MPWR Stock Recent News

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.

Chip firm Monolithic Power's strong earnings and guidance found a welcome reception on Wall Street.

Monolithic Power Systems beat on both top and bottom lines last night. Profit margins are still shrinking, and so are sales.

Backed by healthy demand trends in Automotive and Enterprise verticals, Monolithic Power (MPWR) posts solid fourth-quarter earnings.

Monolithic Power Systems, Inc. (MPWR) Q4 2023 Earnings Call Transcript

Although the revenue and EPS for Monolithic (MPWR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Monolithic Power (MPWR) came out with quarterly earnings of $2.88 per share, beating the Zacks Consensus Estimate of $2.85 per share. This compares to earnings of $3.17 per share a year ago.

Monolithic Power Systems forecast current-quarter revenue above estimates as demand for its power control modules and other hardware used in artificial intelligence applications grew.

Monolithic Power (MPWR) is expected to report lower revenues year over year in the fourth quarter of 2023 due to demand softness in several business verticals and macroeconomic challenges.