Monolithic Power Systems (MPWR) Tops Q2 EPS by 8c, Revs Beat; Guides Q3 Revs Above View

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Go back to Monolithic Power Systems (MPWR) Tops Q2 EPS by 8c, Revs Beat; Guides Q3 Revs Above View

Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2020

July 28, 2020 4:01 PM EDT

KIRKLAND, Wash., July 28, 2020 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a leading company in high performance analog solutions, today announced financial results for the quarter ended June 30, 2020.

Revenue was $186.2 million for the quarter ended June 30, 2020, a 12.3% increase from $165.8 million for the quarter ended March 31, 2020 and a 23.3% increase from $151.0 million for the quarter ended June 30, 2019.GAAP gross margin was 55.1% for the quarter ended June 30, 2020, compared with 55.1% for the quarter ended June 30, 2019.Non-GAAP (1) gross margin was 55.7% for the quarter... More