Monolithic Power Systems (MPWR) Revenue — Quarter Ended Dec 31, 2023
In the reported quarter, the company's revenue declined sequentially from the preceding three-month period and also posted a slight decrease compared to the same period one year earlier. The sequential drop was more notable than the annual decline.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
In the reported quarter, the company's revenue declined sequentially from the preceding three-month period and also posted a slight decrease compared to the same period one year earlier. The sequential drop was more notable than the annual decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$454M
Revenue reported for this quarter.
Quarter-over-quarter
-4.4%
Change from the immediately preceding quarter.
Year-over-year
-1.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.8B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $451.1M | +77.3% |
| Jun 30, 2023 | $441.1M | -4.3% |
| Sep 30, 2023 | $474.9M | -4.1% |
| Dec 31, 2023 | $454M | -1.3% |
Revenue performance
Revenue for the quarter fell from the immediately preceding quarter, extending a pattern of sequential weakness.
Quarterly comparison
Sequentially, revenue declined from the prior quarter. On a year-over-year basis, revenue was marginally lower than the same quarter a year ago.
What to watch
Future quarters will indicate whether the sequential downward trend can be reversed or stabilized.