Monolithic Power Systems (MPWR) Tops Q3 EPS by 1c

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Go back to Monolithic Power Systems (MPWR) Tops Q3 EPS by 1c

Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2020

October 29, 2020 4:01 PM EDT

KIRKLAND, Wash., Oct. 29, 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 September 30, 2020. 

Revenue was $259.4 million for the quarter ended September 30, 2020, a 39.3% increase from $186.2 million for the quarter ended June 30, 2020 and a 53.7% increase from $168.8 million for the quarter ended September 30, 2019.GAAP gross margin was 55.1% for the quarter ended September 30, 2020, compared with 55.2% for the quarter ended September 30, 2019.Non-GAAP (1) gross margin was 55.5% for the quarter ended September 30, 2020, excluding the impact of $0.7 million for stock-based... More