Slide 1: Monolithic Power Systems Q3 '22 Earnings Webinar
rev 20180504 Monolithic Power Systems Q3 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO October 27, 2022 mrS
Slide 2: Safe Harbor Statement
Safe Harbor Statement ‘Ths press release contains and statements hat willbe made curing ne accompanying webinar wil contain forward Joking statements as hater Is deinedin he Pate Secures Livgaton Reform ‘eter 1005 incuaingundet ne secions Business Ouioor andthe quote fom our CEO heen induding, smong
Slide 3: Quarterly Revenue 2019 to 2022
Quarterly Revenue 2019 to 2022 Sinmtions $495.4 $500 $461.0 $450 $400 7 TTT $350 3355 $300 $250 — $200 $166.7 $150 100 19 (200 2D 19-200 (2 19 20 (122 02 a3 a4 mrs
Slide 4: Revenue by Market — Q3'22
Revenue by Market — Q3‘22 % Change From % of Total Automotive Communications Enterprise Data Industrial Storage and Computing Consumer Total Revenue Q2’22 Q3’21 Revenue 42.7 % 60.0 % 17.6% 21.9% 61.8 % 14.6% 15.5% 153.1 % 15.2% 5.1% 12.5% 11.8% -7.7% 63.9 % 22.8% 84% 21.1% 18.0% 7.5% 53.1% 100.0% mr
Slide 5: Selected P&L Data
Selected P&L Data Sand sharesinmitons itopiprshareamcanta 321 Revenue $495.4 $481.0 $323.5 GAAP Gross Margin 58.7% 58.8% 57.6% OPEX $139.0 $129.1 $109.2 Operating Income $151.9 $141.9 $7.4 Operating Margin 30.7% 30.8% 23.8% Stock Comp. $43.0 $42.9 $31.6 Net Income $124.3 $1147 $68.8 EPS $2.57 $2.37
Slide 6: Selected Balance Sheet Data
Selected Balance Sheet Data Sin mitions Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter's revenue Q3'22 Q2'22 Q3'21 $738.1 $814.1 $744.5 ($18.2) $105.2 $117.8 $7.3 $11.8 $18
Slide 7: Q4 2022 Outlook
‘Sand sharesin milions Revenue GAAP Gross Margin R&D and SG&A Expenses Non-GAAP Gross Margin R&D and SG&A Expenses Total Stock Compensation Expense Litigation Expense Interest Income Shares Outstanding (FD) Range From To $450.0 $470.0 58.1% 58.7% $131.0 $135.0 58.3% 58.9% $94.4 $96.4 $37.7 $39.7 $1.
Slide 8: Monolithic Power Systems Q3 '22 Earnings Webinar
rev 20180504 Monolithic Power Systems Q3 ‘22 Earnings Webinar Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO October 27, 2022 mrS
Slide 9: Reconciliation of Net Income to Non-GAAP Net Income
RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (Unaudited, in thousands, except per share amounts) ‘Three Months Ended Nine Months Ended September 30, September 30, 2022 2021 2022 2021 Net income S_ 124337 S$ 68.770 S__ 318582 S$ 169,352 Adjustments to reconcile net income to non-GAAP net incom
Slide 10: GAAP to Non-GAAP Reconciliation
GAAP to GAAP Reconciliatio RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (audited, in thousands) “Three Months Ended Gross profit Ts Ts Tem T Gross margin 376% «SRM Adjustments to reconcile gross profit to non-GAAP gross pri Stock-based compensation expense 3.601 Defered compensation plan
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation RECONCILIATION OF OPERATI (raat, in thon) “Tot opting nome Ajmer reco total operating icone Be GAAP ‘peating nome ‘Stxttaed compen expense amr Iss m2 ‘Aoi of purchased angle ses 33 i » mn Deferred compensation pan expese i) 1.208) pny) 957) 2.968 Now GAAP opting incon
Slide 12: 2022 Fourth Quarter Outlook Reconciliation
GAAP to GAAP Reconciliatio 2022 FOURTH QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) ‘Three Months Ending December 31, 2022 Gross margin Adjustment to reconcile gross margin to non-GAAP gross margin: Stock-based compensation expense Non-GAAP gross margin RECONCI