NASDAQ$MPWR

Monolithic Power Systems Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Monolithic Power Systems reported strong Q4 2024 results with revenue of $621.7 million, reflecting a 36.9% YoY increase. Adjusted EPS was $4.09, significantly higher than the prior year. The company benefited from higher demand across multiple segments, with notable growth in enterprise data and automotive markets.

Headline financials

Total Revenue

$622M

Previous: $454M+36.9%
EPS (adj)

$4.09

Previous: $2.88+42.0%
GAAP Gross Margin

55.4%

Previous: 55.3%+0.2%
Non-GAAP Gross Margin

55.8%

No prior period
Capital Expenditures

-$64.8M

Previous: $13.8M-569.4%
Net Income

$1.45B

Previous: $96.9M+1395.7%
Operating Income

$163M

Previous: $110M+49.0%
Gross Profit

$344M

Previous: $251M+37.2%
R&D Expense

$85.8M

No prior period

Revenue & EPS history

Monolithic Power · Revenue · Quarterly

$622M

Q4 2024+36.9%vs Q4 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Monolithic Power · $240M total across 4 segments · Q4 2022

  • Automotive
    $110M
  • Industrial
    $78.2M
  • Consumer
    $29.7M
  • Communications
    $22.4M

Forward guidance

MPS expects Q1 2025 revenue to be in the range of $610 million to $630 million, with a GAAP gross margin between 55.1% and 55.7%.

Tailwinds

  • Continued strength in enterprise and automotive segments.
  • Stable gross margin outlook with minimal fluctuation.
  • Projected revenue growth sustaining positive trends.
  • Stock-based compensation impact remains stable.
  • Consistent operating efficiency improvements.

Headwinds

  • Potential macroeconomic uncertainties affecting demand.
  • Stock-based compensation expenses remain significant.
  • Competition in semiconductor industry remains strong.
  • Consumer market weakness may impact overall revenue.
  • Foreign exchange volatility may affect profitability.

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 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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