MPWR - Earnings call transcript Q4 2024 | Monolithic Power Systems, Inc.

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Genevieve Cunningham

Welcome, everyone, to the MPS Fourth Quarter 2024 Earnings webinar. My name is Genevieve Cunningham, and I will be the moderator for this webinar.

Joining me today are Michael Hsing, CEO and Founder of MPS; Bernie Blegen, EVP and CFO; and Tony Balow, Vice President of Finance. Earlier today, along with our earnings announcement, MPS released a written commentary on the results of our operations. Both documents can be found on our website.

of would today's remind forward-looking that presentation, projections the I the that statements involves begin, Litigation within of Securities course we meaning risk we and like of everyone to in and Reform uncertainty. Before Act Private XXXX the may make SEC results and the identified including uncertainties safe in on filings, Risks, actual harbor other in QX these which from statements found that factors differ and in XXXX the release earnings forward-looking our cause contained XX-K, be Form could to statements our are can website. our

made of are statements we Our update as assume to no obligation and information. this today,

Now I'd call over to the to Bernie turn Blegen. like

Bernie Blegen

consecutive Thanks, and full XXXX to with call. In billion, year year Gen. revenue QX of XXth XX% our of welcome afternoon, from XXXX. $X.X growth XXXX, Good earnings up its MPS posted

quarterly of had fourth in $XXX.X For and strength the XXXX. record above XXXX, focus. of consistent strategy, strong higher quarter revenue QX XX% customer XXXX the continued execution, QX, our market of innovation diversified reflected and performance we million This

XXXX. out applications. from for few highlights high-powered the introduced Let me carbide call clean silicon a energy We inverter

expected late silicon applications in cost-effective XXXX acquisition automotive XXXX. expected DSP from ramp revenue utilizing carbide-based technology XXXX. We introduced to powered both our multiple Axign to family Other be XXXX during of Solutions. high-quality, Additional are geographies by and is a in developed audio MPS products

the converter first focus are management we continues notebook level digital new ramp time solution improved of high-accuracy in power a half battery the innovation, most and our and are to quality. XXXX, expected customers' design to to charge our solving win of maintaining launched problems These analog life. Building mini notebooks, faster in XXXX. challenging stage. we XX-bit converters, a highest on second developing battery which For MPS enable on enterprise are phase and new products sampling significantly

to maintain growth new to as diversify applications technology, chain. and markets allow future adapt expand stability global they our chain supply will invest into and This opportunities, market and supply new changes occur. capture to continue in market We swiftly end to us

Finally, completed program. QX under dividend $XXX week, increase repurchases per will a our we million million during Directors repurchase XXXX, share $XXX $X.XX our to pleased and share authorization. authorized I'm XXXX XX% of announce X-year Board a new quarterly share This to

X MPS has the returned of December For dividends repurchases shareholders to share paid. ending 'XX, cash free its through XX% years flow and

silicon-based semiconductor intact, long-term growth a to we continue full-service will questions. now as open webinar the supplier being our Our solutions strategy a proven remains provider. I for chip-only transformation from up

Genevieve Cunningham

first you, Thank from Svanberg Bernie. Instructions] [Operator of Tore Stifel. is Our question

Tore Svanberg

know results, you dynamics solid the Michael yet end we still talk especially here or soft, little by bit some quarter, segment. the either on Obviously, in quite are a markets about are others Bernie, actually March the Congratulations could healthy.

So on any various really segments in helpful. how see be you quarter March more would the color the

Bernie Blegen

Sure.

a have previously As we market, we to far you of are the fairly of I which need the relative now take enter design delayed outlook, have XXXX. perspective as that greenfield wins, ramp a small lot player, think our the that starting to been we're as to QX size but

to the notebooks are launched of at have of On those the coming consumer, ramps some grow start into to likely and And the at QX that QX going to industrial are will QX and having where continuing the good, look enterprise for those products from X quarter, be new look are new to we in strong. Memory's uplift. continue profile lot bouncing is in a to most know we that when down. also XXXX. don't of and many the and So a is will back data sure, areas but drive be believe that growth we've very contribute wins We had automotive design communications, market. end demand are of the we product

Tore Svanberg

Very the you we dynamics, that trajectory about on Any Again, good. that lot throughout different us calendar a of share 'XX. as different data, enterprise think players obviously, throughout 'XX. growth business And how my should business calender with follow-up -- for can color there?

Michael R. Hsing

customers as talk do, always but the overall, is we near their this near the in control term buying -- market year Yes. a the don't in We and it allocations, this me segment. can't we enough about term gave specific our -- -- is multi-billion-dollar pattern, customers

in that's growth maybe in could or a don't guess. slightly clearly ready But -- we few terms, near opportunities. is getting okay, these next the We is we and be even best multibillion-dollar our We up, it's for this -- year know. years us are for this

Bernie Blegen

Yes.

half year Just the little to that in color believe customer of base a But year. out. We be to is launch broaden we to how year add rolling see new first as develops, a their expected slower start bit as of the we the off products. to the the will hyperscalers

product hyperscalers. customers we with as ramps with as both have existing multiple well So these new

in just as it's flattish be very likely good year. Michael we to a a that and availability believe But believe supply So perspective, shape. quality from we said, we're

Michael R. Hsing

Yes. We It don't could yes. be up too, know.

Bernie Blegen

Exactly.

Tore Svanberg

again the results. Congrats That's fair. on

Genevieve Cunningham

Schafer Rick Oppenheimer. Our next question of is from

Richard Schafer

tack number update I add projects was ramp And of expect that I the into of of on to I'll accelerated and just could you a sense maybe maybe question. us my us give back the year to first you to this if the if wondering congratulations. could XXXX.

this and I'm trying of how... I a TAM. sense get sense. of to Just just heard to billion-plus loud kind Michael, get $X you is a clear, a

Michael R. Hsing

billion So multiple dollars.

Richard Schafer

dollars. billion Multiple

Michael R. Hsing

Yes.

Bernie Blegen

Don't be that. shy about

Michael R. Hsing

like, don't on to that, want that, okay? We're not we lose shy

Tony Balow

jump Tony. is I'll this Rick, in.

Michael timing engaged I difficult think call. want was is what we the hyperscalers. ramp that is the But very for the exact us we're say say to heard across of what you to all

exact that think them. ramp don't times broadly customers out put I to that a across saying are than of So there specific we other we're engaged want number

that's scale second half. to we the through Bernie believe going As said,

Michael R. Hsing

you the said at are -- kind of lot XXXX, going automotive give projects examples. And in we flattish have wins. lot are we a foresee lot up, can that ramp the said ramp to these I you of a of And put we a have is we And all side, the look these an in of design XXXX, we XXXX inventories. years.

Our delayed launch. customer their

designing, months. And us. product, the long really So And revenue affected the especially. designing a as new XX XX 'XX And and don't plus returning but saying we we keep -- I as product months, have to care. minus

Bernie Blegen

to also half in on When 'XX, with built was X of now in against inventory against of what just but the in just consecutive fiber there. solidly we not our And apply add you growth. And the the you center. track 'XX automotive, that it could as the you first if Michael's see, comments can in I But could look delayed, quarters same optics formula had the expectations. to release likewise, seeing it's communications with of what at very data we're

have at control. of we ramps interstates the we're little our technology, out the lot So and but in bit of a that market. is A

Michael R. Hsing

so AI multiple many directly companies. Well, we with even projects working powers, have hyperscale

what which the And I ramping is okay, one so cannot world tell know ramping. magnitude we they are first,

get ready, quality ready get facility to Just get we testing supply chain to the our -- these these are revenues. receive

these to revenues. So turning

care timing the we so less. And

Richard Schafer

talking could. question, Michael. for about auto Thanks into is set isolation color, It's I power that power if going my to content EV XX-volt is conversion you're second believe, remarks, because funny think and that to X/X XXX-volt be about I that's sort second I ramp this The auto prepared batteries year, of I shipping believe you your all Bernie, know EV you business. you're mentioned I of heard in I the half, say. And to

if talk content us looks of changes, content XXXX like last through or content So I all given per all vehicle like what jump your what those additional right, balls? sort potential drivers, versus year these just in looks potential what all could with wonder these new it your you

Michael R. Hsing

ago, these have are once in products now That's -- and product XX-volt all dominant designing And on many, market many XX-volt a for another mentioned and new We're these became hot And it particularly the ready. vehicles. topics. about system lot a very capture their good and okay, a we vehicles put once be And -- can players. based question. up on will years systems, we [indiscernible] have ramping those initially their we auto --

Bernie Blegen

a I And to in quicker is -- this multiyear the new adapt platform, for automotive but rollout think their which EV, it that period. continue starts to is onto we expect technologies with

Michael R. Hsing

the were we are high-power doing all modules Yes. on ] XX-volt provide And discrete these and of the silicon solutions. -- all well of solutions. are significantly again, [ Again, a put it all together changed solutions. And integrated MPS MPS, based these way those XX-volt

So from competitor. of that a rest apart sets definitely MPS the

Tony Balow

you the market, that continue outside just was growth saw hit what in we'd beginning and saw as and more segment, of pure And to broad-based the Rick, Auto sockets we expect additional beyond XX-volt, QX market. to to come ADAS in remember start designs

that's other think dynamic that's happening the well. I as So

Genevieve Cunningham

is question Seymore next of Our from Ross Bank. Deutsche

Ross Seymore

speak things, the revisit things server dynamics going side side what's all? market as market sorts the that But you with those in and share shifts customer changed one has knows of and things. data well. of everybody to overplay the gains and as of happening to not on other enterprise think wanted have share we Just CPU and that. I key the things But that diversification, guys are at

market So those, outside the but just CPU other the ASIC with GPU servers. also share not I the focus of wanted to in providers, really and dynamics on with providers

be helpful. any So would on that update

Michael R. Hsing

else first. let of Ross, something say me

and going Our low, inventory up. to low inventory is -- ramping our inventory channel we're the

the rest [Indiscernible]... Okay. And us of

Ross Seymore

follow-up if know I a don't had that. on I

Bernie Blegen

little by data had lines in me are offer comment these landscape. between more both blurry. we're lines And more products, historically support standard us GPU business, It's I them commentary a going make a hard And the on segment it's CPU than what while have little in and could in. of you of track what so a market in we've lot what a different just is that, generalized components. and for fast-changing And bit becoming to it's direction enterprise about give question. just very The good separation mean a a visibility of we seeing. difficult better either easily It's let to of

Michael R. Hsing

Yes.

add me okay. that, Let to

-- with server see you on shares we're it. getting server up, ramping the We revenue about will side. -- to the the MPS once And markets while significant start have ramp

Ross Seymore

Great. follow-up. as non-inventory guess I my

that for confidence the coms communications growth On comps on you and versus And give side it's driver bit of in new optical guys little us that just little is a on you but profile old I of still, how you little give assume the bit us year. the side, the the idea can things, the kind but well helpful. a the an half details business much of the would second what of did that on the It's just choppy of is that the on a color more gives be year. more

Michael R. Hsing

laughing, We And beginning okay. of the all you are say question. would the

Bernie Blegen

comps, right? Ross. was It

Ross Seymore

just guys new on talking many, you it's have many and some growing Yes, there's that -- legacy that finally but for last know communications been I years and the pieces. year, side, about some pieces did

So try I get the to difference wanted between color some to on them. just

Bernie Blegen

the of about. look And think as that in we've Ross, the calling that you when If is been data optical. talk really the Michael of you area forward, continue that hit I we'd comps to heard you it going you part at expect question, center were kind opportunity Yes, of out right? overall asking strength

think I business. biggest seen that inflection quarters couple the point that's the over versus the So of you've legacy probably past

Genevieve Cunningham

of from is Gary Mobley question next Loop Capital. Our

Gary Mobley

wanted And customers start us Let sense me customer of can you extend my question. than how that year Were greater if XX% least I you name housekeeping big fiscal the give there the a at well. 'XX. to was in can't with any congratulations as year? customer, a in

Bernie Blegen

Certainly.

said through that QX, For XX% one XX-Q, in were we greater which year and that distributors the and X than carries was customer for quarters, XX% well. customers, the than that had as full our are QX we greater indirect direct that X

Gary Mobley

a in Okay. in publish number of we'll you the of us XX-K revenue that from terms direct give percentage that customer? can't But the

Bernie Blegen

Not at this time.

Gary Mobley

converters, to management ask power Okay. outside battery I shots count there's some silicon your maybe press your goal of I market. audio correctly, that X of if And would traditional on and right. I DSP release wanted data diversification you highlighted tried. and in revenue about systems. those carbide, management be All and

top a be much of is, what be revenue of can frame? my So question growth year big differently, how how 'XX traditional fiscal in Or terms power said in can that you're catalyst on management? time the producing

Michael R. Hsing

voltage mean, -- we management And $X don't are management don't low course, if numbers, for power, are, of all put is the billion, want on management. of much power of for about what couple me in to power but carbide a Traditional they're also put higher that. it's is, to these the them, these and line to again, high a the are opportunity is power silicon okay, time you I things but talking these MPS. want very billion-dollar on is

Okay.

Bernie Blegen

We can picked I decides what market areas to a think script, into put lot in for prioritize. for of in to as time, that a could the be of a different we only plant a but but the continues seeds our revenue lot couple strategy turn few

Michael R. Hsing

you and on of the if will don't of -- the MPS when these over, we what all yes, Day Well, I we contribute down And in will is, MPS, new that's change, the -- see few point. technologies. so past a faster on anything or want this years to for March see have good XXth, growth. time we a -- look model we slower. what the come should only Analyst you would And reason that, next any number? will you lot the is at showcase the if And you say paying -- I

Genevieve Cunningham

from Our is next Bolton Needham. question Quinn of

Quinn Bolton

well. a year start I Michael, offer strong my very I the the Bernie, as March congratulations quarter. guess, in to obviously,

more sound about comments business weighted. second be like Your half certainly data that might enterprise

slower think stronger. you of pattern sort that revenue to trying half you Do some second Is through puts expect just what I'm guess XXXX? you first would I the so half the and have And takes. materially think

kind revenue linear any shape a thoughts the 'XX of year? it's be of through helpful. would through Just more of on so ramp And sort the

Bernie Blegen

Yes.

in going enterprise at the we when information design relatively get times that in be though, made outlook short we've AI volatile have or data actual POs comment be as and that side for wins, the very the and of is year particularly to the for we of we looks an ramping. as that far tended expectation Keep has far secured that lead So to the hard as really delivery. as what mind,

think a to the that curve to be I the by out But So flattish year within likely what determined. that's weighted we're of we believe over back is to quarters secure the that plays saying happen, context how half. most is very actually

Michael R. Hsing

Yes.

me will. volatile if Let Bernie industry, add, at -- this very is said is initial applications, these you And again, ramp. and the

only you customers. a And so with -- we have few involved

the it Now MPS, good start multiple and a and single to focus talked they on again, have we customers. And we within It's for segment. ramp. about diversification we even very before, so

Quinn Bolton

really you're just thinking I of guess what in seeing Data Okay. like-for-like going was pricing sense sort higher of silicon-only that be I just Enterprise solution my much away designs of newer question, carry then Can terms for assume dollar second about the segment. you from move two, to solution? And you. us the of one, a give those a to module more some I much think pressure. And content I a

year you like-for-like as business do that as you mix higher some trends the you customer, designs, go platforms you so think even some -- through new the the the hyperscaler you And ramp pricing, that see of blended do new ramp? in ASP could if see these

Michael R. Hsing

a in with have XX in time we as this business our gross is take Well, margin have We the modules. we engaged products going power models XX, these all short doesn't very don't MPS to we're last And performance. And months, well the in design we we have a -- in model, if -- suppliers forth, we -- future products many MPS the provide any. a silicon model. as And the business scales, with where fit is and away stick all in the hyper margin future these so so designed also, reason leading projects it those development. models

Genevieve Cunningham

is Our Wolfe. of from Chris next question Caso

Christopher Caso

Yes. correctly start, to the understood I some comments. make want to I of I just just guess sure

that or of to you for of the of associated the talked custom in in half the Is data how -- AI. about enterprise some happen And of strength not the second the year, at about what's And talk with year? assuming maybe you could back of flattish weighting? look data back segment, you the the enterprise that when some of half? that that's kind the the So hyperscale ramps half back entirety I'm weighted year? the driving driving What's the half that just

Bernie Blegen

half. of that ramps ramps It's our SoCs second in different in and We've but accurate then observation. that as out. are the as the some the existing particular, have that's the the to business, been demand profiles the AI customers to multiple we have for look weighted products come within expected ramping, products -- those, enterprise of some tensor Chris, that's in really And data. and just new an addition, processor prototyping are well. And at will revenue they're those

I what for trickle-down well memory, specifically, the during as growth outlined X AI areas and we see as or the is of networking those applications other as think ingredient that are XXXX. optical enterprise the and to we've all another to in data referred important effect are

Christopher Caso

fairly you you of you're guys as guess, is trajectory as we I'd the as revenue the go some a I are the lumpiness the you mean, is this that your better some thought as [ ramping I safe full better you Enterprise to there go do see Data through little in space. What's year, seasonal should the from stable in others the early slope ] through a that out to you the year? And Right. at seeing the up excluding look obviously, of starting are say opportunities what with go of Or kind year? QX. year. consider any -- business, we through regard year than and on the than

Michael R. Hsing

Yes, difficult by It's to I we by Surely can tell very year. year don't go by you year year, some. you say. go by

all we I will year report I'll mean the -- but you Okay, give have to And examples. it year. by

out of start a product, other pulling Our works. customers lot to large push some

move in telling can't can't we been year, next customers, hyperscale other and or our a to this keep started of ramps, revenue year ramp. ramp other and we needles tell. okay, So really the has Whether to of start us we we're going QX tell the QX effective,

Bernie Blegen

Yes. Michael's, I'd quality and just the products we only what that's turn thing now. as can can right? organization the Maybe focus do with best the the the back add right plays control, revenue. into to market that will it you at then on the and on best comes providing And what through looking And

to think a don't trying get I So debate quarter-by-quarter we're Chris. into here,

dynamic half I think kind half, of in point. first that's we more second this at how the landed

Genevieve Cunningham

next Joshua Our Buchalter question from of is Cowen.

Joshua Buchalter

vendors of the seeing they how just you but I'd more power curious the the ASIC if that done be sockets to A not hyperscale with space hear these in couple engagements that we dual -- sockets? I the talked accelerator quantify already share, AI these sort companies compare I the sourced. have guess the analog of to year. what you're know competitive going the And environment program expect as and programs to in back be in times, saying merchants of to about necessarily side, the half majority you've of a these you've you're well. Would and so of driving ASIC lot growth in there's are

Bernie Blegen

Sure.

first there. the take me Let opportunity

lead along we track ability at our because our reason -- record secure new, say our performance I our If relatively characteristics. of in AI you time to recent most able market, the and initially and position overall to look with were to innovate is a new the business, new

is these So said those mover decision on at have times or in to opportunity control look this don't we've extent when process why. couple the that, our give the first as a advantage. necessarily an that product a we us qualities customers, of what are their we is valued call that launches, But that to

that And towards so see the we'll with our year we turn how end and positioned believe we're lead the well strengths of again, out then the numbers and here.

Michael R. Hsing

And you second paying that half, Yes, be could as QX, be this to I the and early QX. of okay, on the in year near said things, pulling okay we the overlaps lot I the our okay, of some we of What or I It of mentioned very cannot tell. of QX even other so half earlier, the out ramp. -- but very large QX mean could or mean push next in down future. pulling, is it, a customers, you're year ones second mean,

Bernie Blegen

a in cautiously put punctuation to is certainly direction. momentum but optimistic, guess remain our statement, right we I the

Michael R. Hsing

it. That's say the professional way to

Joshua Buchalter

Bernie. We both Thank you always get answers the more the color for professional there. from

I follow-up, clues you give of enough growth expecting us any give be my out? company outlook growth. level, the XXXX rough to growth for guess to enterprise sort either a to which biggest can for segment to you contributors And data more would you're of As the expect XXXX. you're sort kind at Any how on shake

Michael R. Hsing

ones, that I many focus -- the okay, we multiple it coming is in them. ones numbers Yes. that multiple -- key Biggest growth well, strategy. the different other different we we wrong, And on of are think was thinking pick them will up. the sometimes there's we're segments. a and of diversified -- -- ramp a And And

other same performance as work, the will thing we've bring in up highest then best for last market. things products the work, always we that's So if as playing been with performance, doesn't the And our -- this strength. and long And principles okay, always the XX years.

whatever other We will pick down will segment reasons, this -- if slows for segment the up.

Genevieve Cunningham

Truist. of Stein Will from is question next Our

William Stein

Great.

everyone's data. about with is been start me enterprise what Let asking

going X% be help give just modeling on highlighted, bit little because maybe XX%, like sequentially, us us down please? be can it's to down context, I that like you give could it little down Bernie, the you dimensionalize to or think a some a

Bernie Blegen

Yes.

can that said is risk our QX that I of be that given And would probably just is Michael in we be stratify I against we've for on this believe the a being might hard. on with trying again, see point the model based the patterns. our and to the of market we difficult. precision Again, backlog, profile level in we ongoing ordering as can what to continuing total actually what point think it deliver outlook the at a the would end strength diversification. that comfortably really But

Michael R. Hsing

may long-term. business, be okay, and the go for you It for revenues. for the mean we near-term Yes, looking positions, our doesn't go and in long-terms, realities we will have uplifting in

William Stein

model of should another Should problematic. a I as we many Yes. that's I microcontrollers talked DSPs we ability silicon follow-up, past, and it's now expect digital to it's Michael, I not even, meaningful Clearly, part in your any There's carbide my Maybe can. time? or of a technology become to in focus converters switch that and -- a expect the or revenue know A your capability part bit. having well of microcontrollers. you power bigger me to over some understand. talk I as sort like -- term not Historically, if so revenue change? logic new near products, a about is other let little you about gears think the

Michael R. Hsing

good as sell. a list questions. product don't them a we Very And we microcontroller standard out that stand-alone

up XX XX, ongoing. have we okay? And projects fact, I is many microcontrol microcontroller can of we come a recall, now, sell we as -- as a in my many -- As mind, matter

is so lighting, earlier AI, in part. And Some sell -- they and MPS last microcontrollers integrated. we is these separate lot And said also of standard clearly, don't Bernie audios in a the power part. assisting shipping. But the separate. what as of This it. microcontroller microcontroller have role. a a the is supply, lot list Microcontrollers we And items in these microcontroller and all are -- powers, level. the we of the solution plays on to that's evolving were few don't a a reason including other all silicon-based other company. these is conference, key stuff And all the including all But

Genevieve Cunningham

Our next from question Kerwin of Morningstar. is William

William Kerwin

March be I'll beat some least A to any forces. the sounds lot in to driving seemed so try so of questions it good maybe far, But dead automotive, communications growth. like at the of not quarter,

So could a XXXX. wondering markets for into gains those in for give broader demand you share I'm if your view the those And opportunities two? just for

Bernie Blegen

Sure. we automotive at end markets, Q&A, that being Well, the way. have by you the the good design the most probably to are And to long ones itself hear When lends you of the a cycles. in look traditional most predictive win for for to years a in as years X because to combustion. gets we EV X many an it design as when X or advance launched X secured internal

of Now having when market, said context to get within of X that, the timing question we X comes to be the win we But design the a mark. those months ramps, remains still can reasonably predictive.

as an of company. And well last EV very opportunities base China. American to that ADAS a expect second And at X be solution, we're likely in EVs in but to going in is our ramp what's to content revenue half by look diversify the then with customer of European communications quarters North optics. autonomous fiber driving far side, as So I over we year. the stages primary that when -- in that the think able be those is been being growth opportunities, we as We up the customers, particularly X you of that more started additional out early the continuation supplemented a as see in will driving the automotive, OEM year, bringing

Michael R. Hsing

Yes. always, As pattern. the

William Kerwin

the of And call, maybe that which what enter And on you maybe a products perspective? one these to really excite the the one are might new new these most from growth That's were just you do just are attractive, you that able excellent. some introduced of think, the then of the markets with that most? at be start the

Michael R. Hsing

to product now. we okay? come should over haven't be And these most Come equal grow Analyst are same Day, -- March XX. The right exciting yet. very announced babies, They all

Bernie Blegen

picked that. behind we X, there's many more Again, but

we sure to we pick Actually, just the have make a So to to for the had it's Day. Investor wanted hard one. best turnout teaser

William Kerwin

Well, we'll more for Okay. Excellent. in March. detail wait

Operator

is Rosenblatt. from question next Mosesmann Hans of Our

Hans Mosesmann

is I'll be a enterprise split between for data What if possible? non-AI, the quick. that's follow-up. And your I and have AI

Bernie Blegen

I answered Again, that we have that think to saying don't so really make lines way question by already meaningful we divide. Yes. are a that getting those blurry,

Michael R. Hsing

appreciate customers customers made our -- we're very those have not we numbers. our and it -- disclose And clear. And

Hans Mosesmann

and memory Is non-AI considered optical. Historically.

Bernie Blegen

They communication, market different storage. and memories segments. are Optical and

Hans Mosesmann

Fine.

risk split? this is if historical year? or you your it for your of XX-XX XX-XX What Is year answer. between the share At customer Okay. upsetting versus What's AI the customers? customers, the a accelerator

Michael R. Hsing

as and near this and clear end a more -- are -- the we we don't. in the a we're probably term -- also at it's Bernie customers a have frankly, in not said, to release it. For answer will we have And by doesn't want position our to now they the us but by year, year where And same of the in picture, And share product, mare we either a way, these informations. product. also

Operator

Quatrochi Fargo. is question from last Joe from Wells Our

Joseph Quatrochi

PCs? Just see Is Or that into is quarter. Wondering talking starting from what's strength that are for pull -- that? you're guys AI you about curious notebook first channel strength on refill. to the the it driving that

of some Just dynamics. trying understand to the

Bernie Blegen

That's a great question.

are atypical for lot that believe a but recently as we wins had bit ramp it's AI demand, new more tied that of little a in we've of QX. notebooks said, fact, the into design In I an product

it. on a why don't So behind have we really answer the definitive

Joseph Quatrochi

to Any to seeing power starting Are trying the just Or are for second data. those just try you're projects think like customers? largely half that enterprise solutions that then can that and the the shipping that And as more it. to you provide about are you lateral they to architectures of to think move in help being about vertical your ramping new solutions? opportunities? Got still

Bernie Blegen

Yes.

you going a that not heard I customer think specifically of couple us on talk solution. times we're talk any their particular architectural or to

and choose is do is performance, a proposition in winning us, think the the with them. And value products the as again under. can focus for best continuing principles sockets. of and I you the going the what earlier Michael's of then quality, most works interested far basically comment, what What portfolio as best we see doing on providing for as to to we're operate customers back

Michael R. Hsing

Yes.

lateral not does power. reveal want power customers particularly to or vertical us Our the

Genevieve Cunningham

I turn back the concludes Bernie. to to like session. Q&A our webinar This would now over

Bernie Blegen

thank for to call. all joining like I'd for conference us you this

hosting be and Michael we Investor The a markets. our a will of lot and other will latest XXXX. session showcase our reminder, strategy. quick -- and and San Q&A will XX, number on our executives at a vision of for applications our a elements for innovation presentations, held demos be long-term of company's of a growth other include live March As Jose MPS offices number the Day key of will outline solutions event

If please you haven't done so your e-mail mpsinvestor.relations@monolithicpower.com. to already, RSVP

Investor website. Separately, a access the can our XXXX conference during May. look be I live you forward in call, day. of which also quarter first and our event again will have on held You Relations talking nice a Thank stream to to you, likely

Monolithic Power Systems (MPWR) 6 Feb 252024 Q4 Earnings call transcript