Monolithic Power Systems (NASDAQ: MPWR) reported Q3 EPS of $3.08, $0.02 better than the analyst estimate of $3.06. Revenue for the quarter came in at $474.9 million versus the consensus estimate of $474.12 million.

Business Outlook

The following are MPS’s financial targets for the fourth quarter ending December 31, 2023:

● Revenue in the range of $442.0 million to $462.0 million.

● GAAP gross margin between 55.2% and 55.8%. Non-GAAP gross margin (1) between 55.4% and 56.0%, which excludes an estimated impact of stock-based compensation expenses of 0.2%.

● GAAP operating expenses, between $127.1 million and $131.1 million. Non-GAAP operating expenses (1) between $95.9 million and $97.9 million, which excludes estimated stock-based compensation expenses in the range of $31.2 million to $33.2 million.

● Total stock-based compensation expenses of $32.2 million to $34.2 million.

● Interest and other income of $4.1 million to $4.5 million.

● Fully diluted shares outstanding between 48.7 million and 49.1 million.

For earnings history and earnings-related data on Monolithic Power Systems (MPWR) click here.