Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2021

RECONCILIATION OF OPERATING EXPENSES TO NON-GAAP OPERATING EXPENSES
(Unaudited, in thousands)

   Three Months Ended June 30,   Six Months Ended June 30, 
   2021   2020   2021   2020 
Total operating expenses $103,587  $74,638  $198,560  $135,099 
                 
Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:                
Stock-based compensation expense  (31,241)  (20,402)  (59,010)  (38,407)
Deferred compensation plan income (expense)  (2,022)  (3,572)  (2,981)    30  
Non-GAAP operating expenses   $ 70,324     $ 50,664     $ 136,569     $ 96,722  



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