Monolithic Power Systems achieved record Q3 2024 revenue of $620.1 million, up 30.6% year-over-year and 22.2% quarter-over-quarter. GAAP net income rose 19.2% YoY to $144.4 million, with EPS of $2.95. Non-GAAP net income increased 32.3% YoY to $198.8 million, with EPS of $4.06.Revenue growth was driven by strong performance across most end markets. Enterprise Data revenue surged 86.4% YoY, while Communications revenue jumped 53.6% YoY. Automotive revenue grew 17.0% YoY, with strength across all areas including infotainment, lighting, ADAS, and body control.For Q4 2024, MPS forecasts revenue between $600 million and $620 million, with GAAP gross margin of 55.2% to 55.8% and non-GAAP gross margin of 55.5% to 56.1%. The company continues to focus on innovation, customer solutions, and expanding its global supply chain to capture future growth and maintain supply stability.

Monolithic Power Systems achieved record Q3 2024 revenue of $620.1 million, up 30.6% year-over-year and 22.2% quarter-over-quarter. GAAP net income rose 19.2% YoY to $144.4 million, with EPS of $2.95. Non-GAAP net income increased 32.3% YoY to $198.8 million, with EPS of $4.06.Revenue growth was driven by strong performance across most end markets. Enterprise Data revenue surged 86.4% YoY, while Communications revenue jumped 53.6% YoY. Automotive revenue grew 17.0% YoY, with strength across all areas including infotainment, lighting, ADAS, and body control.For Q4 2024, MPS forecasts revenue between $600 million and $620 million, with GAAP gross margin of 55.2% to 55.8% and non-GAAP gross margin of 55.5% to 56.1%. The company continues to focus on innovation, customer solutions, and expanding its global supply chain to capture future growth and maintain supply stability.