Monolithic Power Systems (MPWR) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter a year earlier. The increase marks a reversal of the sequential declines seen in the prior two quarters.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose compared to both the immediately preceding quarter and the same quarter a year earlier. The increase marks a reversal of the sequential declines seen in the prior two quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$507.4M
Revenue reported for this quarter.
Quarter-over-quarter
+10.8%
Change from the immediately preceding quarter.
Year-over-year
+15.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.9B
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 |
|---|---|---|
| Sep 30, 2023 | $474.9M | -4.1% |
| Dec 31, 2023 | $454M | -1.3% |
| Mar 31, 2024 | $457.9M | +1.5% |
| Jun 30, 2024 | $507.4M | +15.0% |
Revenue performance
The reported revenue moved higher, reflecting a sequential improvement from the prior quarter. Year-over-year, revenue also increased.
Quarterly comparison
Compared with the immediately preceding quarter, revenue was higher, and it was also higher than the same quarter one year earlier. This quarter's performance contrasts with the declines experienced in the two prior quarters.
What to watch
The revenue growth rate accelerated compared to the prior two quarters, which had shown sequential declines.