Monolithic Power Systems Inc. (NASDAQ: MPWR), a technology business, started the year with double-digit sales growth. Monolithic anticipates a solid year-end due to the high demand for its products.
MPWR is a company that specializes in small power systems. Telecommunications equipment, industry, autos, data centers, and domestic appliances all use the company’s semiconductors.
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As a variety of technologies becomes saturated with electronic components, demand for such components is increasing. For example, 5G modems and video cameras with data processors are employed in automobiles, which require relatively large currents and steady voltage.
Monolithic Power Systems Inc. (MPWR)’s sales increased 48.4% year over year to $377.7 million in the first quarter ending March 31st. Earnings increased to $79.6 million, or $1.65 per share, compared to $45.4 million and $0.95 a year ago.
Separate portions of data storage and processing, as well as corporate storage solutions, were allotted by the corporation. Monolithic Power’s management is expected to anticipate further significant sales growth in these categories. There’s a reason for this: sales of enterprise data storage increased 162 percent in the first quarter, accounting for 11 percent of overall sales.
Monolithic Power Systems Inc. (MPWR) anticipates revenue of $420- $420 million for the current quarter, with a gross margin of 58.4-59%.
In several semiconductor product areas, MPWR competes with large names like Texas Instruments and ON Semiconductor. In addition, the firm has considerable cyclicality connected with technology updates. Monolithic Power Systems Inc. (MPWR) is now anticipating a new growth cycle as a result of the release of a significant number of new chips that have never been employed in a specific approach before.
Monolithic Power Systems Inc. (NASDAQ: MPWR) stock has risen 8.49 percent in the last week, but 10.56% in the previous quarter. Going back further, the stock’s price has been down -17.49 percent in the previous six months but is down -7.27% year to date.