The company said revenue for the 3 months ended September 30, 2024 was $620.1 million, up $145.2 million (30.6%) from $474.9 million a year earlier. It cited higher shipment volume as the driver of the revenue increase.

10-QQuarterly reportFiled Nov 6, 2024Period of report Sep 30, 2024Summary published (UTC) Oct 23, 2026

Key points

AI summary

The company said revenue for the 3 months ended September 30, 2024 was $620.1 million, up $145.2 million (30.6%) from $474.9 million a year earlier. It cited higher shipment volume as the driver of the revenue increase.
Monolithic Power Systems said revenue from the enterprise data market rose $85.5 million (86.4%) year over year in Q3, and $327.3 million (168.6%) over the 9 months cumulatively. It cited higher sales of power management solutions for AI applications as the driver in both periods.
The company said gross margin for Q3 2024 was 55.4%, compared with 55.5% a year earlier. It cited an increase in inventory write-downs as a percentage of revenue as the factor behind the decline, partly offset by a lower share of warranty expenses and product mix.
The company said that as of September 30, 2024, its cash and cash equivalents of $700.3 million and short-term investments of $762.0 million, for a total of $1,462.4 million, together with cash from operations, are sufficient to meet its liquidity requirements for the next 12 months and beyond.

Key figures

Quarter ended September 30, 2024

Revenue: $620M
Operating income: $164M
Net income: $144M
EPS: $2.95
Gross profit: $343M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

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.

Q3 2024 Revenue $620.1 million

The company said revenue for the 3 months ended September 30, 2024 was $620.1 million, up $145.2 million (30.6%) from $474.9 million a year earlier. It cited higher shipment volume as the driver of the revenue increase.

Source · Based on the MD&A text of the filing

Enterprise Data Market Revenue Rises

Monolithic Power Systems said revenue from the enterprise data market rose $85.5 million (86.4%) year over year in Q3, and $327.3 million (168.6%) over the 9 months cumulatively. It cited higher sales of power management solutions for AI applications as the driver in both periods.

Source · Based on the MD&A text of the filing

Q3 Gross Margin 55.4%

The company said gross margin for Q3 2024 was 55.4%, compared with 55.5% a year earlier. It cited an increase in inventory write-downs as a percentage of revenue as the factor behind the decline, partly offset by a lower share of warranty expenses and product mix.

Source · Based on the MD&A text of the filing

September 30, 2024 Cash and Short-Term Investments

The company said that as of September 30, 2024, its cash and cash equivalents of $700.3 million and short-term investments of $762.0 million, for a total of $1,462.4 million, together with cash from operations, are sufficient to meet its liquidity requirements for the next 12 months and beyond.

Source · Based on the MD&A text of the filing

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.

View the original filing on SEC EDGAR ↗

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