Monolithic Power Systems forecasts quarterly revenue above estimates on AI demand

April 30 (Reuters) - Monolithic Power Systems MPWR.O forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand for its power control tools from the build-out of artificial intelligence infrastructure.

The company designs power management semiconductors that regulate voltage and improve energy efficiency in AI servers, data centers, automotive and industrial systems.

• Monolithic Power Systems expects second-quarter revenue of $890 million to $910 million, above analysts' average estimate of $816.2 million, according to data compiled by LSEG.

• The company said in the first quarter it achieved record quarterly revenue of $804.2 million, 26.1% higher from a year earlier.

• Analysts expected first-quarter revenue of $781.3 million.

• The company said its pipeline for automotive and enterprise data end-markets, including server, continued to accelerate as it secured multiple new projects across customers and regions.

• The growing adoption of generative AI has helped drive demand for the hardware required to help run advanced data centers, helping providers such as Monolithic.

• The company reported first-quarter adjusted earnings per share of $5.10, beating estimates of $4.90 per share.