Monolithic Power Systems (NASDAQ:MPWR) Q4: Beats On Revenue, Stock Jumps 17.5%
Power management chips maker Monolithic Power Systems (NASDAQ:MPWR) reported revenue ahead of Wall Street’s expectations in Q4 CY2024, with sales up 36.9% year on year to $621.7 million. On top of that, next quarter’s revenue guidance ($620 million at the midpoint) was surprisingly good and 6.5% above what analysts were expecting. Its non-GAAP profit of $4.09 per share was 2.9% above analysts’ consensus estimates.