Slide 1: Q1 '23 Earnings Webinar
rev 20220706 Monolithic Power Systems Q1 ‘23 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 4, 2023 mPrS
Slide 2: Safe Harbor
Safe Harbor ‘This press release contains. and statements hat wil be made dung the accompanying webinar wil conan, forward-looking statements, asta orm ie deinen the Private Secures Ligation Reform Aet of 1869 nelusing under tho seettons Business Outook andthe quote rom our CEO here, including. among
Slide 3: Quarterly Revenue 2020 to 2023
erly Revenue 2020 to 2023 Sin mion $500 $450 $400 $350 $300 ‘20021 22,128 200021 (2223. 200021 (2223 Qi Q2 Q3 mrs
Slide 4: Revenue by Market — Q1'23
Revenue by Market — Q1‘23 Consumer Automotive Communications Storage and Computing Industrial Enterprise Data Total Revenue % Change From % of Total Q4'22 Q1’22 Revenue 19.5 (20.8) 14.0 8.2 93.1 23.3 5.6 22.2 15.1 (0.8) 24.1 26.6 (15.3) (2.2) 10.5 (31.1) 10.9 10.5 (1.9) 19.4 100.0 mrs
Slide 5: General Business Conditions
General Business Conditions mrs
Slide 6: Selected P&L Data
lected P&L Data o1'23 at'22 Revenue $451.1 $460.0 $377.7 GAAP Gross Margin 57.4% 58.2% 57.9% OPEX $134.5 $130.9 $122.7 Operating Income $124.3 $136.9 $96.1 Operating Margin 27.6% 29.8% 25.5% Stock Comp. $37.0 $35.3 $39.8 Net Income $109.8 $119.1 $79.6 EPS $2.26 $2.45 $1.65 Shares O/S (FD) 48.7 48.5
Slide 7: Selected Balance Sheet
Selected Balance Sheet ‘in millons Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter’s revenue Q123 Qa'22 Qr22 $919.1 $739.6 $775.9 $218.8 $52.2 $107.4 $8.9 $12.8 $26.9 $184.3
Slide 8: 2023 Q2 Outlook
2023 Q2 Outlook ‘Sand shares in millions Range From To Revenue $430.0 $450.0 GAAP Gross Margin 55.9% 56.5% Operating Expenses $132.5 $136.5 Non-GAAP Gross Margin 56.2% 56.8% Operating Expenses $94.9 $96.9 Total Stock Compensation Expense $38.8 $40.8 Interest Income $3.8 $4.2 Shares Outstanding (FD)
Slide 9: Q1 '23 Earnings Webinar
rev 20220706 Monolithic Power Systems Q1 ‘23 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 4, 2023 mPrS
Slide 10: Non-GAAP Net Income Reconciliation
ati lon-GAAP Net Income Reco (°) Net Income RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME, (Unaudited, in thousands, except per share amounts) Three Months Ended March 31, 2023 Net income 109,802 Adjustments to reconcile net income to non-GAAP net income: Stock-based compensation expense 37,00
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliatio RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited, in thousands) Three Months Ended March 31 — 20032022 Gross profit $258,780 “$218,680 Gross margin 87.4% 57.9% Adjustments to reconcile gross profit to non-GAAP gross profi: ‘Stock-based compensation ex
Slide 12: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation RECONCILIATION OF OPERATING INCOME TO NON-GAAP OPERATING INCOME (Unaudited, in thousands) “Three Months Ended March 31, ‘Total operating income 138 ‘Adjustments to reconcile total operating income to non-GAAP total operating income: ‘Stock-based compersation expense 3
Slide 13: GAAP to Non-GAAP Reconciliation: 2023 Second Quarter Outlook
GAAP to Non-GAAP Reconciliatio 2023 SECOND QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending June 30, 2023 Low High’ Gross margin 55.9% 56.5% ‘Adjustment to reconcile gross margin to non-GAAP gross margin: ‘Stock-based compensation expense 0.3% 0