Monolithic Power Systems, Inc. stock research
FY2022 Q1
Monolithic Power Systems (MPWR) Gross Margin — Quarter Ended Mar 31, 2023
Revenue and gross profit decreased slightly from the prior quarter, resulting in a marginally lower gross margin. Compared to a year earlier, revenue grew strongly, outpacing cost increases, and the gross margin improved.
Gross margin takeaway
Quarter ended Mar 31, 2023 · FY2022 Q1
Revenue and gross profit decreased slightly from the prior quarter, resulting in a marginally lower gross margin. Compared to a year earlier, revenue grew strongly, outpacing cost increases, and the gross margin improved.
- The near-unchanged cost of revenue from the prior quarter made the sequential gross margin decline more sensitive to the slight revenue drop. Year over year, the significant revenue growth was the primary factor in the margin expansion.
- Gross margin weakened slightly compared to the immediately preceding quarter but improved compared to the same quarter one year ago.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
57.4%
Gross profit
$258.8M
Revenue
$451.1M
Cost of revenue
$192.3M
Quarter-over-quarter change
n/a
Year-over-year change
+1.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 31, 2023 | $451.1M | $258.8M | $192.3M | 57.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Previous quarter unavailable
n/a
Year-over-year change
Mar 31, 2021
+1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The near-unchanged cost of revenue from the prior quarter made the sequential gross margin decline more sensitive to the slight revenue drop. Year over year, the significant revenue growth was the primary factor in the margin expansion.
Gross margin weakened slightly compared to the immediately preceding quarter but improved compared to the same quarter one year ago.
Monitor whether cost of revenue remains stable as revenue fluctuates, as it directly influences gross margin.