Monolithic Power Systems reported robust financial results for the fourth quarter of 2024 on February 6, 2025, with revenue reaching $621.7 million, marking a 36.9% increase year-over-year. This figure surpassed Wall Street's expectations of $610.5 million.
The company's non-GAAP diluted earnings per share (EPS) for the quarter stood at $4.09, exceeding analysts' consensus estimates of $4.01 per share. This strong performance was driven by significant growth in key market segments.
Growth was notably led by a 51.2% surge in Enterprise Data sales and a 43% increase in Automotive revenue, reflecting strong demand for AI-related power management and advanced driver assistance systems. For the first quarter of 2025, Monolithic Power Systems provided optimistic revenue guidance, projecting $620 million at the midpoint, which is 6.5% above analysts' expectations.
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