NASDAQ$MPWR
Monolithic Power Systems Inc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
Monolithic Power Systems reported strong growth in revenue and earnings for Q4 2021, driven by increased capacity and new product ramps.
Monolithic Power Systems (MPS) announced its Q4 and full-year 2021 financial results, demonstrating significant revenue and earnings growth. Q4 revenue reached $336.5 million, a 44.4% increase year-over-year, while GAAP net income was $72.7 million, or $1.51 per diluted share. The company's performance was supported by a 40% increase in fab and assembly capacity.
- Revenue for Q4 2021 was $336.5 million, up 44.4% year-over-year.
- GAAP gross margin for Q4 2021 was 57.6%, compared to 55.3% in Q4 2020.
- GAAP net income for Q4 2021 was $72.7 million, or $1.51 per diluted share, compared to $42.9 million, or $0.90 per diluted share, in Q4 2020.
- The board of directors approved an increase in the quarterly cash dividend from $0.60 per share to $0.75 per share.
Headline financials
Revenue & EPS history
Monolithic Power · Revenue · Quarterly
$337M
Revenue by segment
Monolithic Power · $240M total across 4 segments · Q4 2022
- Automotive$110M—45.8%
- Industrial$78.2M—32.5%
- Consumer$29.7M—12.3%
- Communications$22.4M—9.3%
Forward guidance
For the first quarter ending March 31, 2022, MPS projects revenue between $354.0 million and $366.0 million and GAAP gross margin between 57.4% and 58.0%.
Tailwinds
- Revenue in the range of $354.0 million to $366.0 million.
- GAAP gross margin between 57.4% and 58.0%.
- Non-GAAP gross margin between 57.7% and 58.3%, excluding stock-based compensation expenses.
- Interest income of $1.0 million to $1.4 million.
- Fully diluted shares outstanding between 47.8 million and 48.8 million.
Headwinds
- GAAP research and development and selling, general and administrative expenses between $119.2 million and $123.2 million.
- Non-GAAP R&D and SG&A expenses between $83.4 million and $85.4 million, excluding stock-based compensation expenses.
- Total stock-based compensation expense of $36.9 million to $38.9 million.
- Litigation expense of $2.3 million to $2.7 million.
- Potential impact of stock-based compensation expenses on gross margin and R&D and SG&A expenses.
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 Q4 2021
+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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