Data News > Monolithic Power Systems, Inc. (MPWR) Q2 2024 Financial Performance Overview
- Monolithic Power Systems, Inc. (MPWR) beat Q2 earnings and revenue estimates, with earnings of $3.17 per share
- The company forecasted third-quarter revenue above estimates, driven by demand for power control modules and AI hardware
- Monolithic Power Systems reported its Q2 results on August 1, 2024, and hosted a question-and-answer webinar
- The live event was held via a Zoom webcast, accessible at https://mpsic.zoom.us/j/97644523160
- Monolithic Power Systems is a global company that offers high-performance semiconductor-based power electronics solutions
Monolithic Power Systems, Inc. recently reported its financial results for the second quarter of 2024, showcasing a strong performance in both earnings and revenue. The company beat expectations with earnings of $3.17 per share, surpassing the Zacks Consensus Estimate of $3.07 per share and showing significant growth compared to $2.82 per share in the same period last year.
Furthermore, Monolithic Power Systems forecasted third-quarter revenue that exceeded estimates, attributing this success to the increasing demand for its power control modules and hardware used in artificial intelligence applications. This positive outlook resulted in a 7% increase in the company's shares following the announcement.
On August 1, 2024, Monolithic Power Systems hosted a question-and-answer webinar after the market closed to discuss its quarterly results. The live event, held through a Zoom webcast, provided an opportunity for investors and analysts to dive deeper into the company's financial performance and strategic initiatives.
Monolithic Power Systems, Inc., known for providing high-performance semiconductor-based power electronics solutions, continues to solidify its position in the market with its strong financial results and optimistic revenue forecast. The company's ability to beat earnings and revenue estimates, along with its focus on innovative technology solutions, sets a positive trajectory for its future growth and success in the industry.
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Monolithic Power Systems, Inc. (MPWR) Q2 2024 Financial Performance Overview
By KlickAnalytics Data Insights | August 1, 2024 08:08PM ET
Key Points
- Monolithic Power Systems, Inc. (MPWR) beat Q2 earnings and revenue estimates, with earnings of $3.17 per share
- The company forecasted third-quarter revenue above estimates, driven by demand for power control modules and AI hardware
- Monolithic Power Systems reported its Q2 results on August 1, 2024, and hosted a question-and-answer webinar
- The live event was held via a Zoom webcast, accessible at https://mpsic.zoom.us/j/97644523160
- Monolithic Power Systems is a global company that offers high-performance semiconductor-based power electronics solutions
Monolithic Power Systems, Inc. recently reported its financial results for the second quarter of 2024, showcasing a strong performance in both earnings and revenue. The company beat expectations with earnings of $3.17 per share, surpassing the Zacks Consensus Estimate of $3.07 per share and showing significant growth compared to $2.82 per share in the same period last year.
Furthermore, Monolithic Power Systems forecasted third-quarter revenue that exceeded estimates, attributing this success to the increasing demand for its power control modules and hardware used in artificial intelligence applications. This positive outlook resulted in a 7% increase in the company's shares following the announcement.
On August 1, 2024, Monolithic Power Systems hosted a question-and-answer webinar after the market closed to discuss its quarterly results. The live event, held through a Zoom webcast, provided an opportunity for investors and analysts to dive deeper into the company's financial performance and strategic initiatives.
Monolithic Power Systems, Inc., known for providing high-performance semiconductor-based power electronics solutions, continues to solidify its position in the market with its strong financial results and optimistic revenue forecast. The company's ability to beat earnings and revenue estimates, along with its focus on innovative technology solutions, sets a positive trajectory for its future growth and success in the industry.
For more information:
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