Full Year 2024 Highlights
Revenue: $2,207.1 million, up 21.2% YoY.
GAAP Net Income: $1,786.7 million, surged 318.1% YoY, driven by a one-time tax benefit.
Non-GAAP Net Income: $689.8 million, up 20.0% YoY.
Diluted EPS: GAAP EPS rose to 36.59(+317.7% YoY）
Key Growth Drivers: Enterprise Data revenue soared 121.7% YoY to $716.2 million, fueled by AI and server solutions.
Q4 2024 Highlights
Revenue: $621.7 million, up 36.9% YoY and 0.2% QoQ.
GAAP Net Income: $1,449.4 million (+1,395.7% YoY), including a significant tax benefit.
Non-GAAP Net Income: $198.4 million, up 40.9% YoY but down 0.2% QoQ.
Diluted EPS: GAAP EPS jumped to 29.88(+1,409.1
29.88(+1,409.14.09 (+42.0% YoY).
Segment Performance:
Enterprise Data: $194.9 million (+51.2% YoY, 31.3% of total revenue).
Automotive: $128.4 million (+43.0% YoY, 20.6% of total revenue).
Balance Sheet & Capital Allocation
Cash & Equivalents: 862.9𝑚𝑖𝑙𝑙𝑖𝑜𝑛𝑎𝑡𝑄4’24𝑒𝑛𝑑,𝑑𝑜𝑤𝑛𝑓𝑟𝑜𝑚
862.9millionatQ4’24end,downfrom1.46 billion in Q3’24, primarily due to $622 million share repurchases in Q4.
Dividend Increase: Quarterly dividend raised 25% to $1.56 per share.
New Buyback Program: $500 million authorized over three years.
Q1 2025 Outlook
Revenue Guidance: $610–630 million.
Non-GAAP Gross Margin: Forecasted at 55.4%–56.0%.
Non-GAAP Operating Expenses: Expected between $126.9–130.9 million.
MPS continues to leverage innovation in power solutions across high-growth sectors, maintaining its 13th consecutive year of revenue growth.
Warm reminder: The above information is for reference only and not as market entry advice; investment is risky and caution is required when entering the market.
