The company said revenue for fiscal 2023 rose to $1,821.1 million from $1,794.1 million a year earlier, an increase of $27.0 million (1.5%). It said higher average selling prices, driven mainly by product mix, were partly offset by lower shipment volume.

1. 01

   The company said revenue for fiscal 2023 rose to $1,821.1 million from $1,794.1 million a year earlier, an increase of $27.0 million (1.5%). It said higher average selling prices, driven mainly by product mix, were partly offset by lower shipment volume.

2. 02

   MPS said its gross margin for fiscal 2023 was 56.1%, down from 58.4% a year earlier. It cited product mix as the main factor, partly offset by lower inventory write-downs and warranty expenses.

3. 03

   Monolithic Power Systems said operating cash flow for fiscal 2023 increased $391.5 million from the prior year. It also reported cash and cash equivalents of $527.8 million and short-term investments of $580.6 million as of December 31, 2023.

4. 04

   The company said its Board approved a common stock repurchase authorization of up to $640.0 million through October 29, 2026 on October 2023. It repurchased $3.7 million during fiscal 2023, leaving $636.3 million available as of December 31, 2023.

Key figures

Fiscal year ended December 31, 2023

Revenue

$1.8B

Operating income

$482M

Net income

$427M

EPS

$8.76

Gross profit

$1.0B

Operating cash flow

$638M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.