Mon, Mar 3, 8:16 PM (55 days ago)
**Monolithic Power Systems, Inc. (MPWR) 2024 Financial Summary** Monolithic Power Systems, Inc. reported a robust financial performance for the fiscal year ended December 31, 2024, with total revenue of $2,207.1 million, a 21.2% increase from $1,821.1 million in 2023. The company's net income surged to $1,786.7 million, significantly up from $427.4 million in the previous year, primarily driven by a substantial tax benefit related to a new foreign tax incentive. Operating expenses rose to $681.5 million, reflecting investments in R&D and SG&A, which increased by 23.2% and 29.3%, respectively. Earnings per share (EPS) reached $36.76, compared to $8.98 in 2023. The company maintained a strong market position, with 94% of revenue derived from Asia, particularly benefiting from growth in the enterprise data sector, which saw a 121.8% revenue increase due to AI applications. Strategically, MPS focuses on expanding its product offerings and entering new markets. However, risks include geopolitical tensions, particularly in Asia, and reliance on major customers, which could impact future performance. The company also announced a new stock repurchase program of $500 million and increased its quarterly dividend to $1.56 per share. Overall, MPS is well-positioned for continued growth amidst a competitive semiconductor landscape.