MPWR Stock Recent News

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.

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.