Benzinga | Jul 28, 2020 05:27PM EDT

Recap: Monolithic Power Systems Q2 Earnings

Shares of Monolithic Power Systems (NASDAQ:MPWR) were flat in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 17.39% year over year to $1.08, which beat the estimate of $1.00.

Revenue of $186,209,000 higher by 23.31% from the same period last year, which beat the estimate of $169,730,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Q3 revenue expected to be between $200,000,000 and $210,000,000.

Conference Call Details

Date: Jul 28, 2020

Time: 05:00 PM

ET Webcast URL: https://mpsic.zoom.us/j/96497779610#success

Technicals

Company's 52-week high was at $255.69

52-week low: $130.12

Price action over last quarter: Up 21.58%

Company Description

Monolithic Power Systems designs power solutions for a variety of end markets, including industrial, automotive, computing, storage, communications infrastructure, and consumer products. The firm designs switches, converters, lighting, sensors, and control-integrated circuits.