Record Revenue Growth
Monolithic Power Systems, Inc. reported its thirteenth consecutive year of growth with full-year revenue of $2.2 billion, a 21% increase from 2023. Q4 2024 revenue reached a record $621.7 million, which is 37% higher than Q4 2023.
Product Innovation and Market Expansion
Introduced a silicon carbide inverter for clean energy applications with revenue expected in late 2025. Developed automotive audio products using DSP technology and launched battery management solutions for enterprise notebooks.
Increased Shareholder Returns
Quarterly dividend increased by 25% to $1.56 per share. Completed share repurchases under a $640 million 2023 authorization and announced a new $500 million three-year share repurchase program.
Diversified Growth Strategy
Continued investment in new technology and expansion into new markets aims to maintain supply chain stability and capture future growth opportunities.