Needham & Company Reiterates Buy on Monolithic Power Systems (MPWR) Following 3Q Beat
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Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2016
October 31, 2016 4:01 PM EDTSAN JOSE, Calif., Oct. 31, 2016 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high performance power solutions, today announced financial results for the quarter and nine months ended September 30, 2016.
The results for the quarter ended September 30, 2016 are as follows:
Revenue was $106.5 million, a 13.2% increase from $94.1 million in the second quarter of 2016 and a 16.7% increase from $91.2 million in the third quarter of 2015.GAAP gross margin was 54.4%, compared with 54.2% in the third quarter of 2015.Non-GAAP gross margin(1) was 55.3%, excluding the impact of $0.4 million for stock-based... More