Monolithic Power Systems, Inc. logo

Monolithic Power Systems, Inc.

MPWR

NASDAQTechnologySemiconductors

Previous close

$1,316.28

+$5.68 · +0.43%

Aug 21, 4:00 PM ET

MPWR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

63

Undervalued

Momentum

41

Neutral

Sentiment

53

Mixed

Risk resilience

47

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Monolithic Power Systems, Inc. specializes in the creation, promotion, and sale of advanced semiconductor components for power management. Their innovative solutions cater to a broad spectrum of industries, including information technology, data storage, automotive, industrial applications, telecommunications, and consumer electronics. A core offering consists of direct current (DC) to DC integrated circuits (ICs), which are vital for regulating and transforming electrical voltages in diverse systems such as portable gadgets, wireless local area network access points, personal computers, displays, car entertainment systems, and medical devices. Additionally, they provide integrated circuits specifically designed for lighting control, essential for illuminating liquid crystal display (LCD) panels in laptops, monitors, vehicle navigation systems, and televisions, alongside general illumination products. The company reaches its clientele, which includes major equipment manufacturers, design firms, and electronics assembly providers, as well as other customers, through both direct sales and an extensive network of distributors and resellers across key global regions like China, Taiwan, Europe, South Korea, Southeast Asia, Japan, the United States, and beyond. Founded in 1997, the company's headquarters are situated in Kirkland, Washington.

Industry
Semiconductors
Sector
Technology
Headquarters
US
CEO
Michael R. Hsing
Listed since
Nov 19, 2004
Employees
4,501

Market position

Day range

Current $1,316.28

52-week range

Current $1,316.28

Open
$1,321.49
Previous close
$1,310.6
Volume
529.77K
0.62× average
Average volume
848.19K
Average daily volume
Market cap
64.67B USD
Beta
1.69
Market reference 1
50-day average
$1,379.61
-4.59% below average
200-day average
$1,235.02
+6.58% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
42.46B USD
P/E (TTM)
80.26×
P/B (TTM)
16.6×
P/S (TTM)
19.76×
EV / EBITDA
51.96×
Earnings yield
1.41%
Free cash flow yield
1.53%
Dividend yield
0.54%

Profitability & efficiency

Gross margin
55.20%
Operating margin
28.72%
Net margin
24.41%
Return on equity
17.44%
Return on assets
14.69%
Return on invested capital
15.30%

Financial health

Debt / equity
Current ratio
5.91×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends87%63%38%14%Gross margin, FY2021: 56.75%Gross margin, FY2022: 58.44%Gross margin, FY2023: 56.07%Gross margin, FY2024: 55.32%Gross margin, FY2025: 55.18%Operating margin, FY2021: 21.73%Operating margin, FY2022: 29.36%Operating margin, FY2023: 26.45%Operating margin, FY2024: 24.44%Operating margin, FY2025: 26.11%Net margin, FY2021: 20.04%Net margin, FY2022: 24.39%Net margin, FY2023: 23.47%Net margin, FY2024: 80.95%Net margin, FY2025: 22.07%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 56.75%. Gross margin FY2022 58.44%. Gross margin FY2023 56.07%. Gross margin FY2024 55.32%. Gross margin FY2025 55.18%. Operating margin FY2021 21.73%. Operating margin FY2022 29.36%. Operating margin FY2023 26.45%. Operating margin FY2024 24.44%. Operating margin FY2025 26.11%. Net margin FY2021 20.04%. Net margin FY2022 24.39%. Net margin FY2023 23.47%. Net margin FY2024 80.95%. Net margin FY2025 22.07%.

Income trends

Revenue

2.79B USD+26.43%

Operating income

728.64M USD+35.09%

Net income

615.93M USD-65.53%
Income trends across reported periods3.05B USD2.03B USD1.01B USD−12.82M USDRevenue, FY2021: 1.21B USDRevenue, FY2022: 1.79B USDRevenue, FY2023: 1.82B USDRevenue, FY2024: 2.21B USDRevenue, FY2025: 2.79B USDOperating income, FY2021: 262.42M USDOperating income, FY2022: 526.79M USDOperating income, FY2023: 481.74M USDOperating income, FY2024: 539.36M USDOperating income, FY2025: 728.64M USDNet income, FY2021: 242.02M USDNet income, FY2022: 437.67M USDNet income, FY2023: 427.37M USDNet income, FY2024: 1.79B USDNet income, FY2025: 615.93M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.21B USD. Revenue FY2022 1.79B USD. Revenue FY2023 1.82B USD. Revenue FY2024 2.21B USD. Revenue FY2025 2.79B USD. Operating income FY2021 262.42M USD. Operating income FY2022 526.79M USD. Operating income FY2023 481.74M USD. Operating income FY2024 539.36M USD. Operating income FY2025 728.64M USD. Net income FY2021 242.02M USD. Net income FY2022 437.67M USD. Net income FY2023 427.37M USD. Net income FY2024 1.79B USD. Net income FY2025 615.93M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.79B USD2.21B USD1.82B USD1.79B USD1.21B USD
Cost of goods sold1.25B USD986.23M USD799.95M USD745.6M USD522.34M USD
Gross profit1.54B USD1.22B USD1.02B USD1.05B USD685.46M USD
Research and development382.26M USD324.75M USD263.64M USD240.17M USD190.63M USD
Selling, general, and administrative428.84M USD356.76M USD275.74M USD281.6M USD232.42M USD
Operating expenses811.11M USD681.51M USD539.38M USD521.77M USD423.04M USD
Interest income29.15M USD27.09M USD23.36M USD14.37M USD11.64M USD
Depreciation and amortization51.03M USD36.43M USD40.17M USD37.11M USD28.7M USD
Operating income728.64M USD539.36M USD481.74M USD526.79M USD262.42M USD
Net income615.93M USD1.79B USD427.37M USD437.67M USD242.02M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
100%
11 beats, 0 misses, 0 met estimates
Average EPS surprise
+3.18%
11 comparable reports
Latest EPS result
6.5
Estimate 5.87 · Beat by 10.73%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates86.575.133.7Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 4.09, estimate 4.01, surprise +2.00%, Beat. Q2 2025, reported May 1, 2025: actual 4.04, estimate 4.01, surprise +0.75%, Beat. Q3 2025, reported Jul 31, 2025: actual 4.21, estimate 4.12, surprise +2.18%, Beat. Q4 2025, reported Oct 30, 2025: actual 4.73, estimate 4.64, surprise +1.94%, Beat. Q1 2026, reported Feb 5, 2026: actual 4.79, estimate 4.74, surprise +1.05%, Beat. Q2 2026, reported Apr 30, 2026: actual 5.1, estimate 4.9, surprise +4.08%, Beat. Q3 2026, reported Jul 30, 2026: actual 6.5, estimate 5.87, surprise +10.73%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 7.69, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.2B985.61M773.81M562.01MQ1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 621.67M USD, estimate 608.07M USD, surprise +2.24%, Beat. Q2 2025, reported May 1, 2025: actual 637.55M USD, estimate 634.2M USD, surprise +0.53%, Beat. Q3 2025, reported Jul 31, 2025: actual 664.57M USD, estimate 651.99M USD, surprise +1.93%, Beat. Q4 2025, reported Oct 30, 2025: actual 737.18M USD, estimate 722.4M USD, surprise +2.05%, Beat. Q1 2026, reported Feb 5, 2026: actual 751.16M USD, estimate 742.4M USD, surprise +1.18%, Beat. Q2 2026, reported Apr 30, 2026: actual 804.19M USD, estimate 781.93M USD, surprise +2.85%, Beat. Q3 2026, reported Jul 30, 2026: actual 980.6M USD, estimate 903.3M USD, surprise +8.56%, Beat. Q4 2026, reported Oct 29, 2026: actual —, estimate 1.15B USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1,827.25

38.82% upside
Past 12 months12-month forecastHigh $2,100Average $1,827.25Low $1,500

MPWR news

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$6.24

2025 complete year+160.0% since 2021

2026 partial: $4.00

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Jun 30, 2026

$2.00

Quarterly

Record Jun 30, 2026 · Payment Jul 15, 2026

Dividend

Ex-dividend Mar 31, 2026

$2.00

Quarterly

Record Mar 31, 2026 · Payment Apr 15, 2026

Dividend

Ex-dividend Dec 31, 2025

$1.56

Quarterly

Record Dec 31, 2025 · Payment Jan 15, 2026

Dividend

Ex-dividend Sep 30, 2025

$1.56

Quarterly

Record Sep 30, 2025 · Payment Oct 15, 2025

Dividend

Ex-dividend Jun 30, 2025

$1.56

Quarterly

Record Jun 30, 2025 · Payment Jul 15, 2025

Dividend

Ex-dividend Mar 31, 2025

$1.56

Quarterly

Record Mar 31, 2025 · Payment Apr 15, 2025

MPWR peers

ETFs holding MPWR

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research MPWR

research.disclaimer