Monolithic Power Systems, Inc. (MPWR) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Reporting in progress. 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 format of 1995. That involves 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 q4 2024 release and in our sec filings including our form 10k 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 blagin thanks jen good afternoon and welcome to Our Q4 2024 earnings call. In 2024, NPS posted its 13th consecutive year of growth with full year revenue of $2.2 billion, up 21% from 2023. For Q4 2024, we had record quarterly revenue of $621.7 million above Q3 2021. 2024, and 37% higher than the fourth quarter of 2023. This performance reflected the strength of our diversified market strategy, consistent execution, continued innovation, and strong customer focus. Let me call out a few highlights from 2024. We introduced the silicon carbide inverter for high-powered clean energy applications. Initial revenue is expected to ramp in late 2025. Other silicon carbide-based applications are expected to be introduced in multiple geographies during both 2025 ...