Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2020
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Monolithic Power Systems (MPWR) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
April 28, 2020 4:32 PM EDTMonolithic Power Systems (NASDAQ: MPWR) reported Q1 EPS of $0.95, $0.01 better than the analyst estimate of $0.94. Revenue for the quarter came in at $165.8 million versus the consensus estimate of $161.15 million.
Revenue was $165.8 million for the quarter ended March 31, 2020, a 0.6% decrease from $166.7 million for the quarter ended December 31, 2019 and a 17.3% increase from $141.4 million for the quarter ended March 31, 2019.GAAP gross margin was 55.2% for the quarter ended March 31, 2020, compared with 55.2% for the quarter ended March 31, 2019.Non-GAAP (1) gross margin was 55.5% for the quarter ended March 31, 2020, excluding the impact of $0.6 million for stock-based compensation expense and $0.1... More