**Monolithic Power Systems (MPWR) Reports Strong Q3 Earnings**
Monolithic Power Systems (MPWR) announced its Q3 earnings on October 30, 2023, revealing a 10% earnings per share (EPS) beat and an 8.5% sales beat compared to consensus estimates. The company achieved record sales of $981 million, marking a 48% year-over-year growth, while earnings surged 83% from the previous year.
The firm’s Enterprise Data market revenue reached $380.6 million, a significant 165% increase year-over-year, driven by heightened demand for power management solutions in AI and server applications. Analysts have raised sales expectations for MPWR, with FY26 estimates climbing nearly 30% within the last year. Despite a recent stock decline of about 15% over the past three months, MPWR maintains a Zacks Rank #1 (Strong Buy), indicating strong market outlook.
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