Monolithic Power Systems (MPWR) Tops Q1 EPS by 1c, Revenues Beat; Offers 2Q Revenue Guidance Above Consensus
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Monolithic Power Systems Announces Results for the First Quarter Ended March 31, 2020
April 28, 2020 4:01 PM EDTKIRKLAND, Wash., April 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 March 31, 2020.Â
Revenue was $165.8 million for the quarter ended March 31, 2020, a 0.6% decrease from $166.7 million for the quarter ended December 31, 2019 and a 17.3% increase from $141.4 million for the quarter ended March 31, 2019.GAAP gross margin was 55.2% for the quarter ended March 31, 2020, compared with 55.2% for the quarter ended March 31, 2019.Non-GAAP (1) gross margin was 55.5% for the quarter ended March 31, 2020, excluding the impact of $0.6 million for stock-based compensation... More