Monolithic Power Systems (Nasdaq: MPWR) is expected to report Q2 earnings around Aug. 6. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Monolithic Power Systems's revenues will wane -1.8% and EPS will wane -17.9%.

The average estimate for revenue is $57.5 million. On the bottom line, the average EPS estimate is $0.23.

Revenue details
 Last quarter, Monolithic Power Systems recorded revenue of $51.5 million. GAAP reported sales were 2.0% higher than the prior-year quarter's $50.5 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

EPS details
 Last quarter, non-GAAP EPS came in at $0.17. GAAP EPS of $0.07 for Q1 were 13% lower than the prior-year quarter's $0.08 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures are normalized by S&P Capital IQ and may vary to maintain comparability with normalized estimates.

Recent performance
 For the preceding quarter, gross margin was 53.2%, 90 basis points better than the prior-year quarter. Operating margin was 3.9%, 270 basis points worse than the prior-year quarter. Net margin was 4.9%, 100 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $236.6 million. The average EPS estimate is $1.01.

Investor sentiment
 The stock has a two-star rating (out of five) at Motley Fool CAPS, with 129 members out of 143 rating the stock outperform, and 14 members rating it underperform. Among 37 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 34 give Monolithic Power Systems a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Monolithic Power Systems is outperform, with an average price target of $26.11.

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