Monolithic Power’s Margin Jump Came Below Gross Profit. Why That Matters for the Next Downturn

Monolithic Power Systems, Inc. (NASDAQ:MPWR) lifted its second-quarter operating margin to 31% from 24.8%, while gross margin barely changed. The improvement shows how quickly revenue growth can lift earnings when operating expenses rise more slowly. It also identifies a source of downside if semiconductor demand weakens. In the July 30 results, revenue increased 47.6% to […]