| 2017 SECOND QUARTER OUTLOOK | |||||||
| RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN | |||||||
| (Unaudited) | |||||||
| Three Months Ending | |||||||
| June 30, 2017 | |||||||
| Low | High | ||||||
| Gross margin | 54.1 | % | 55.1 | % | |||
| Adjustments to reconcile gross margin to non-GAAP gross margin: | |||||||
| Stock-based compensation expense | 0.4 | % | 0.4 | % | |||
| Amortization of acquisition-related intangible assets | 0.5 | % | 0.5 | % | |||
| Non-GAAP gross margin | 55.0 | % | 56.0 | % | |||
| RECONCILIATION OF R&D AND SG&A EXPENSES TO NON-GAAP R&D AND SG&A EXPENSES | |||||||
| (Unaudited, in thousands) | |||||||
| Three Months Ending | |||||||
| June 30, 2017 | |||||||
| Low | High | ||||||
| R&D and SG&A expense | $ | 42,000 | $ | 46,000 | |||
| Adjustments to reconcile R&D and SG&A expense to non-GAAP R&D and SG&A expense: | |||||||
| Stock-based compensation expense | (12,100 | ) | (14,100 | ) | |||
| Non-GAAP R&D and SG&A expense | $ | 29,900 | $ | 31,900 | |||
Contact: Bernie Blegen Chief Financial Officer Monolithic Power Systems, Inc. 408-826-0777 investors@monolithicpower.com
