Monolithic Power Systems, Inc. (MPWR) has reported an impressive increase in its fourth-quarter earnings, surpassing the expectations set by market analysts. The company achieved a net income of $1.449 billion, translating to $29.88 per share, up from $96.9 million, or $1.98 per share, recorded in the same period last year.
When excluding certain items, Monolithic Power Systems posted an adjusted profit of $198.4 million, equivalent to $4.09 per share. This performance exceeded the analysts' consensus estimate, which predicted earnings of $3.98 per share, typically excluding extraordinary items.
Moreover, the company's revenue saw a significant rise, escalating by 36.9% to reach $621.7 million, compared to $454.0 million in the previous year.
To provide a snapshot of Monolithic Power Systems' financial performance under Generally Accepted Accounting Principles (GAAP):
- Earnings: $1.449 billion vs. $96.9 million last year.
- Earnings Per Share (EPS): $29.88 vs. $1.98 last year.
- Revenue: $621.7 million vs. $454.0 million last year.
Looking ahead, the company has provided revenue guidance for the upcoming quarter, projecting revenue between $610.0 million and $630.0 million.
The substantial increase in net income for the quarter includes a $1.3 billion recognition of a tax benefit linked to a foreign subsidiary.
