Monolithic Power Systems, Inc. (NASDAQ:MPWR) Q1 2024 Earnings Call Transcript

Melissa Fairbanks: Yes, yes. I’m adjusting my model accordingly. So, I know you guys addressed auto earlier. And I know everyone is focused on enterprise data. But I would like to understand better, we’re coming up on the model year builds, for like model year ’25. I would like to know where you feel comfortable guiding the auto revenue from here?

Bernie Blegen: Yes, so let me take that one. A lot of the exposure we have with new content is with the EV companies. And so, Michael touched on the opportunity, particularly as it relates to Chinese OEMs, where we have a good install base, particularly as it relates to ADAS or autonomous driving. And those tend not to be as seasonally driven as the internal combustion.

Melissa Fairbanks: Right.

Bernie Blegen: So, while we’re seeing some sequential improvement quarter-by-quarter during the year, we don’t necessarily — we’re not looking for that hockey stick that used to occur with the automotive sales in Q3.

Melissa Fairbanks: Okay, got it. Thank you very much guys.

Michael Hsing: All right, thank you, Melissa.

Genevieve Cunningham: I would now like to turn the webinar back over to Bernie.

Bernie Blegen: So, I’d like to thank you all for joining us on this conference call, and looking forward to talking to you again during the second quarter conference call, which will likely be in late July. Thank you. Have a nice day.