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Monolithic Power Systems forecast third-quarter revenue above estimates on Thursday, benefiting from robust demand for its power control modules and hardware employed in artificial intelligence applications, sending its shares up 7%.
KIRKLAND, Wash., Aug. 01, 2024 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on August 1, 2024 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/97644523160.
KIRKLAND, Wash., Aug. 01, 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 financial results for the quarter ended June 30, 2024.
Evaluate the expected performance of Monolithic (MPWR) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Monolithic Power's (MPWR) Q2 results are likely to report a top-line expansion year over year, driven by healthy demand in the Enterprise Data segment. Effort to diversify supply chain is a tailwind.
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KIRKLAND, Wash., July 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 second quarter ended June 30, 2024.
We remain buy-rated on Monolithic Power Systems, Inc. in 2H24 and 2025. Our positive thesis of AI-related tailwinds offsetting lackluster demand from other business lines remains in play into 2025. We're not too bothered by the higher multiple, as we believe MPWR is uniquely positioned to match growth expectations that the market is pricing in.
Monolithic Power has been a long-time market-beating investment. Its business model has helped it excel, and the rise in data centers' power needs has been a quick add-on to Monolithic's leading power chip portfolio.
Stock split mania has hit the market. Chipotle (NYSE: CMG) just completed its 50:1 stock splits and AI leaders NVIDIA (Nasdaq: NVDA) and Broadcom (Nasdaq: AVGO) followed with their own split announcements that saw a positive reaction from investors.