MONOLITHIC POWER SYSTEMS INC
For the period ended Jun 30, 2024. Filed Aug 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 2, 2024
MPWR$1,357.60-2.2%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per-share amounts)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $507,431 | $441,128 | $965,316 | $892,193 |
| Cost of revenue | 226,853 | 193,453 | 432,297 | 385,738 |
| Gross profit | 280,578 | 247,675 | 533,019 | 506,455 |
| Operating expenses: | ||||
| Research and development | 77,945 | 63,688 | 153,935 | 127,397 |
| Selling, general and administrative | 86,097 | 71,662 | 167,061 | 142,457 |
| Total operating expenses | 164,042 | 135,350 | 320,996 | 269,854 |
| Operating income | 116,536 | 112,325 | 212,023 | 236,601 |
| Other income, net | 7,512 | 6,543 | 17,052 | 11,840 |
| Income before income taxes | 124,048 | 118,868 | 229,075 | 248,441 |
| Income tax expense | 23,682 | 19,364 | 36,168 | 39,135 |
| Net income | $100,366 | $99,504 | $192,907 | $209,306 |
| Net income per share: | ||||
| Basic | $2.06 | $2.10 | $3.96 | $4.42 |
| Diluted | $2.05 | $2.04 | $3.94 | $4.30 |
| Weighted-average shares outstanding: | ||||
| Basic | 48,687 | 47,489 | 48,660 | 47,361 |
| Diluted | 48,945 | 48,756 | 48,935 | 48,705 |
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