Monolithic Power forecasts Q1 revenue above estimates on AI demand, shares surge

Monolithic Power Systems

06/02/2025 21:57

Feb 6 (Reuters) - Monolithic Power Systems  MPWR.O 
forecast first-quarter revenue above estimates on Thursday,
betting on strong demand for its power control products as
generative AI drives data center expansion, sending its shares
up more than 14% after the bell.
    Growing adoption of the generative artificial intelligence
technology has helped drive demand for the hardware required to
help run advanced data centers, helping providers such as
Monolithic.
    The Kirkland, Washington-based company, which counts AI chip
heavyweight Nvidia  NVDA.O  among its customers, forecast its
first-quarter revenue to be between $610 million and $630
million. Analysts' on average estimate $578.1 million, according
to data compiled by LSEG.
    Its fourth-quarter revenue stood at $621.7 million, compared
with estimates of $608.1 million.
    Adjusted profit was $4.09 per share, beating estimates of
$3.98 per share.
    The company had said in November it remains a supplier for 
Nvidia's next-generation products, brushing off analyst concerns
and media reports about it losing its share of power management
systems to be used alongside Nvidia's latest Blackwell chips.

 (Reporting by Arsheeya Bajwa in Bengaluru; Editing by Shilpi
Majumdar)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))