Monolithic Power Systems, Inc. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported sales was USD 620.12 million compared to USD 474.87 million a year ago. Net income was USD 144.43 million compared to USD 121.16 million a year ago. Basic earnings per share from continuing operations was USD 2.96 compared to USD 2.54 a year ago. Diluted earnings per share from continuing operations was USD 2.95 compared to USD 2.48 a year ago.
For the nine months, sales was USD 1,585.44 million compared to USD 1,367.06 million a year ago. Net income was USD 337.34 million compared to USD 330.47 million a year ago. Basic earnings per share from continuing operations was USD 6.93 compared to USD 6.96 a year ago. Diluted earnings per share from continuing operations was USD 6.89 compared to USD 6.78 a year ago.