Monolithic Power Systems, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 04:02 pm EDT
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Monolithic Power Systems, Inc. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 377.71 million compared to USD 254.46 million a year ago. Net income was USD 79.57 million compared to USD 45.41 million a year ago. Basic earnings per share from continuing operations was USD 1.71 compared to USD 1 a year ago. Diluted earnings per share from continuing operations was USD 1.65 compared to USD 0.95 a year ago.
Monolithic Power Systems, Inc. specializes in the design, manufacture and marketing of high-performance semiconductor-based power electronics solutions. The group's products include power modules, power management solutions (power converters, regulators, voltage supervisory systems, integrated circuits, Power over Ethernet, gate drivers, controllers, USB power systems, power distribution systems, etc.), AC/DC converters, analog components, sensors, inductors and battery management solutions. Net sales break down by market as follows:
- IT and data storage (30.8%): components and devices used in storage networks, computers, printers, servers and workstations;
- consumer electronics (23.4%): components for set-top boxes, monitors, game consoles, lighting systems, chargers, household appliances, mobile phones, wearables, GPS, TVs, stereos and cameras;
- automotive (16.9%): solutions for infotainment applications and advanced driver assistance and connectivity systems;
- industrial applications (15.3%): solutions for power generators, security systems, point-of-sale systems, smart meters and other industrial equipment;
- telecommunications (13.6%): components and devices used in network and telecommunications infrastructures, routers, modems and wireless applications.
At the end of 2021, the group had three production sites in China.
Net sales are distributed geographically as follows: the United States (3%), China (58%), Taiwan (14%), South Korea (7.7%), Europe (7.1%), Japan (5.7%) and South East Asia (4.5%).
MONOLITHIC POWER SYSTEMS, INC. 
