MPWR Stock Recent News

Despite weakness in multiple end markets, Monolithic (MPWR) reports top-line growth year over year in the first quarter of 2024, backed by solid demand in the Enterprise Data vertical.

Monolithic Power Systems, Inc. (NASDAQ:MPWR ) Q1 2024 Earnings Conference Call May 1, 2024 5:00 PM ET Company Participants Genevieve Cunningham - Senior Manager, Marketing Communications Michael Hsing - Chief Executive Officer and Founder Bernie Blegen - Executive Vice President and Chief Financial Officer Tony Balow - Vice President of Finance Conference Call Participants Tore Svanberg - Stifel Nicolaus Quinn Bolton - Needham & Company Rick Schafer - Oppenheimer Ross Seymore - Deutsche Bank William Stein - Truist Financial Matt Ramsay - Cowen Gary Mobley - Wells Fargo Melissa Fairbanks - Raymond James Operator Genevieve Cunningham Welcome everyone to the MPS First Quarter 2024 Earnings Webinar. My name is Genevieve Cunningham, and I will be the moderator for this webinar.

The headline numbers for Monolithic (MPWR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Monolithic Power (MPWR) came out with quarterly earnings of $2.81 per share, beating the Zacks Consensus Estimate of $2.66 per share. This compares to earnings of $3 per share a year ago.

Here, we take a sneak peek at four semiconductor stocks due to report first-quarter earnings on May 1.

Monolithic Power (MPWR) is expected to report a top-line contraction year over year in the first quarter of 2024, owing to soft demand trends in several verticals and macroeconomic headwinds.

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Monolithic (MPWR), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended March 2024.

KIRKLAND, Wash., April 15, 2024 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless global company that provides high-performance, semiconductor-based power electronics solutions, today announced plans to report its financial results for the first quarter ended March 31, 2024.

In the most recent trading session, Monolithic Power (MPWR) closed at $682.15, indicating a +0.12% shift from the previous trading day.

Monolithic Power Systems earning results, particularly its enterprise data segment growth, leads me to believe that AI is MPS' get out of jail free card amid industry downturn and correction. MPS' unique AI position in its partnership with Nvidia should help offset end demand weakness in its other segments that are weighing on the peer group. MPS' stock has outperformed the S&P 500 by roughly 37% over the past six months, and I expect this upward trend to continue into 2H24.