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Monolithic Power Systems | 10-Q: Q3 2024 Earnings Report

Monolithic Power Systems | 10-Q: Q3 2024 Earnings Report

Monolithic Power Systems | 10-Q:2024财年三季报
美股SEC公告 ·  2024/11/07 05:10

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Monolithic Power Systems reported robust Q3 2024 financial results, with revenue increasing 30.6% year-over-year to $620.1 million, driven by strong demand for AI power management solutions. Net income rose to $144.4 million, representing a 19.2% increase from $121.2 million in Q3 2023. Gross margin remained stable at 55.4%, while operating income grew to $164 million.Enterprise data segment revenue surged 86.4% to $184.5 million, primarily due to higher sales of power management solutions for AI applications. The storage and computing market increased 11.2% to $144 million, while automotive revenue grew 17% to $111.3 million on stronger advanced driver assistance systems demand. The communications segment saw a 53.6% increase to $71.9 million.Looking ahead, the company maintains a strong financial position with $1.46 billion in cash and investments as of September 30, 2024. The Board of Directors declared a quarterly dividend of $1.25 per share, reflecting confidence in the company's financial strength. Management continues to focus on expanding AI-related offerings while addressing the previously identified material weakness in inventory control processes.
Monolithic Power Systems reported robust Q3 2024 financial results, with revenue increasing 30.6% year-over-year to $620.1 million, driven by strong demand for AI power management solutions. Net income rose to $144.4 million, representing a 19.2% increase from $121.2 million in Q3 2023. Gross margin remained stable at 55.4%, while operating income grew to $164 million.Enterprise data segment revenue surged 86.4% to $184.5 million, primarily due to higher sales of power management solutions for AI applications. The storage and computing market increased 11.2% to $144 million, while automotive revenue grew 17% to $111.3 million on stronger advanced driver assistance systems demand. The communications segment saw a 53.6% increase to $71.9 million.Looking ahead, the company maintains a strong financial position with $1.46 billion in cash and investments as of September 30, 2024. The Board of Directors declared a quarterly dividend of $1.25 per share, reflecting confidence in the company's financial strength. Management continues to focus on expanding AI-related offerings while addressing the previously identified material weakness in inventory control processes.
Monolithic Power Systems公布了2024年第三季度强劲的财务业绩,营业收入同比增长30.6%,达到62010万,主要得益于对人工智能电源管理解决方案的强劲需求。净利润上升至14440万,较2023年第三季度的12120万增长19.2%。毛利率稳定在55.4%,而营业利润增长至16400万。企业数据部门营业收入激增86.4%,达到18450万,主要由于对人工智能应用电源管理解决方案的销售增加。存储和计算市场增长11.2%,达14400万,而汽车部门的营业收入增长17%,达到11130万,受益于先进驾驶辅助系统的需求强劲。通信-半导体部门营业收入增长53.6%,达到7190万。展望未来,公司在2024年9月30日维持强劲的财务状况,现金和投资达到14.6亿。董事会宣布每股1.25美元的季度股息,反映出对公司财务实力的信恳智能。管理层继续专注于扩展与人工智能相关的产品,同时解决之前识别的库存控制流程中的重大缺陷。
Monolithic Power Systems公布了2024年第三季度强劲的财务业绩,营业收入同比增长30.6%,达到62010万,主要得益于对人工智能电源管理解决方案的强劲需求。净利润上升至14440万,较2023年第三季度的12120万增长19.2%。毛利率稳定在55.4%,而营业利润增长至16400万。企业数据部门营业收入激增86.4%,达到18450万,主要由于对人工智能应用电源管理解决方案的销售增加。存储和计算市场增长11.2%,达14400万,而汽车部门的营业收入增长17%,达到11130万,受益于先进驾驶辅助系统的需求强劲。通信-半导体部门营业收入增长53.6%,达到7190万。展望未来,公司在2024年9月30日维持强劲的财务状况,现金和投资达到14.6亿。董事会宣布每股1.25美元的季度股息,反映出对公司财务实力的信恳智能。管理层继续专注于扩展与人工智能相关的产品,同时解决之前识别的库存控制流程中的重大缺陷。
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