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Monolithic Power Systems, Inc. (MPWR) CEO Michael Hsing on Q1 2022 Results - Earnings Call Transcript

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Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2022 Earnings Conference Call May 2, 2022 5:00 PM ET

Company Participants

Genevieve Cunningham - Supervisor, Marketing Communications

Bernie Blegen - VP & CFO

Michael Hsing - Founder, Chairman, President & CEO

Conference Call Participants

Alex Vecchi - William Blair & Company

Matthew Ramsay - Cowen and Company

Nathaniel Bolton - Needham & Company

William Stein - Truist Securities

Richard Schafer - Oppenheimer

Christopher Caso - Raymond James & Associates

Tore Svanberg - Stifel, Nicolaus & Company

Ross Seymore - Deutsche Bank

Hans Mosesmann - Rosenblatt Securities

Genevieve Cunningham

Welcome, everyone, to the MPS First Quarter 2022 Earnings Webinar. Please note that this webinar is being recorded and will be archived for one year on our Investor Relations page at www.monolithicpower.com. 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; and Bernie Blegen, VP and CFO.

In the course of today's conference call, we will make forward-looking statements and projections that involve risks and uncertainty, which could cause results to differ materially from management's current views and expectations. Please refer to the safe harbor statement contained in the earnings release published today. Risks, uncertainties and other factors that could cause actual results to differ are identified in the safe harbor statements contained in the Q1 earnings release and in our SEC filings, including our Form 10-K filed on February 25, 2022, which is accessible through our website. MPS assumes no obligation to update the information provided on today's call.

We will be discussing gross margin, operating expense, R&D and SG&A expense, operating income, other income, income before income taxes, net income and earnings on both a GAAP and a non-GAAP basis. These non-GAAP financial measures are not prepared in accordance with GAAP and should not

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