Monolithic Power Systems (MPWR) Tops Q1 EPS by 1c
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Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2016
May 2, 2016 4:01 PM EDTSAN JOSE, Calif., May 2, 2016 /PRNewswire/ -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high performance power solutions, today announced financial results for the quarter ended March 31, 2016.
Revenue was $84.5 million, a 2.8% decrease from $86.9 million in the fourth quarter of 2015 and a 14.9% increase from $73.5 million in the first quarter of 2015. GAAP gross margin was 53.9% compared with 54.0% in the first quarter of 2015. Non-GAAP gross margin(1) was 55.0%, excluding the impact of $0.4 million for stock-based compensation expense and $0.5 million for the amortization of acquisition-related intangible assets, compared... More