Monolithic Power Systems Q1 EPS Beats Estimates, Revenue Jumps 26%
Monolithic Power Systems posted first-quarter net income of $193.2 million, or $3.92 GAAP EPS and $5.10 non-GAAP EPS, surpassing analyst forecasts of $4.89. Revenue rose 26.1% year-over-year to $804.2 million and the company forecast Q2 revenue of $890 million to $910 million.
1. Q1 Financial Highlights
Monolithic Power Systems reported first-quarter net income of $193.2 million, delivering GAAP EPS of $3.92 and non-GAAP EPS of $5.10 on revenue of $804.2 million, representing year-over-year growth of 26.1% and a sequential increase of 7.1%.
2. End-Market Revenue Breakdown
By end market, Enterprise Data led with revenue of $262.8 million, up 97.7% year-over-year and 12.6% sequentially, while Communications revenue rose 55.5% year-over-year to $111.5 million, a 33.1% sequential jump; Storage & Computing, Automotive, Industrial and Consumer markets exhibited mixed results.
3. Q2 Guidance and Capacity Expansion
The company projected second-quarter revenue between $890 million and $910 million and reaffirmed plans to expand manufacturing capacity from a $4 billion target to $6 billion, citing strong project wins and ongoing sampling of DDR5 power solutions.