Monolithic Power Systems (NASDAQ:MPWR) shares plunged more than 7% after-hours following the company’s reported Q2 results. While earnings came in slightly better than expected, the midpoint of the Q3 revenue guidance range missed consensus estimates.
Q2 EPS was $2.82, compared to the consensus estimate of $2.80. Revenue fell 4.3% year-over-year to $441.1 million, compared to the consensus of $440.6M.
For Q3/23, the company expects revenue in the range of $464M-$484M, compared to the consensus estimate of $473.47M.