Monolithic Power Systems, Inc.


SKU: MPWR Category:


Monolithic Power Systems delivered an all-around beat in the previous quarter, achieving third-quarter revenue of $474.9 million, signifying a 7.6% increase from the previous quarter of 2023. Enterprise data and storage and computing sectors witnessed sequential growth, while automotive, industrial, and communications revenue experienced a decline compared to the second quarter of 2023. Within the enterprise data market, MPS reported a noteworthy increase in third-quarter revenue, reaching $98.9 million, a remarkable 106.2% surge from the second quarter of 2023. Storage and computing revenue rose to $129.5 million, reflecting a 3.9% increase from the second quarter of 2023, driven by elevated sales in commercial notebooks. Consumer revenue in the third quarter decreased to $62.4 million primarily due to TV and home appliance sales declines. Communications revenue also declined by 5.1%. Automotive revenue also decreased due to lower sales in ADAS and digital cockpit segments. Despite challenging market conditions with oscillating customer ordering patterns, MPS emphasized the stability of its business fundamentals. The company’s design win pipeline and customer base have expanded significantly, particularly among Tier 1 accounts, positioning MPS well for future growth.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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