Monolithic Power Q2 revenue rises 15% to $507.4 million; board to declassify
Monolithic Power Systems reported second-quarter 2024 revenue of $507.4 million, up 15.0% from a year earlier, and GAAP diluted earnings of $2.05 per share versus $2.04. It gave third-quarter revenue guidance of $590.0 million to $610.0 million. Separately, the board said it will move to declassify, phasing out its classified board structure over six years after a majority advisory stockholder vote.
Key points
- Q2 2024 revenue was $507.4 million, up 15.0% from $441.1 million in Q2 2023.
- GAAP diluted EPS was $2.05 versus $2.04 a year earlier; GAAP operating income was $116.5 million versus $112.3 million.
- Q3 2024 revenue outlook is $590.0 million to $610.0 million.
- Board intends to propose declassification at the 2025 annual meeting, with all directors elected annually from the 2030 annual meeting.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 01, 2024.
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