/Monolithic%20Power%20System%20Inc%20logo%20magnified-by%20Casimiro%20PT%20via%20Shutterstock.jpg)
Headquartered in Kirkland, Washington, Monolithic Power Systems, Inc. (MPWR) focuses on designing and selling semiconductor-based power electronics solutions across a wide range of global markets. With a market cap of $43.3 billion, the company is set to unveil its fiscal Q2 earnings results on Monday, Jul. 29.
Ahead of this event, analysts expect the power management chip maker to report a profit of $2.28 per share, up 11.2% from $2.05 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the past four quarters while missing on two other occasions. In the most recent quarter, the company reported an EPS of $1.97, surpassing the consensus estimate by a 1% margin.
For fiscal 2024, analysts expect MPWR to report EPS of $10.37, up 18.1% from $8.78 in fiscal 2023. Looking forward to fiscal 2025, EPS is expected to grow by 32.4% annually to $13.73.
MPWR has outperformed the broader markets in 2024, with shares up around 35% on a YTD basis compared to the S&P 500 Index's ($SPX) 17.7% gain and the S&P 500 Technology Sector SPDR's (XLK) 17.5% return over the same period.
Monolithic Power Systems stock soared a notable 9.2% on May 2 following its Q1 results, which surpassed Wall Street predictions on both top and bottom lines. Additionally, its revenue guidance for the next quarter came in higher than Wall Street's estimates, driven by strong demand for AI servers, which contributed substantially to the company’s revenues.
Analysts' consensus rating on Monolithic Power Systems stock is highly bullish, with a "Strong Buy" rating overall. Out of 12 analysts covering the stock, opinions include nine "Strong Buys,” two "Moderate Buys," and one "Hold."
The above consensus has remained the same over the past three months. Currently, MPWR is trading above the average analyst price target of $809.90.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
