Monolithic Power Systems Announces Results for the Fourth Quarter and Year Ended December 31, 2023 and an Increase in Quarterly Cash Dividend

The following is a summary of revenue by end market (in thousands):

   Three Months Ended
December 31,
   Year Ended December
31,
 
End Market  2023   2022   2023   2022 
Storage and Computing $117,312  $120,840  $491,139  $452,594 
Enterprise Data  128,897   68,433   322,980   251,415 
Automotive  89,758   97,378   394,665   300,016 
Industrial  33,378   56,063   172,717   219,179 
Communications  40,926   64,283   204,911   251,452 
Consumer  43,741   53,015   234,660   319,492 
Total $454,012  $460,012  $1,821,072  $1,794,148 
 

The following is a summary of revenue by product family (in thousands):

   Three Months Ended
December 31,
   Year Ended December
31,
 
Product Family   2023     2022     2023     2022  
DC to DC   $ 427,873     $ 432,513     $ 1,718,623     $ 1,696,594  
Lighting Control     26,139       27,499       102,449       97,554  
Total   $ 454,012     $ 460,012     $ 1,821,072     $ 1,794,148  
 

“While we continue to be cautious about near-term business conditions, we believe our long-term growth strategy remains intact, and we can swiftly adapt to market changes as they occur,” said Michael Hsing, CEO and founder of MPS.

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