MONOLITHIC POWER SYSTEMS Reports Earnings Results for 2nd Quarter of FY2023
August 11, 2023
🌥️Earnings Overview
On July 31 2023, MONOLITHIC POWER SYSTEMS ($NASDAQ:MPWR) revealed their earnings results for the second quarter of FY2023, which ended on June 30 2023. Revenue for the quarter totaled USD 441.1 million, representing a decrease of 4.3% compared to the same period in the previous year. Net income dropped 13.2% year over year to USD 99.5 million.
Share Price
The stock opened at $546.7 and closed at $559.5, up 2.6% from the prior closing price of $545.6. The company attributed this growth to the sales of its new line of power systems products and the continued success of its existing product portfolio. This growth was due to strong demand for MONOLITHIC POWER SYSTEMS’ products in the automotive, consumer electronics, industrial, and medical markets.
Despite the challenging economic climate, MONOLITHIC POWER SYSTEMS was able to produce strong results with their wide range of products and services. The company is confident that its current strategy will continue to drive growth for the remainder of FY2023 and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MPWR. More…
| Total Revenues | Net Income | Net Margin |
| 1.85k | 452.73 | 24.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MPWR. More…
| Operations | Investing | Financing |
| 358.06 | -12.51 | -128.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MPWR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.22k | 381.53 | 38.63 |
Key Ratios Snapshot
Some of the financial key ratios for MPWR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 39.0% | 61.6% | 28.7% |
| FCF Margin | ROE | ROA |
| 17.2% | 18.3% | 14.9% |
Analysis
If you’re looking to analyze the fundamentals of MONOLITHIC POWER SYSTEMS, then GoodWhale is a great place to start. We offer a comprehensive Risk Rating that takes both the financial and business aspects into consideration in order to determine the risk of investing in a particular company. After our analysis, we have determined that MONOLITHIC POWER SYSTEMS is a medium risk investment. However, that doesn’t mean you should take our word for it. GoodWhale has detected 2 risk warnings in the balance sheet, so if you’re a registered user, you can dive deeper into these issues to determine for yourself whether or not MONOLITHIC POWER SYSTEMS is the right investment for you. More…
Peers
The company’s products are used in a variety of applications, including automotive, industrial, consumer, and communications. Monolithic Power Systems Inc’s primary competitors are NXP Semiconductors NV, ON Semiconductor Corp, and Texas Instruments Inc.
– NXP Semiconductors NV ($NASDAQ:NXPI)
NXP Semiconductors NV is a Dutch semiconductor manufacturer headquartered in Eindhoven, Netherlands. The company employs approximately 31,000 people in over 35 countries and has manufacturing, design, and research facilities in Europe, the United States, and Asia. NXP Semiconductors NV is a leading provider of automotive semiconductor solutions. The company’s products are used in a wide range of automotive applications, including infotainment, body electronics, powertrain, and safety. NXP Semiconductors NV also offers a broad portfolio of general purpose semiconductor solutions, including microcontrollers, digital signal processors, and memories.
– ON Semiconductor Corp ($NASDAQ:ON)
NXP Semiconductor Corp is a global semiconductor company that designs, manufactures and markets a wide range of semiconductor products. The company’s products are used in a variety of electronic devices and systems, including mobile phones, computers, digital consumer products, automotive electronics, industrial automation and control, and aerospace and defense. NXP Semiconductor Corp has a market cap of 26.65B as of 2022, a Return on Equity of 34.96%. The company’s products are used in a variety of electronic devices and systems, including mobile phones, computers, digital consumer products, automotive electronics, industrial automation and control, and aerospace and defense.
– Texas Instruments Inc ($NASDAQ:TXN)
Texas Instruments Inc has a market cap of 140.46B as of 2022, a Return on Equity of 62.22%. The company is a leading semiconductor manufacturer and its products are used in a wide range of electronics, from mobile phones to industrial equipment. TI’s chips can be found in everything from calculators and cars to the latest smartphones and gaming consoles. The company has a strong history of innovation and is one of the key players in the development of new semiconductor technologies.
Summary
MONOLITHIC POWER SYSTEMS had a challenging second quarter of FY2023, with total revenue of USD 441.1 million, representing a 4.3% decline year over year. Net income was USD 99.5 million, a decrease of 13.2%. Investors should be cautious when considering MONOLITHIC POWER SYSTEMS as an investment in the current market.
It is important to consider the company’s competitive landscape, performance relative to peers, and overall financial health before making any decisions. Analysts should watch developments closely to determine whether or not the company is capable of recovering from this downturn.
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