Monolithic Power Systems, Inc. (MPWR) reported healthy first-quarter 2024 results, with the bottom and the top lines beating the respective Zacks Consensus Estimate. Despite declining trends in several verticals, the Kirkland, WA-based company witnessed modest revenue growth year over year, backed by strong momentum in the Enterprise Data vertical. Net Income Net income, on a GAAP basis, was $92.5 million or$1.89 per share compared with $109.8 million or$2.26 per share in the year-ago quarter. Higher oper ...