From Nasdaq: 2024-07-25 11:32:00

Monolithic Power Systems, Inc. (MPWR) will announce its second-quarter 2024 results on Aug 1. Expectations are for higher revenues year over year, driven by strength in the Enterprise Data segment. However, concerns exist regarding weakness in the Consumer and Industrial segments.

The company is seeing solid customer engagement in the Enterprise Data vertical and is advancing its power management portfolio to meet demand for high-power AI computation. Design wins in the 5G market signal recovery in the Communication segment, showing diversification in product offerings and manufacturing footprint enhancements.

For the second quarter, revenue estimates indicate growth in the Enterprise Data vertical but declines in the Communication, Consumer, Industrial, Storage and Computing, and Automotive verticals. Overall revenue forecast is projected to increase to $489.91 million, with an estimated EPS of $3.07.

Monolithic Power’s Earnings ESP stands at 0.00%, and it currently holds a Zacks Rank #3 (Hold). Companies with potential beats this season include Pinterest (PINS), Advanced Micro Devices (AMD), and Arista Networks, Inc. (ANET) based on their Earnings ESP and Zacks Rank status.

Invest in the future of clean hydrogen energy with Zacks’ top 3 hydrogen stocks, projected to reach $500 billion by 2030. Target companies with long-standing performance and substantial commitments to low carbon hydrogen products, signaling strong potential for growth in the hydrogen energy sector.



Read more at Nasdaq: Will Higher Revenues Boost Monolithic Power’s (MPWR) Q2 Earnings?