Filing Flows › Monolithic Power Systems (MPWR) › Q1 2025
Monolithic Power Systems (MPWR) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
Monolithic Power Systems (MPWR) reported revenue of $638M for the first quarter 2025 (Q1 2025), +39% from a year earlier and +3% from the quarter before. Operating margin was 26.5%, net earnings $135M (21.2% of revenue).
Monolithic Power Systems, Q1 2025: revenue $638M (+39% year over year), operating margin 26.5%, net earnings $135M, operating cash flow $256M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $638M | +3% | +39% |
| Gross profit | $353M | +3% | +40% |
| Operating profit | $169M | +3% | +77% |
| Net earnings | $135M | -91% | +46% |
| Operating cash flow | $256M | +53% | +3% |
| Free cash flow | $216M | +110% | -7% |
What changed
Revenue was $637.6M in Q1 2025, up 39% year over year and up 3% from the previous quarter.
Gross margin was 55.4%, up 0.3 points from a year earlier. Operating profit was $168.8M, a 26.5% margin (up 5.6 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 21% margin then. Operating expenses grew 18% against revenue growth of 39%. The fastest-growing cost line was Research & development (+21%). Net earnings were $135.1M, up 46% year over year. The effective tax rate was 22.3%.
Operating cash flow was $256.4M (up 3% year over year), 190% of net earnings. Non-cash charges added back $11.4M of depreciation and amortization and $52.8M of share-based compensation. Working capital and other items added $57.1M. Capital expenditures of $40.3M left free cash flow of $216.0M.
Questions
What was Monolithic Power Systems' revenue in the first quarter 2025?
Monolithic Power Systems (MPWR) reported revenue of $638M for the first quarter 2025 (Q1 2025), +39% from a year earlier and +3% from the quarter before.
Was Monolithic Power Systems profitable in the first quarter 2025?
Operating profit was $169M (26.5% of revenue) and net earnings $135M.