Every material Form 8-K Monolithic Power Systems filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Monolithic Power Systems reported third-quarter 2023 results on October 30, 2023, with revenue down 4.1% from a year earlier and GAAP diluted earnings per share of $2.48, compared with $2.57 a year earlier. The same day, its board approved a $640 million stock repurchase program running through October 29, 2026, which the company says will be funded from available working capital and cash repatriated from its Bermuda subsidiary.
Q3 revenue was $474.9 million, up 7.6% from $441.1 million in Q2 2023 but down 4.1% from $495.4 million in Q3 2022.
Q3 GAAP diluted EPS was $2.48 vs. $2.57 a year earlier; non-GAAP diluted EPS was $3.08 vs. $3.53.
Fourth-quarter 2023 revenue outlook is $442.0 million to $462.0 million.
Board approved a $640 million repurchase program expiring October 29, 2026; repurchased shares will be retired.
Monolithic Power Systems reported second-quarter 2023 results for the quarter ended June 30, 2023, with revenue of $441.1 million, down 4.3% from $461.0 million a year earlier. GAAP diluted earnings per share were $2.04, down from $2.37, and the company gave third-quarter revenue guidance of $464.0 million to $484.0 million.
Q2 2023 revenue was $441.1 million, down 2.2% from Q1 2023 and down 4.3% from Q2 2022.
GAAP net income was $99.5 million, or $2.04 per diluted share, versus $114.7 million, or $2.37, a year earlier.
Six-month revenue rose 6.4% to $892.2 million, with automotive revenue of $209.7 million in the first half of 2023 versus $115.6 million in 2022.
Third-quarter 2023 revenue guidance is $464.0 million to $484.0 million, with GAAP gross margin of 55.5% to 56.1%.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Monolithic Power Systems filing is on SEC EDGAR ↗. 8-K briefs of other companies →