Monolithic Power Systems, Inc. (MPWR)
After hours:
- StockStory
Why Is Monolithic Power Systems (MPWR) Stock Soaring Today
Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR) jumped 9.3% in the afternoon session after the company reported first quarter results which blew past analysts' EPS expectations. Next quarter's revenue guidance also came in higher than Wall Street's estimates, as the company observed "consistently upward ordering patterns." Notably, demand for AI servers was strong, growing over 200% year on year, and driving roughly a third of revenues. The strong performance in the
- Insider Monkey
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2024 Earnings Call Transcript
Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2024 Earnings Call Transcript May 1, 2024 Monolithic Power Systems, Inc. beats earnings expectations. Reported EPS is $2.81, expectations were $2.66. MPWR isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Genevieve Cunningham: Welcome everyone […]
- Zacks
Monolithic Power (MPWR) Q1 Earnings Beat on Higher Revenues
Despite weakness in multiple end markets, Monolithic (MPWR) reports top-line growth year over year in the first quarter of 2024, backed by solid demand in the Enterprise Data vertical.
