Monolithic Power Guides Q3 Revenue to $1.14B-$1.16B, Above Consensus
MPWR has more than doubled off its 52-week low of $706 on elevated volume (1.8× avg).
Summary
Monolithic Power Systems issued Q3 revenue guidance of $1.14B-$1.16B, exceeding the $1.12B consensus estimate. The midpoint of $1.15B implies roughly 20% year-over-year growth, continuing the strong momentum from Q1's results. This follows a quarter marked by significant insider selling, with executives offloading over $50M in shares under 10b5-1 plans. The guidance beat suggests underlying demand remains robust despite those sales. Watch for the full Q2 earnings release and call for margin details and any update on the previously disclosed remediation efforts.
At the time of this announcement, MPWR was trading at $1,430.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $64.7B. The 52-week trading range was $706.00 to $1,714.09. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.