| Monolithic Power Systems, Inc. | ||||||||||||||||
| Condensed Consolidated Statements of Operations | ||||||||||||||||
| (Unaudited, in thousands, except per share amounts) | ||||||||||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Revenue | $ | 441,128 | $ | 461,004 | $ | 892,193 | $ | 838,718 | ||||||||
| Cost of revenue | 193,453 | 190,043 | 385,738 | 348,877 | ||||||||||||
| Gross profit | 247,675 | 270,961 | 506,455 | 489,841 | ||||||||||||
| Operating expenses: | ||||||||||||||||
| Research and development | 63,688 | 57,131 | 127,397 | 111,234 | ||||||||||||
| Selling, general and administrative | 71,662 | 71,942 | 142,457 | 140,585 | ||||||||||||
| Total operating expenses | 135,350 | 129,073 | 269,854 | 251,819
| ||||||||||||
| Operating income | 112,325 | 141,888 | 236,601 | 238,022
| ||||||||||||
| Other income (expense), net | 6,543 | (5,092 | ) | 11,840 | (5,726
| ) | ||||||||||
| Income before income taxes | 118,868 | 136,796 | 248,441 | 232,296 | ||||||||||||
| Income tax expense | 19,364 | 22,117 | 39,135 | 38,051
| ||||||||||||
| Net income | $ | 99,504 | $ | 114,679 | $ | 209,306 | $ | 194,245
| ||||||||
| Net income per share: | ||||||||||||||||
| Basic | $ | 2.10 | $ | 2.46 | $ | 4.42 | $ | 4.17 | ||||||||
| Diluted | $ | 2.04 | $ | 2.37 | $ | 4.30 | $ | 4.02 | ||||||||
| Weighted-average shares outstanding: | ||||||||||||||||
| Basic | 47,489 | 46,675 | 47,361 | 46,550 | ||||||||||||
| Diluted | 48,756 | 48,286 | 48,705 | 48,268 | ||||||||||||
Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2023
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