Monolithic Power Systems Announces Q4 2023 Results and Dividend Increase

Details

(MPS) reported its financial results for the quarter and year ended December 31, 2023, along with an increase in its quarterly cash dividend from $1.00 per share to $1.25 per share. For Q4 2023, MPS reported a revenue of $454.0 million, a 4.4% decrease from the previous quarter. The GAAP net income was $96.9 million, with a diluted EPS of $1.98. For the full year 2023, revenue was $1,821.1 million, a 1.5% increase from 2022, and GAAP net income was $427.4 million, with a diluted EPS of $8.76. The dividend increase, effective for the first quarter of 2024, will be paid on April 15, 2024, to stockholders of record as of March 29, 2024.

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About Monolithic Power Systems, Inc.

Monolithic Power Systems, Inc. is a technology company specializing in the design and manufacture of integrated power solutions. Its primary function is to develop innovative semiconductor-based power products that improve the performance and energy efficiency in a wide range of electronic applications. Key industries impacted by Monolithic Power Systems include automotive, cloud computing, industrial, communications, and consumer electronics. The company's products are integral in devices such as AC/DC power converters, lighting systems, and battery management systems, among others. By focusing on centralizing power systems into single chips, Monolithic Power Systems strengthens the push towards compact, highly reliable, and cost-effective technology solutions. Founded in 1997, the company has established a significant presence in the semiconductor industry, setting benchmarks for power management excellence. With its innovative approach, Monolithic Power Systems plays a crucial role in advancing technologies that demand higher power efficiency, impacting sectors that drive the digital economy and contributing significantly to market advancements in energy-smart technologies.