Monolithic Power Systems (Nasdaq: MPWR) reported earnings on April 29. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Monolithic Power Systems met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased slightly. Non-GAAP earnings per share stayed the same. GAAP earnings per share shrank.
Gross margins expanded, operating margins contracted, net margins contracted.
Revenue details
Monolithic Power Systems reported revenue of $51.5 million. The nine analysts polled by S&P Capital IQ looked for sales of $51.1 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
EPS came in at $0.17. The 10 earnings estimates compiled by S&P Capital IQ averaged $0.16 per share. Non-GAAP EPS of $0.17 were the same as the prior-year quarter. 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 may vary to maintain comparability with estimates.
Margin details
For the 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. (Margins calculated in GAAP terms.)
Looking ahead
Next quarter's average estimate for revenue is $56.8 million. On the bottom line, the average EPS estimate is $0.23.
Next year's average estimate for revenue is $233.6 million. The average EPS estimate is $1.00.
Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 130 members out of 144 rating the stock outperform, and 14 members rating it underperform. Among 28 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 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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