Monolithic Power Systems Announces Results for the Second Quarter Ended June 30, 2024

*Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.


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

 
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2024   2023   2024   2023 
Total operating expenses $164,042  $135,350  $320,996  $269,854 
                 
Adjustments to reconcile total operating expenses to non-GAAP total operating expenses:                
Stock-based compensation and related expenses*  (51,069)  (36,842)  (100,938)  (72,704)
Amortization of acquisition-related intangible assets  (33)  (33)  (66)  (66)
Deferred compensation plan expense  (1,273)  (2,469)  (4,899)  (5,073)
Non-GAAP operating expenses $111,667  $96,006  $215,093  $192,011 

*Prior periods exclude stock-based compensation related employer payroll taxes from non-GAAP measures due to immateriality.

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