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Monolithic Power Systems | 10-Q: Q2 2024 Earnings Report

Monolithic Power Systems | 10-Q: Q2 2024 Earnings Report

Monolithic Power Systems | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/02 16:06

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Monolithic Power Systems reported Q2 2024 revenue of $507.4 million, up 15% year-over-year, driven by robust demand for AI power management solutions. Net income reached $100.4 million with a gross margin of 55.3%. Enterprise data revenue surged 290% to $187.2 million, representing 36.9% of total sales, while automotive revenue declined 16.5% to $87.2 million.Research and development expenses increased 22.4% to $77.9 million as the company continued investing in new product development and engineering talent. Operating income remained stable at $116.5 million despite higher operating expenses, while the effective tax rate was 19.1%. The company maintained a strong balance sheet with $1.31 billion in cash and investments.Looking ahead, MPS remains focused on expanding its AI infrastructure presence while navigating challenging macroeconomic conditions. The company declared a quarterly dividend of $1.25 per share and repurchased $4.5 million of stock during the quarter. Management highlighted ongoing efforts to secure manufacturing capacity through long-term supply agreements and facility investments.
Monolithic Power Systems reported Q2 2024 revenue of $507.4 million, up 15% year-over-year, driven by robust demand for AI power management solutions. Net income reached $100.4 million with a gross margin of 55.3%. Enterprise data revenue surged 290% to $187.2 million, representing 36.9% of total sales, while automotive revenue declined 16.5% to $87.2 million.Research and development expenses increased 22.4% to $77.9 million as the company continued investing in new product development and engineering talent. Operating income remained stable at $116.5 million despite higher operating expenses, while the effective tax rate was 19.1%. The company maintained a strong balance sheet with $1.31 billion in cash and investments.Looking ahead, MPS remains focused on expanding its AI infrastructure presence while navigating challenging macroeconomic conditions. The company declared a quarterly dividend of $1.25 per share and repurchased $4.5 million of stock during the quarter. Management highlighted ongoing efforts to secure manufacturing capacity through long-term supply agreements and facility investments.
Monolithic Power Systems报告2024年第二季度营业收入为50740万美元,同比增长15%,主要受人工智能电源管理解决方案强劲需求的推动。净利润达到了10040万美元,毛利率为55.3%。企业数据营业收入激增290%,达到18720万美元,占总销售额的36.9%,而汽车营业收入下降16.5%,为8720万美元。研究与开发费用增加22.4%,达到7790万美元,因为公司继续投资于新产品开发和工程人才。尽管营业费用上升,营业收入保持稳定,为11650万美元,实际税率为19.1%。公司维持强劲的资产负债表,现金和投资总额为13.1亿。展望未来,Monolithic Power Systems仍然专注于扩大其人工智能基础设施的布局,同时应对严峻的宏观经济环境。公司宣布每股季度股息为1.25美元,并在本季度回购了450万美元的股票。管理层强调持续努力通过长期供应协议和设施投资来确保制造能力。
Monolithic Power Systems报告2024年第二季度营业收入为50740万美元,同比增长15%,主要受人工智能电源管理解决方案强劲需求的推动。净利润达到了10040万美元,毛利率为55.3%。企业数据营业收入激增290%,达到18720万美元,占总销售额的36.9%,而汽车营业收入下降16.5%,为8720万美元。研究与开发费用增加22.4%,达到7790万美元,因为公司继续投资于新产品开发和工程人才。尽管营业费用上升,营业收入保持稳定,为11650万美元,实际税率为19.1%。公司维持强劲的资产负债表,现金和投资总额为13.1亿。展望未来,Monolithic Power Systems仍然专注于扩大其人工智能基础设施的布局,同时应对严峻的宏观经济环境。公司宣布每股季度股息为1.25美元,并在本季度回购了450万美元的股票。管理层强调持续努力通过长期供应协议和设施投资来确保制造能力。
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