Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2015

The following is a summary of revenue by end market for the periods indicated, estimated based on MPS's assessment of available end market data (in millions):



Three Months Ended June 30,


Six Months Ended June 30,

End Market


2015


2014


2015


2014

Communication


$ 17.1


$ 17.0


$   34.4


$   30.6

Storage and Computing


12.6


10.8


24.0


21.4

Consumer


35.5


28.5


67.0


54.6

Industrial


16.2


12.1


29.6


21.9

Total


$ 81.4


$ 68.4


$ 155.0


$ 128.5

 

The following is a summary of revenue by product family for the periods indicated (in millions):



Three Months Ended June 30,


Six Months Ended June 30,

Product Family


2015


2014


2015


2014

DC to DC 


$ 73.2


$ 61.2


$ 139.5


$ 115.1

Lighting Control 


8.2


7.2


15.5


13.4

Total 


$ 81.4


$ 68.4


$ 155.0


$ 128.5

"This is the eighth consecutive quarter MPS has achieved double digit year-over-year revenue growth," said Michael Hsing, CEO and founder of MPS.  "MPS continues to deliver."

Business Outlook

The following are MPS' financial targets for the third quarter ending September 30, 2015:

  • Revenue in the range of $89 million to $93 million.
  • GAAP gross margin between 53.9% and 54.9%.  Non-GAAP(1) gross margin between 54.6% and 55.6%.  This excludes an estimated impact of stock-based compensation expenses of 0.3% and amortization of acquisition-related intangible assets of 0.4%.
  • GAAP R&D and SG&A expenses between $34.6 million and $36.2 million . Non-GAAP(1) R&D and SG&A expenses between $25.8 million and $26.8 million . This excludes an estimate of stock-based compensation expenses in the range of $8.8 million to $9.4 million .
  • Total stock-based compensation expense of $9.1 million to $9.7 million .
  • Litigation expenses of $200,000 to $400,000 .
  • Other income of $200,000 to $300,000 before foreign exchange gains or losses.
  • Fully diluted shares outstanding between ­­­40.8 million and 41.4 million before shares buyback.

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