The company said revenue for the quarter ended March 31, 2024 was $457.9 million, up 1.5% from $451.1 million a year earlier, and GAAP gross margin was 55.1% compared with 57.4% a year earlier.

1. 01

   The company said revenue for the quarter ended March 31, 2024 was $457.9 million, up 1.5% from $451.1 million a year earlier, and GAAP gross margin was 55.1% compared with 57.4% a year earlier.

2. 02

   Monolithic Power Systems said GAAP net income for Q1 was $92.5 million ($1.89 per diluted share), compared with $109.8 million ($2.26) a year earlier, and non-GAAP net income was $137.5 million ($2.81), compared with $146.0 million ($3.00) a year earlier.

3. 03

   The company said Enterprise Data revenue for Q1 rose to $149,727 thousand from $47,163 thousand a year earlier, and Automotive revenue was $87,092 thousand, compared with $105,342 thousand a year earlier.

4. 04

   The company set second-quarter revenue guidance of $480.0 million to $500.0 million and GAAP gross margin of 55.1% to 55.7% for the quarter ending June 30, 2024, Q2.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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