Monolithic Power Systems (MPWR) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was modest, while the year-over-year gain was slightly larger.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter increased compared to both the immediately preceding quarter and the same quarter one year earlier. The sequential growth was modest, while the year-over-year gain was slightly larger.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$457.9M
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
+1.5%
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 |
|---|---|---|
| Jun 30, 2023 | $441.1M | -4.3% |
| Sep 30, 2023 | $474.9M | -4.1% |
| Dec 31, 2023 | $454M | -1.3% |
| Mar 31, 2024 | $457.9M | +1.5% |
Revenue performance
The reported revenue moved upward from the prior quarter, reversing the slight decline seen in the previous sequential period. The year-over-year comparison also showed an increase, indicating a return to growth relative to the same period last year.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose slightly. Versus the same quarter one year earlier, revenue was also higher, with the year-over-year increase exceeding the sequential change.
What to watch
The sequential revenue improvement was modest, and the trend data show that revenue has remained within a relatively narrow range over the past four quarters.