04:23 PM EDT, 08/01/2024 (MT Newswires) -- Monolithic Power Systems ( MPWR ) reported Q2 non-GAAP earnings late Thursday of $3.17 per diluted share, up from $2.82 a year earlier.

Analysts surveyed by Capital IQ expected $3.07.

Revenue for the quarter ended June 30 was $507.4 million, up from $441.1 million a year earlier.

Analysts surveyed by Capital IQ expected $490.6 million.

The company said it expects Q3 revenue of $590 million to $610 million. Analysts surveyed by Capital IQ expect $546.9 million.

Shares of the company climbed 7.2% in recent after-hours activity.

Price: 841.50, Change: +56.55, Percent Change: +7.20