Monolithic Power Systems, Inc. (MPWR) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to the MPS First Quarter 2025 Earnings Webinar. My name is Genevieve Cunningham and I will be the moderator for this webinar. Joining me today are Michael Singh, CEO and Founder of MPS, Bernie Blagan, EVP and CFO, and Tony Ballo, Vice President of Finance. Earlier today, along with our earnings announcement, MPS released a written commentary on the results of our operations. both documents can be found on our website before we begin i would like to remind everyone that in the course of today's presentation we may make forward-looking statements and projections within the meaning of the private securities litigation reform act of nineteen ninety five that involve risk and uncertainty Risks, uncertainties, and other factors that could cause actual results to differ from these forward-looking statements are identified in the Safe Harbor statements contained in the Q1 2025 earnings release and in our SEC filings, including our Form 10-K, which can be found on our website. Our statements are made as of today, and we assume no obligation to update this information. Now, I'd like to turn the call over to Bernie Blagan. Thanks, Jen. Good afternoon and welcome to our Q1 2025 earnings call. In Q1, NPS achieved record quarterly revenue of $637.6 million, slightly higher than the fourth quarter of 2024 and 39.2% higher than Q1, 2024. This performance reflected the ongoing strength of our diversified market strategy, consistent execution, continued innovation and strong customer focus. Let me call out a few highlights from the first quarter. In our March 20th Investor Day, we showcased MPS innovation across a range of areas, including new opportunities in robotics, automotive, data center, building automation, medical, and audio. In Q1, storage and computing segm...