Monolithic Power Systems (MPWR) Research

Forward Estimates

EPS Estimates

Current Qtr

$5.86

$5.82$6.05

vs $4.21+39.2%

15 analysts

Next Qtr

$6.41

$6.21$6.62

vs $4.73+35.6%

15 analysts

Current Yr

$24.02

$23.64$24.91

vs $17.77+35.2%

15 analysts

Next Yr

$30.16

$27.72$34.97

vs $24.02+25.6%

15 analysts

Revenue Estimates

Current Qtr

$902.12M

$900.00M$913.11M

vs $664.57M+35.7%

15 analysts

Next Qtr

$980.50M

$958.00M$1.01B

vs $737.18M+33.0%

15 analysts

Current Yr

$3.70B

$3.66B$3.78B

vs $2.79B+32.6%

15 analysts

Next Yr

$4.52B

$4.21B$5.00B

vs $3.70B+22.1%

15 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for MPWR on EDGAR.

MPWR filing events and research context
Filed	Item	Context
May 4, 2026	mda_quarterly	Monolithic Power Systems reported first-quarter 2026 revenue of $804.2 million, a 26.1% year-over-year increase driven by higher shipment volumes and improved product mix. The Enterprise Data segment served as the primary growth engine, surging 97.7% to $262.8 million due to heightened demand for artificial intelligence and server power solutions. Additionally, the Communications market grew 55.5% to $111.5 million, supported by increased sales of optical modules and switches. These gains were tempered by a 7.5% contraction in the Storage and Computing market, caused by lower demand for notebook and graphics card power solutions. Gross margin remained stable at 55.3%. Key operational risks include semiconductor industry cyclicality, macroeconomic volatility, and geopolitical tensions involving tariffs and export controls. The company maintains a robust liquidity position with $1.37 billion in cash, cash equivalents, and short-term investments. MPWR has $493.4 million remaining in its $500 million stock repurchase program and continues to manage $588.7 million in total purchase obligations, of which $557.5 million is due within the next year.
Feb 27, 2026	business	Monolithic Power Systems (MPWR) is a fabless semiconductor company specializing in high-performance analog and mixed-signal power electronics. The company differentiates itself through proprietary process and packaging technologies that enable highly integrated, energy-efficient solutions, including DC-to-DC and AC-to-DC converters, power management ICs, and driver MOSFETs. Revenue is diversified across several key end markets, led by Storage and Computing (26.3%), Enterprise Data including AI systems (25.2%), and Automotive (21.2%). While fabless, MPWR maintains a competitive advantage by installing its own proprietary technologies at foundry partners in Asia. A significant portion of revenue is derived from Asia (92% in 2025), exposing the company to USD pricing pressures and geopolitical trade regulations. Financial risks include high distributor concentration—with three partners accounting for 54% of 2025 revenue—and inventory volatility stemming from 16-to-26-week supply chain lead times. MPWR operates in a cyclical industry and faces intense competition from large-scale players such as Texas Instruments, Analog Devices, and Infineon. Future growth depends on continued innovation in power efficiency and securing design wins in evolving AI and automotive architectures.
Feb 27, 2026	risk_factors	Monolithic Power Systems operates as a fabless provider of semiconductor-based power electronics, facing the inherent volatility of the cyclical semiconductor industry. The company is heavily exposed to geographic concentration, with revenue from Asia ranging from 87% to 94% over the last three years. Operational risks include difficult revenue forecasting driven by 16-to-26-week supply chain lead times and the ability of customers to cancel or reschedule orders without significant penalty. Key growth drivers and risks are tied to the automotive market—specifically advanced driver assistance systems and infotainment—as well as storage, computing, and communications sectors. Macroeconomic pressures include global tariffs, export control laws, and currency fluctuations. From a financial reporting perspective, the company identified a material weakness in internal controls over deferred income taxes, necessitating a restatement of its 2024 financial statements. Additionally, the company manages a $3.6 billion valuation allowance for deferred tax assets and experiences significant volatility in stock-based compensation due to the probability-based accounting of performance-related equity awards. Litigation risks persist regarding intellectual property infringement and stockholder actions, while the fabless model leaves the company dependent on third-party manufacturing capacity.

Filed

Item

Context

May 4, 2026

mda_quarterly

Monolithic Power Systems reported first-quarter 2026 revenue of $804.2 million, a 26.1% year-over-year increase driven by higher shipment volumes and improved product mix. The Enterprise Data segment served as the primary growth engine, surging 97.7% to $262.8 million due to heightened demand for artificial intelligence and server power solutions. Additionally, the Communications market grew 55.5% to $111.5 million, supported by increased sales of optical modules and switches. These gains were tempered by a 7.5% contraction in the Storage and Computing market, caused by lower demand for notebook and graphics card power solutions. Gross margin remained stable at 55.3%. Key operational risks include semiconductor industry cyclicality, macroeconomic volatility, and geopolitical tensions involving tariffs and export controls. The company maintains a robust liquidity position with $1.37 billion in cash, cash equivalents, and short-term investments. MPWR has $493.4 million remaining in its $500 million stock repurchase program and continues to manage $588.7 million in total purchase obligations, of which $557.5 million is due within the next year.

Feb 27, 2026

business

Monolithic Power Systems (MPWR) is a fabless semiconductor company specializing in high-performance analog and mixed-signal power electronics. The company differentiates itself through proprietary process and packaging technologies that enable highly integrated, energy-efficient solutions, including DC-to-DC and AC-to-DC converters, power management ICs, and driver MOSFETs. Revenue is diversified across several key end markets, led by Storage and Computing (26.3%), Enterprise Data including AI systems (25.2%), and Automotive (21.2%). While fabless, MPWR maintains a competitive advantage by installing its own proprietary technologies at foundry partners in Asia. A significant portion of revenue is derived from Asia (92% in 2025), exposing the company to USD pricing pressures and geopolitical trade regulations. Financial risks include high distributor concentration—with three partners accounting for 54% of 2025 revenue—and inventory volatility stemming from 16-to-26-week supply chain lead times. MPWR operates in a cyclical industry and faces intense competition from large-scale players such as Texas Instruments, Analog Devices, and Infineon. Future growth depends on continued innovation in power efficiency and securing design wins in evolving AI and automotive architectures.

Feb 27, 2026

risk_factors

Monolithic Power Systems operates as a fabless provider of semiconductor-based power electronics, facing the inherent volatility of the cyclical semiconductor industry. The company is heavily exposed to geographic concentration, with revenue from Asia ranging from 87% to 94% over the last three years. Operational risks include difficult revenue forecasting driven by 16-to-26-week supply chain lead times and the ability of customers to cancel or reschedule orders without significant penalty. Key growth drivers and risks are tied to the automotive market—specifically advanced driver assistance systems and infotainment—as well as storage, computing, and communications sectors. Macroeconomic pressures include global tariffs, export control laws, and currency fluctuations. From a financial reporting perspective, the company identified a material weakness in internal controls over deferred income taxes, necessitating a restatement of its 2024 financial statements. Additionally, the company manages a $3.6 billion valuation allowance for deferred tax assets and experiences significant volatility in stock-based compensation due to the probability-based accounting of performance-related equity awards. Litigation risks persist regarding intellectual property infringement and stockholder actions, while the fabless model leaves the company dependent on third-party manufacturing capacity.

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MPWR filing events and research context

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