Monolithic Power Rides AI Wave: Strong Quarter Ahead

by Mayniaga

Monolithic Power Systems anticipates revenue for the current quarter to surpass expectations,

driven by increased demand for its power control modules used in artificial intelligence applications.

With a focus on power control modules for servers and data centers, Monolithic Power is poised to capitalize on the expanding market for AI technology.

Following this forecast, shares of the Kirkland, Washington-based company surged by 6.1% in after-hours trading.

The company's projected first-quarter revenue ranges between $437 million and $457 million, exceeding the consensus estimate of $430.8 million.

Analysts foresee this trend buoying the company's performance, offsetting sluggish demand in other sectors like Automotive and Industrials.

Notably, sales in Monolithic Power's enterprise data segment soared to $128.9 million from $68.4 million year-over-year.

In the fourth quarter, revenue reached $454 million, surpassing analysts' predictions of $452.1 million.

outperforming analysts' expectations of $2.85 per share in net income.

Moreover, the company reported a quarterly profit of $2.88 per share,

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