Monolithic Power Systems reported second quarter non-GAAP earnings of $6.50 per share on revenue of $980.6 million, beating consensus estimates of $5.88 and $903.3 million, respectively. Revenue grew 47.6% year-over-year, driven by exceptional strength in the company's Enterprise Data segment.

Key Highlights

  • Enterprise Data revenue was the primary growth driver, increasing to $380.6 million, up 164.3% year-over-year and 44.8% sequentially, significantly outpacing expectations.
  • Revenue grew sequentially across all end markets, with Communications revenue up 18.0% and Storage & Computing up 14.6% from the prior quarter.
  • The company provided a strong third quarter outlook, forecasting revenue between $1.14 billion and $1.16 billion, well ahead of the second quarter's results.
  • Non-GAAP operating margin expanded to 37.5%, an increase of 270 basis points year-over-year and 170 basis points sequentially.