Slide 1: Monolithic Power Systems Q1 '22 Earnings Call
Monolithic Power Systems Q1 ‘22 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 2, 2022 eee mrs
Slide 2: Safe Harbor Statement
Safe Harbor Statement ‘Tlgprens tana cong andar analog made dung me acompaningtlcofrence wl coin warvaing tauens ae ali aeingdlePrae Secures Lgaten Fated e198 jruangunae'BusinessOutockanate que om out CEO here using among ae hinas,()projeceaterenues GAAP ananen-GuaP gloss argh GAAP anario GAAP RED a
Slide 3: Quarterly Revenue 2019 to 2022
jarterly Revenue 2019 to 2022 $400 $350 $300 $250 $200 $150 $100 19 2 O'R 19% 19% me 19 2% MR a a cr) as
Slide 4: Revenue Growth by Market — Q1'22
Revenue Growth by Market — Q1‘22 Storage and Computing Communications Consumer Enterprise Data Industrial Automotive Total Revenue % of Total vs Q4’21 vs Q1’21 Revenue 23.9 % 88.2 % 25.6% 21.1% 54.1% 14.7% 20.6 % 20.7 % 21.2% 5.0% 162.7 % 11.3% -1.9% 22.0 % 12.8% -3.2 % 21.6 % 14.4% 12.2% 48.4% 100.
Slide 5: Selected P&L Data
Selected P&L Data scopepersucamaus Q1'22 a4'24 124 Revenue $3777 $336.5 $254.5 GAAP Gross Margin 57.9% 57.6% 55.4% OPEX $122.7 $1153 $95.0 ‘Operating Income $96.1 $786 $47.7 Operating Margin 25.5% 23.2% 18.8% ‘Stock Comp. $398 $312 $28.6 Net Income $796 $727 $45.4 EPS $1.65 $1.51 $0.95 Shares O/S (F
Slide 6: Selected Balance Sheet and Cash Flow Data
Selected Bala ‘Sin mons Cash, Cash Equivalents & Investments Cash Flow from Operations Capital Spending Accounts Receivable Dollars Days Inventory Dollars Days — Current quarter revenue Next quarter's revenue Qt122 Q421 Q121 $775.9 $727.5 $641.6 $107.4 $28.2 $77.1 $26.9 $17.6 $19.0 $120.3 $104.8 $84
Slide 7: Q2 2022 Guidance
| ° x 2022 Q20 ‘Sand sharesin miions Revenue GAAP. Gross Margin R&D and SG&A Non-GAAP Gross Margin R&D and SG&A Total Stock Compensation Litigation Expenses Interest and Other Income Shares Outstanding (FD) Range From To $420.0 $440.0 58.4% 59.0% $(132.7) $(136.7) 58.7% 59.3% $(90.0) $(92.0) $(44.2)
Slide 8: Monolithic Power Systems Q1 '22 Earnings Call
Monolithic Power Systems Q1 ‘22 Earnings Call Michael Hsing — CEO and Founder Bernie Blegen — VP and CFO May 2, 2022 eee mrs
Slide 9: Revenue by End Market
Revenue by End Market Tait seamen wor __s7er__1703 1709 2007 or ssa 16031209] 201801 Conmanieaton Goat 15927 353731557] 63.606] | 15749 5554 sa1s8_ 0,07] 70585) ‘stoage and Computing | 1738220035 20608 19034] 77,16] | 23309 27,08 35013 30581] 11607 enterprise Data 32364430 a2 7.555| 23.063) [7.719.7
Slide 10: Net Income to Non-GAAP Net Income Reconciliation
ie to Non-GAAP Net Income Reco ation RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME (Unaudited, in thousands, except per share amounts) ‘Three Months Ended March 31, 2022 2021 Net income $ 79.566 _S 45.413 Adjustments to reconcile net income to non-GAAP net income: Stock-based compensation expe
Slide 11: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconcilia (Gaston tint) Agen esc pig cme te GAAP peg ne ‘Sct and compere pee mss ‘menus pan ape te 3} ‘tied epee ppm ce) 38 ux oe GAAP oping oe ia 8 [RECONCILIATION OF OTHER INCOME (EXPENSE. NET, TO NON GAAP OTHER INCOME, SET “alee ce ge et Ajeet resco ice (pm) toe OANP ctr acne et
Slide 12: GAAP to Non-GAAP Reconciliation: 2022 Second Quarter Outlook
GAAP to Non-GAAP Reconciliatio! 2022 SECOND QUARTER OUTLOOK RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN (Unaudited) Three Months Ending June 30, 2022 Low High Gross margin 38.4% 59.0% Adjustment to reconcile gross margin to non-GAAP gross margin: Stock-based compensation expense 3% ‘Non-