Monolithic Power Systems (MPWR) Tops Q1 EPS by 2c; Guides Q2 Revenue Below Views
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Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2023
May 4, 2023 4:01 PM EDTKIRKLAND, Wash., May 04, 2023 (GLOBE NEWSWIRE) -- Monolithic Power Systems, Inc. (MPS) (Nasdaq: MPWR), a fabless company with a global footprint that provides high-performance, semiconductor-based power electronic solutions, today announced financial results for the quarter ended March 31, 2023.
Revenue was $451.1Â million for the quarter ended March 31, 2023, a 1.9% decrease from $460.0 million for the quarter ended December 31, 2022 and a 19.4% increase from $377.7Â million for the quarter ended March 31, 2022.GAAP gross margin was 57.4% for the quarter ended March 31, 2023, compared with 57.9% for the quarter ended March 31,... More