gross margin was 58.7%, compared to 57.6% in the same quarter last year.
- GAAP operating income was $151.9 million, compared to $77.1 million in the same quarter last year.
- GAAP net income was $124.3 million, or $2.57 per diluted share.
Headline financials
Revenue & EPS history
Monolithic Power · Revenue · Quarterly
$495M
Revenue by segment
Monolithic Power · $240M total across 4 segments · Q3 2022
- Automotive$84.1M—35.0%
- Industrial$71.5M—29.8%
- Communications$46.3M—19.3%
- Consumer$38.1M—15.9%
Forward guidance
MPS provided financial targets for the fourth quarter ending December 31, 2022, including revenue in the range of $450.0 million to $470.0 million and GAAP gross margin between 58.1% and 58.7%.
Tailwinds
- Revenue in the range of $450.0 million to $470.0 million.
- GAAP gross margin between 58.1% and 58.7%.
- Non-GAAP gross margin between 58.3% and 58.9%, excluding stock-based compensation expenses.
- Interest income of $1.1 million to $1.5 million.
- Fully diluted shares outstanding between 48.2 million and 49.2 million.
Headwinds
- GAAP research and development and selling, general and administrative expenses between $131.0 million and $135.0 million.
- Non-GAAP R&D and SG&A expenses between $94.4 million and $96.4 million, excluding stock-based compensation expenses.
- Total stock-based compensation expense of $37.7 million to $39.7 million.
- Litigation expense of $1.3 million to $1.7 million.
- Business conditions are softening.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+2.3%
Avg return
Earnings day
+2.0%
Avg return
5 days after
+2.3%
Avg return
30 days after
71%
47 / 66 earnings
Positive
+16.6%
Q1 2022
Best reaction
-18.6%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | +2.4% | -3.1% | |
| Q4 2025 | +6.4% | +3.5% | -11.5% | |
| Q3 2025 | -7.7% | -8.0% | -14.7% | |
| Q2 2025 | -3.4% | -3.2% | +2.1% | |
| Q1 2025 | +5.6% | +5.8% | +10.0% | |
| Q4 2024 | +9.0% | +5.8% | -9.7% | |
| Q3 2024 | -18.6% | -17.9% | -39.2% | |
| Q2 2024 | -7.8% | -8.4% | +8.3% | |
| Q1 2024 | +6.5% | +9.5% | +9.9% | |
| Q4 2023 | +16.4% | +15.3% | +15.7% | |
| Q3 2023 | +8.8% | +21.4% | +36.1% | |
| Q2 2023 | +0.9% | -1.6% | -5.6% | |
| Q1 2023 | -11.8% | -13.9% | +6.7% | |
| Q4 2022 | +9.2% | +7.2% | +2.4% | |
| Q3 2022 | +4.0% | +4.7% | +10.8% | |
| Q2 2022 | +8.8% | +14.5% | -2.5% | |
| Q1 2022 | +16.6% | +13.4% | +14.3% | |
| Q4 2021 | +0.4% | +13.4% | -6.4% | |
| Q3 2021 | +0.1% | +2.1% | +1.9% | |
| Q2 2021 | +4.4% | +8.8% | +18.0% | |
| Q1 2021 | -3.6% | -2.1% | -4.1% | |
| Q4 2020 | -1.8% | +3.6% | -9.0% | |
| Q3 2020 | +5.2% | +3.5% | +8.0% | |
| Q2 2020 | +3.9% | +4.4% | +4.0% | |
| Q1 2020 | +5.0% | -2.5% | +5.8% | |
| Q4 2019 | -0.4% | +0.9% | -9.1% | |
| Q3 2019 | +3.6% | +4.8% | +9.0% | |
| Q2 2019 | -0.8% | -5.7% | -0.2% | |
| Q1 2019 | -6.1% | -10.3% | -24.6% | |
| Q4 2018 | +2.8% | +6.0% | +5.6% | |
| Q3 2018 | +8.1% | +10.7% | +19.4% | |
| Q2 2018 | -1.0% | -4.7% | +7.1% | |
| Q1 2018 | -1.0% | +3.0% | +11.3% | |
| Q4 2017 | +0.1% | -0.0% | +13.5% | |
| Q3 2017 | +6.0% | +6.7% | +10.0% | |
| Q2 2017 | -0.3% | -2.5% | -7.1% | |
| Q1 2017 | -1.8% | -4.5% | +1.9% | |
| Q4 2016 | -1.7% | -5.3% | -0.7% | |
| Q3 2016 | -1.9% | -1.6% | +5.2% | |
| Q2 2016 | +2.4% | +0.9% | +4.1% | |
| Q1 2016 | +3.3% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +5.0% | — | — | |
| Q2 2015 | +3.0% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | +5.0% | — | — | |
| Q2 2014 | +2.3% | — | — | |
| Q1 2014 | +1.4% | — | — | |
| Q4 2013 | +8.4% | — | — | |
| Q3 2013 | +15.1% | — | — | |
| Q2 2013 | +8.7% | — | — | |
| Q1 2013 | +4.6% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q3 2012 | -2.2% | — | — | |
| Q2 2012 | +4.6% | — | — | |
| Q1 2012 | +4.5% | — | — | |
| Q4 2009 | +2.6% | — | — | |
| Q4 2011 | +2.6% | — | — | |
| Q3 2010 | +3.7% | — | — | |
| Q3 2011 | +3.7% | — | — | |
| Q4 2010 | +1.1% | — | — | |
| Q2 2010 | +1.1% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q1 2010 | +1.2% | — | — |
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