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@MPWR solid

Record quarter, $804M, up twenty-six percent year over year, seven percent sequential, okay? Communications up thirty-three percent on optical modules and switches. Gross margin fifty-five-five, flat fourth quarter, low end of the model. Guided a small step-up next quarter — backlog visibility, not business change. CEO drew the line: no false hope we jump high. That's not MPS. Full year twenty-seven-nine, up twenty-six-four. Cautious on the back half. We win the socket. Design wins turn into revenue. Plus minus a year.

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MPWR / A record quarter, held to the same margin