Power management chips maker Monolithic Power Systems (NASDAQ:MPWR) will be reporting results tomorrow after market close. Here’s what to look for.

Monolithic Power Systems beat analysts’ revenue expectations by 2.3% last quarter, reporting revenues of $621.7 million, up 36.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ EPS estimates but revenue guidance for next quarter missing analysts’ expectations significantly.

Is Monolithic Power Systems a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Monolithic Power Systems’s revenue to grow 38.3% year on year to $633.3 million, improving from the 1.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $4.00 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Monolithic Power Systems has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.5% on average.

Looking at Monolithic Power Systems’s peers in the analog semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 4.1%, and Impinj reported a revenue decline of 3.3%, topping estimates by 3.7%. Texas Instruments traded up 6.7% following the results while Impinj was also up 16.9%.

Read our full analysis of Texas Instruments’s results here and Impinj’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the analog semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. Monolithic Power Systems’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $759.81 (compared to the current share price of $583.78).

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