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RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands) | |||||||
| Three Months Ending | |||||||
| June 30, 2024 | |||||||
| Low | High | ||||||
| Operating expenses | $ | 147,900 | $ | 151,900 | |||
| Adjustments to reconcile operating expenses to non-GAAP operating expenses: | |||||||
| Stock-based compensation and related expenses | (41,800 | ) | (43,800 | ) | |||
| Non-GAAP operating expenses | $ | 106,100 | $ | 108,100 | |||
Monolithic Power Systems
Q1’24 Earnings Commentary
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Monolithic Power Systems to Report First Quarter Results on May 1, 2024
MPS will report its results after the market closes on May 1, 2024 and host a question-and-answer conference call at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/95055935379. |
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Q1 2024 Financial Summary
| (Unaudited) | |||||
| GAAP | ||||||
| Q1'24 | Q4'23 | Q1'23 | QoQ Change | YoY Change | ||
| Revenue ($k) | $457,885 | $454,012 | $451,065 | Up 0.9% | Up 1.5% | |
| Gross Margin | 55.1% | 55.3% | 57.4% | Down 0.2 pts | Down 2.3 pts | |
| Opex ($k) | $156,954 | $141,554 | $134,504 | Up 10.9% | Up 16.7% | |
| Operating Margin | 20.9% | 24.1% | 27.6% | Down 3.2 pts | Down 6.7 pts | |
| Net income ($k) | $92,541 | $96,905 | $109,802 | Down 4.5% | Down 15.7% | |
| Diluted EPS | $1.89 | $1.98 | $2.26 | Down 4.5% | Down 16.4% | |
