Here's What to Expect From Monolithic Power Systems' Next Earnings Report

Based in Kirkland, Washington, Monolithic Power Systems, Inc. (MPWR) designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. Valued at a market cap of $44.1 billion, the company is expected to announce its fiscal Q3 earnings results after the market closes on Wednesday, Oct. 30. 

Ahead of this event, analysts project the semiconductor company to report a profit of $3.04 per share, up 22.1% from $2.49 per share in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in two of the last four quarters while missing on other two occasions. In Q2, the company reported an adjusted EPS of $3.17, which topped the consensus estimates of $3.07 and increased 12.4% from a year ago. This was primarily driven by a 290% annual revenue growth in its enterprise data segment, fueled by solid demand for AI power solutions. It offset a decline in revenues across all other segments.