Monolithic Power Systems (MPS) 2024 Annual Financial Report Released, Revenue Increased 21%

In 2024, Monolithic Power Systems (MPS)'s full-year revenue reached US$2.2 billion, a year-on-year increase of 21%. This growth was mainly due to the company's continued innovation and market expansion in areas such as silicon carbide, car audio, and enterprise notebook battery management solutions. Among them, the fourth quarter revenue hit a record high of US$621.7 million, a year-on-year increase of 37%. In addition, the company's net profit also reached US$1.7867 billion, a year-on-year increase of 318.1%. Although the company's gross profit margin has declined, it still maintains a high operating profit margin.