What trends are evident in MPWR's 2024 quarterly earnings?

Monolithic Power Systems (MPWR) demonstrated robust growth in revenue and earnings in 2024, with notable trends evident across its quarterly earnings reports:

1. **Revenue Growth**:
- **Q3 2024**: Revenue reached $620.1 million, marking a 30.6% increase year-over-year and surpassing analyst estimates by 3.34%.
- **Q4 2024**: The company reported total revenue of $2.21 billion for the quarter, with a cumulative net income of $1.79 billion.
2. **Earnings Increase**:
- **Q3 2024**: GAAP net income was $144.4 million, or $2.95 per diluted share, compared to $121.2 million, or $2.48 per diluted share, in Q3 2023.
- **Q4 2024**: Net income for the quarter was not explicitly detailed, but the overall annual net income indicates a strong financial performance.
3. **Market Segment Expansion**: Monolithic Power's revenue growth was driven by strong performance across various end markets. Notably, the Enterprise Data segment led with $184.5 million, a significant increase from $98.9 million in Q3 2023.
4. **Operational Efficiency**: The company maintained strong gross and operating margins, with GAAP gross margin at 55.4% and GAAP operating income at $164.0 million in Q3 2024.
5. **Consistent Performance**: Monolithic Power has consistently surpassed analyst estimates for both revenue and earnings, reflecting its robust business strategy and market position.

Overall, Monolithic Power Systems showcased impressive growth in revenue and earnings, driven by market segment expansion and operational efficiency.