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MPWRMonolithic Power Systems, Inc.
$1272.81$62.5B
Overview & Verdict
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MPWR logoMonolithic Power Systems, Inc.(MPWR)Earnings, Financials & Key Ratios

MPWR•NASDAQ
$1272.81
99.8× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustryPower Semiconductors and Discretes
AboutMonolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the computing and storage, automotive, industrial, communications, and consumer markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as portable electronic devices, wireless LAN access points, computers and notebooks, monitors, infotainment applications, and medical equipment. It also offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in notebook computers, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors and value-added resellers, as well as directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers in China, Taiwan, Europe, South Korea, Southeast Asia, Japan, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.Show more
  • Revenue$2.79B+26.4%
  • EBITDA$780M+35.4%
  • Net Income$616M-65.5%
  • EPS (Diluted)12.75-65.2%
  • Gross Margin55.18%-0.2%
  • EBITDA Margin27.94%+7.1%
  • Operating Margin26.11%+6.9%
  • Net Margin22.07%-72.7%
  • ROE18.45%-73.2%

MPWR Price & Volume

Monolithic Power Systems, Inc. (MPWR) stock price & volume — 10-year historical chart

Loading chart...

AI Driven Revenue Growth Fuels Margin Expansion

Investment Thesis • Updated 2026Q1

VerdictPositive
Growth:Accelerating
Profitability:Strong
Financial:Fortress
Cash Flow:Robust
Primary Risk:Geopolitical Supply Chain Concentration

Key Thesis Takeaways

  • Monolithic Power Systems is capitalizing on the secular expansion of high-performance computing, evidenced by a 26.1% revenue growth rate in 2026Q1.
  • While the company maintains a fortress balance sheet with zero debt, investors should monitor the potential for channel inventory bloat given the reliance on distributor-level revenue recognition.
  • Sustained operational leverage and a disciplined fabless-lite model support a positive long-term outlook, though the high valuation multiples warrant caution regarding future growth expectations.

Verdict Logic

the company demonstrates significant operating leverage with operating income scaling to $241.2 million in 2026Q1, though the high 103.01 P/E ratio suggests that much of this growth is already priced into the stock.

MPWR Growth Metrics

Monolithic Power Systems, Inc. (MPWR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years23.68%
5 Years27%
3 Years15.86%
TTM23.9%

Profit CAGR

10 Years33.15%
5 Years30.24%
3 Years12.06%
TTM-63.05%

EPS CAGR

10 Years30.95%
5 Years29.51%
3 Years12.1%
TTM-63.18%

Return on Capital

10 Years19.39%
5 Years23.83%
3 Years21.35%
Last Year20.39%

MPWR Recent Earnings

Monolithic Power Systems, Inc. (MPWR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$5.10+4.1%
$4.90
Rev
$804M+2.8%
$782M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$4.79+1.1%
$4.74
Rev
$751M+1.2%
$742M
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$4.73+1.9%
$4.64
Rev
$737M+2.0%
$722M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$4.21+2.2%
$4.12
Rev
$665M+1.9%
$652M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$5.10vs $4.90+4.1%
$804Mvs $782M+2.8%
Q1 2026Feb 5, 2026
$4.79vs $4.74+1.1%
$751Mvs $742M+1.2%
Q4 2025Oct 30, 2025
$4.73vs $4.64+1.9%
$737Mvs $722M+2.0%
Q3 2025Jul 31, 2025
$4.21vs $4.12+2.2%
$665Mvs $652M+1.9%
Based on last 12 quarters of dataView full earnings history →

Latest MPWR News

Recent stock market news and headlines for Monolithic Power Systems, Inc. (MPWR)

Seeking Alpha·6 days ago
Top 25 High-Growth Dividend Stocks For July 2026

The July 2026 Top 25 High-Growth Dividend Stocks list targets high-quality companies with strong dividend growth and attractive valuations. The list's average starting yield is 1.13%, with a collective 5-year dividend growth rate of 16.24% and an estimated +23% annual long-term return. Key standouts include Nvidia (NVDA) for growth and undervaluation, Accenture (ACN) and Intuit (INTU) for high yields, and Monolithic Power (MPWR) for dividend growth.

InvestorPlace·Jun 28, 2026
3 Stocks to Buy for the AI Convergence

Tom Yeung here with your Sunday Digest . In 2025, two professors wanted to see whether ChatGPT made people less creative.

Zacks Investment Research·Jun 24, 2026
MPWR Benefits From AI Infrastructure Boom: Should You Buy the Stock?

Monolithic Power is gaining from AI infrastructure demand, with power solutions supporting servers, data centers and networking equipment.

Zacks Investment Research·Jun 24, 2026
3 Top AI Giants With Solid Short-Term Price and Long-Term EPS Upside

DELL, MPWR and HPE pair AI infrastructure momentum with strong long-term EPS growth and notable short-term price upside.

Zacks Investment Research·Jun 22, 2026
Can Monolithic Power Capitalize on Rising Telecom Solutions Demand?

MPWR is expanding in telecom semiconductors as 5G and networking demand lift communications revenues and fuel the need for efficient power solutions.

Peers Comparison

Key metrics vs top competitors for Monolithic Power Systems, Inc. (MPWR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
MPWR logoMPWRMonolithic Power Systems, Inc.Current
$1272.81$62.53B99.8326.43%22.07%18.45%0.46%
ENTG logoENTGEntegris, Inc.
$135.08$20.57B87.15-1.38%8.18%6.74%—
POWI logoPOWIPower Integrations, Inc.
$66.84$3.72B171.375.85%3.72%2.44%—
DIOD logoDIODDiodes Incorporated
$91.57$4.21B64.0413.04%5.5%4.4%—
SLAB logoSLABSilicon Laboratories Inc.
$217.80$7.18B-110.0034.29%-6.13%-4.66%—
IOSP logoIOSPInnospec Inc.
$81.66$2.01B17.49-3.65%6.38%8.64%—

Compare MPWR vs Peers

Monolithic Power Systems, Inc. (MPWR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ENTG

Most directly comparable listed peer for MPWR.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare MPWR against a more recognizable public peer.

Peer Set

Compare Top 5

vs ENTG, POWI, DIOD, SLAB

MPWR SEC Filings & Documents

Monolithic Power Systems, Inc. (MPWR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jun 12, 2026·SEC

Material company update

Apr 30, 2026·SEC

Material company update

Feb 27, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 27, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 4, 2026·SEC

FY 2025

Nov 5, 2025·SEC

FY 2025

Aug 4, 2025·SEC

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MPWR Frequently Asked Questions

Monolithic Power Systems, Inc. (MPWR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Monolithic Power Systems, Inc.'s revenue?

Monolithic Power Systems, Inc. (MPWR) reported $2.96B in revenue for fiscal year 2025. This represents a 24127% increase from $12.2M in 2002.

How fast is Monolithic Power Systems, Inc. growing?

Monolithic Power Systems, Inc. (MPWR) grew revenue by 26.4% over the past year. This is strong growth.

Is MPWR profitable?

Yes, Monolithic Power Systems, Inc. (MPWR) is profitable, generating $675.4M in net income for fiscal year 2025 (22.1% net margin).

Dividend & Returns
Does MPWR pay dividends?

Yes, Monolithic Power Systems, Inc. (MPWR) pays a dividend with a yield of 0.46%. This makes it attractive for income-focused investors.

What is MPWR's return on equity?

Monolithic Power Systems, Inc. (MPWR) has a return on equity (ROE) of 18.4%. This is reasonable for most industries.

What is Monolithic Power Systems, Inc.'s free cash flow?

Monolithic Power Systems, Inc. (MPWR) generated $627.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in MPWR back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →