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Monolithic Power Systems, Inc.
Condensed Consolidated Statements of Operations (Unaudited, in thousands, except per share amounts) | ||||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Revenue | $ | 474,867 | $ | 495,418 | $ | 1,367,060 | $ | 1,334,136 | ||||||||
| Cost of revenue | 211,326 | 204,516 | 597,064 | 553,393 | ||||||||||||
| Gross profit | 263,541 | 290,902 | 769,996 | 780,743 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 64,787 | 67,263 | 192,184 | 178,497 | ||||||||||||
| Selling, general and administrative | 63,188 | 71,768 | 205,645 | 212,353 | ||||||||||||
| Total operating expenses | 127,975 | 139,031 | 397,829 | 390,850 | ||||||||||||
| Operating income | 135,566 | 151,871 | 372,167 | 389,893 | ||||||||||||
| Other income (expense), net | 2,289 | 5 | 14,129 | (5,720 | ) | |||||||||||
| Income before income taxes | 137,855 | 151,876 | 386,296 | 384,173 | ||||||||||||
| Income tax expense | 16,692 | 27,539 | 55,827 | 65,591 | ||||||||||||
| Net income | $ | 121,163 | $ | 124,337 | $ | 330,469 | $ | 318,582 | ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 2.54 | $ | 2.66 | $ | 6.96 | $ | 6.83 | ||||||||
| Diluted | $ | 2.48 | $ | 2.57 | $ | 6.78 | $ | 6.60 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 47,780 | 46,829 | 47,501 | 46,643 | ||||||||||||
| Diluted | 48,792 | 48,349 | 48,734 | 48,295 | ||||||||||||
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Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2023
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