Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2019


  
RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands)
 
  
   Three Months Ended June 30,   Six Months Ended June 30, 
   2019   2018   2019   2018 
Gross profit $83,225  $77,564  $161,231  $149,059 
Gross margin  55.1%  55.5%  55.1%  55.4%
                 
Adjustments to reconcile gross profit to non-GAAP gross profit:                
Stock-based compensation expense  663   480      1,193       913  
Amortization of acquisition-related intangible assets     51       197       102       447  
Non-GAAP gross profit   $ 83,939     $ 78,241     $ 162,526     $ 150,419  
Non-GAAP gross margin     55.6 %     56.0 %     55.6 %     55.9 %
                                 

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