KIRKLAND, Wash., Feb. 06, 2025 (GLOBE NEWSWIRE) -- MPS will report its results after the market closes on February 6, 2025 and host a question-and-answer webinar at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webcast, which can be accessed at https://mpsic.zoom.us/j/96816578886.

2024 Financial Summary (Unaudited)
GAAP

                                                

Get the latest news
delivered to your inbox
Sign up for The Manila Times newsletters
By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy.

  2024  2023  YoY ChangeYoY Change (%)
Revenue ($k)$2,207,100 $1,821,072  Up $ 386,028Up 21.2%
Gross Margin 55.3% 56.1% Down 0.8 ptsDown 1.4%
Opex ($k)$681,512 $539,383  Up $ 142,129Up 26.4%
Operating Margin 24.4% 26.5% Down 2.1 ptsDown 7.9%
Net income ($k)$1,786,700 $427,374  Up $ 1,359,326Up 318.1%
Diluted EPS$36.59 $8.76  Up $ 27.83Up 317.7%

Non-GAAP
                                                

  2024  2023  YoY ChangeYoY Change (%)
Revenue ($k)$2,207,100 $1,821,072  Up $ 386,028Up 21.2%
Gross Margin 55.8% 56.4% Down 0.6 ptsDown 1.1%
Opex ($k)$466,379 $385,395  Up $ 80,984Up 21.0%
Operating Margin 34.6% 35.2% Down 0.6 ptsDown 1.7%
Net income ($k)$689,755 $574,647  Up $ 115,108Up 20.0%
Diluted EPS$14.12 $11.78  Up $ 2.34Up 19.9%

Revenue by End Market
                                                

  Revenue YoY Change % of Total Rev
End Market ($M)  2024  2023  $ %  2024 2023 
Enterprise Data $716.2$323.0 $393.2 121.7% 32.5%17.7%
Storage & Computing  501.6 491.1  10.5 2.1% 22.7 27.0 
Automotive  414.0 394.7  19.3 4.9% 18.8 21.7 
Communications  225.9 204.9  21.0 10.2% 10.2 11.3 
Consumer  202.0 234.7  (32.7)(13.9%) 9.1 12.9 
Industrial  147.4 172.7  (25.3)(14.6%) 6.7 9.4 
Total $2,207.1$1,821.1 $386.0 21.2% 100%100%

Q4 2024 Financial Summary (Unaudited)
GAAP

  Q4'24  Q3'24  Q4'23  QoQ ChangeYoY Change
Revenue ($k)$621,665 $620,119 $454,012  Up 0.2%Up 36.9%
Gross Margin 55.4% 55.4% 55.3% FlatUp 0.1 pts
Opex ($k)$181,101 $179,415 $141,554  Up 0.9%Up 27.9%
Operating Margin 26.3% 26.5% 24.1% Down 0.2 ptsUp 2.2 pts
Net income ($k)$1,449,363 $144,430 $96,905  Up 903.5%Up 1395.7%
Diluted EPS$29.88 $2.95 $1.98  Up 912.9%Up 1409.1%

Non-GAAP

 Q4'24 Q3'24  Q4'23  QoQ ChangeYoY Change
Revenue ($k)$621,665 $620,119 $454,012  Up 0.2%Up 36.9%
Gross Margin 55.8% 55.8% 55.7% FlatUp 0.1 pts
Opex ($k)$126,117 $125,169 $96,745  Up 0.8%Up 30.4%
Operating Margin 35.5% 35.6% 34.4% Down 0.1 ptsUp 1.1 pts
Net income ($k)$198,401 $198,786 $140,852  Down 0.2%Up 40.9%
Diluted EPS$4.09 $4.06 $2.88  Up 0.7%Up 42.0%

Revenue by End Market
                                                

  Revenue YoY Change % of Total Rev
End Market ($M)  Q4'24  Q4'23 $ % Q4'24 Q4'23 
Enterprise Data $194.9$128.9 $66.051.2% 31.3%28.4%
Storage & Computing  136.5 117.3  19.216.4% 22.0 25.8 
Automotive  128.4 89.8  38.643.0% 20.6 19.8 
Communications  63.8 Advertisement