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RECONCILIATION OF GROSS MARGIN TO NON-GAAP GROSS MARGIN
(Unaudited, in thousands) | ||||||||||||||||
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Three Months Ended
September 30, |
Nine Months Ended
September 30, | |||||||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||||||
| Gross profit | $ | 263,541 | $ | 290,902 | $ | 769,996 | $ | 780,743 | ||||||||
| Gross margin | 55.5 | % | 58.7 | % | 56.3 | % | 58.5 | % | ||||||||
| Adjustments to reconcile gross profit to non-GAAP gross profit: | ||||||||||||||||
| Stock-based compensation expense | 1,020 | 1,186 | 3,317 | 3,691 | ||||||||||||
| Deferred compensation plan expense (income) | (75 | ) | 5 | 385 | (46 | ) | ||||||||||
| Non-GAAP gross profit | $ | 264,486 | $ | 292,093 | $ | 773,698 | $ | 784,388 | ||||||||
| Non-GAAP gross margin | 55.7 | % | 59.0 | % | 56.6 | % | 58.8 | % | ||||||||
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Monolithic Power Systems Announces Results for the Third Quarter Ended September 30, 2023
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