Stock Analysis on Net
Stock Analysis on Net

Monolithic Power Systems Inc. (NASDAQ:MPWR)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Monolithic Power Systems Inc., consolidated income statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Revenue 620,119 507,431 457,885 454,012 474,867 441,128 451,065 460,012 495,418 461,004 377,714 336,504 323,522 293,317 254,455 233,043 259,422 186,209 165,778 166,738 168,813 151,007 141,363
Cost of revenue (276,676) (226,853) (205,444) (202,889) (211,326) (193,453) (192,285) (192,203) (204,516) (190,043) (158,834) (142,630) (137,211) (129,102) (113,396) (104,169) (116,382) (83,616) (74,331) (74,802) (75,655) (67,782) (63,357)
Gross profit 343,443 280,578 252,441 251,123 263,541 247,675 258,780 267,809 290,902 270,961 218,880 193,874 186,311 164,215 141,059 128,874 143,040 102,593 91,447 91,936 93,158 83,225 78,006
Research and development (85,051) (77,945) (75,990) (71,459) (64,787) (63,688) (63,709) (61,673) (67,263) (57,131) (54,104) (54,514) (49,468) (44,753) (41,892) (42,252) (37,717) (31,673) (25,956) (27,012) (27,742) (27,545) (25,458)
Selling, general and administrative (94,364) (86,097) (80,964) (70,095) (63,188) (71,662) (70,795) (69,244) (71,768) (71,942) (68,642) (60,788) (59,712) (58,834) (53,081) (46,660) (45,344) (42,965) (34,505) (34,230) (35,384) (35,561) (30,831)
Operating expenses (179,415) (164,042) (156,954) (141,554) (127,975) (135,350) (134,504) (130,917) (139,031) (129,073) (122,746) (115,302) (109,180) (103,587) (94,973) (88,912) (83,061) (74,638) (60,461) (61,242) (63,126) (63,106) (56,289)
Operating income 164,028 116,536 95,487 109,569 135,566 112,325 124,276 136,892 151,871 141,888 96,134 78,572 77,131 60,628 46,086 39,962 59,979 27,955 30,986 30,694 30,032 20,119 21,717
Other income (expense), net 10,278 7,512 9,540 9,976 2,289 6,543 5,297 3,873 5 (5,092) (634) 3,391 793 3,031 2,587 4,480 2,494 5,200 (1,714) 2,731 2,257 2,229 3,341
Income before income taxes 174,306 124,048 105,027 119,545 137,855 118,868 129,573 140,765 151,876 136,796 95,500 81,963 77,924 63,659 48,673 44,442 62,473 33,155 29,272 33,425 32,289 22,348 25,058
Income tax (expense) benefit (29,876) (23,682) (12,486) (22,640) (16,692) (19,364) (19,771) (21,675) (27,539) (22,117) (15,934) (9,292) (9,154) (8,490) (3,260) (1,556) (6,907) (2,988) 6,484 (988) (2,761) (1,655) 1,123
Net income 144,430 100,366 92,541 96,905 121,163 99,504 109,802 119,090 124,337 114,679 79,566 72,671 68,770 55,169 45,413 42,886 55,566 30,167 35,756 32,437 29,528 20,693 26,181

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Monolithic Power Systems Inc. revenue increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating income The net result for the period of deducting operating expenses from operating revenues. Monolithic Power Systems Inc. operating income increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Monolithic Power Systems Inc. income before income taxes increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Monolithic Power Systems Inc. net income increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.