Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2019

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Go back to Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2019

Monolithic Power Systems (MPWR) Tops Q3 EPS by 2c, Revenues Beat

October 22, 2019 4:03 PM EDT

Monolithic Power Systems (NASDAQ: MPWR) reported Q3 EPS of $1.08, $0.02 better than the analyst estimate of $1.06. Revenue for the quarter came in at $168 million versus the consensus estimate of $165 million.

The financial results for the quarter ended September 30, 2019 are as follows:

Revenue was $168.8 million for the quarter ended September 30, 2019, an 11.8% increase from $151.0 million for the quarter ended June 30, 2019 and a 5.5% increase from $160.0 million for the quarter ended September 30, 2018.GAAP gross margin was 55.2% for the quarter ended September 30, 2019, compared with 55.6% for the quarter ended September 30, 2018.Non-GAAP (1) gross margin was 55.6% for the quarter ended... More