MPWR Stock - Monolithic Power Systems, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $2.21B | $1.82B | $1.79B | $1.21B | $844.45M |
| Gross Profit | $1.22B | $1.02B | $1.05B | $685.46M | $465.95M |
| Gross Margin | 55.3% | 56.1% | 58.4% | 56.8% | 55.2% |
| Operating Income | $539.36M | $481.74M | $526.78M | $262.42M | $158.88M |
| Net Income | $1.79B | $427.37M | $437.67M | $242.02M | $164.38M |
| Net Margin | 81.0% | 23.5% | 24.4% | 20.0% | 19.5% |
| EPS | $36.76 | $8.98 | $9.37 | $5.28 | $3.67 |
Monolithic 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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| October 31st 2025 | TD Cowen | Reiterated | Buy | $1250← $1100 |
| October 14th 2025 | Wolfe Research | Upgrade | Outperform | $1200 |
| October 3rd 2025 | Citigroup | Reiterated | Buy | $1100← $825 |
| May 2nd 2025 | TD Cowen | Reiterated | Buy | $675← $600 |
| December 11th 2024 | Citigroup | Initiation | Buy | $700 |
| November 22nd 2024 | Wells Fargo | Initiation | Equal Weight | $610 |
| November 18th 2024 | Loop Capital | Upgrade | Buy | $660 |
| November 12th 2024 | Loop Capital | Initiation | Hold | $660 |
| October 31st 2024 | TD Cowen | Reiterated | Buy | $975← $1100 |
| October 31st 2024 | Rosenblatt | Downgrade | Neutral | $880 |
| August 21st 2024 | TD Cowen | Reiterated | Buy | $1100← $925 |
| February 8th 2024 | TD Cowen | Reiterated | Outperform | $800← $650 |
| December 26th 2023 | Rosenblatt | Reiterated | Buy | $750← $550 |
| July 20th 2023 | Wolfe Research | Initiation | Peer Perform | - |
| May 5th 2023 | TD Cowen | Reiterated | Outperform | $500← $550 |
Earnings History & Surprises
MPWREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 5, 2026 | $4.73 | — | — | — |
Q4 2025 | Oct 30, 2025 | $4.64 | $4.73 | +1.9% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $4.12 | $4.21 | +2.2% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $4.01 | $4.04 | +0.7% | ✓ BEAT |
Q1 2025 | Feb 6, 2025 | $4.01 | $4.09 | +2.0% | ✓ BEAT |
Q4 2024 | Oct 30, 2024 | $3.97 | $4.06 | +2.3% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $3.07 | $3.17 | +3.3% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $2.66 | $2.81 | +5.6% | ✓ BEAT |
Q1 2024 | Feb 7, 2024 | $2.85 | $2.88 | +1.1% | ✓ BEAT |
Q4 2023 | Oct 30, 2023 | $3.07 | $3.08 | +0.3% | ✓ BEAT |
Q3 2023 | Jul 31, 2023 | $2.81 | $2.82 | +0.4% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $2.96 | $3.00 | +1.4% | ✓ BEAT |
Q1 2023 | Feb 8, 2023 | $3.15 | $3.17 | +0.6% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $3.49 | $3.53 | +1.1% | ✓ BEAT |
Q3 2022 | Aug 1, 2022 | $2.94 | $3.25 | +10.5% | ✓ BEAT |
Q2 2022 | May 2, 2022 | $2.26 | $2.45 | +8.4% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $1.87 | $2.12 | +13.4% | ✓ BEAT |
Q4 2021 | Oct 28, 2021 | $2.00 | $2.06 | +3.0% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $1.69 | $1.81 | +7.1% | ✓ BEAT |
Latest News
Truist Securities Maintains Buy on Monolithic Power Systems, Raises Price Target to $1375
📈 PositiveReported Friday, Nasdaq-100 Index Reconstituted As Alnylam, Ferrovial, Insmed, Monolithic Power, Seagate And Western Digital Join, While Biogen, CDW, GlobalFoundries, Lululemon, ON Semiconductor And Trade Desk Exit
➖ NeutralCNBC Halftime Report Final Trades: Ascendis Pharma A/S, Monolithic Power Systems, Goldman Sachs Nasdaq-100 Premium Income ETF, iShares U.S. Consumer Discretionary ETF
➖ NeutralShares of semiconductor stocks are trading higher amid a broader rebound in tech names. Stocks across sectors are also higher amid Fed Governor Waller backing a December rate cut.
📈 PositiveShares of companies in the broader semiconductor sector are trading nigher, rebounding after Thursday's weakness. Additionally, stocks across sectors are rising after NY Fed President Williams indicated he sees room for a further policy adjustment in the near term.
📈 PositiveShares of companies in the broader chip sector are trading higher, rebounding from recent weakness in tech stocks.
📈 PositiveShares of broader chip stocks are trading lower. The sector has been under pressure amid AI valuation uncertainty and profit taking.
📉 NegativeShares of semiconductor stocks are trading lower amid continued weakness due to a broader selloff in tech and AI-related names.
📉 NegativeShares of chip stocks are trading lower amid a broader selloff in tech and AI-related names.
📉 NegativeShares of chip and semiconductor stocks are trading lower amid overall tech weakness, with investors possibly assessing earnings and AI-related valuations.
📉 NegativeCitigroup Maintains Buy on Monolithic Power Systems, Raises Price Target to $1250
📈 PositiveTD Cowen Maintains Buy on Monolithic Power Systems, Raises Price Target to $1250
📈 PositiveMonolithic Power falls despite 'strong' Q3 and guidance, while analysts remain bullish
➖ NeutralKeybanc Maintains Overweight on Monolithic Power Systems, Raises Price Target to $1300
📈 PositiveRosenblatt Maintains Neutral on Monolithic Power Systems, Raises Price Target to $950
➖ NeutralMonolithic Power Systems shares are trading lower. The company reported Q3 financial results.
📉 NegativeMonolithic Power Systems shares are trading lower. The company reported Q3 financial results.
📉 NegativeMonolithic Power Systems Sees Q4 Sales $730.000M-$750.000M vs $725.337M Est
📈 PositiveMonolithic Power Systems Q3 Adj. EPS $4.73 Beats $4.64 Estimate, Sales $737.176M Beat $722.252M Estimate
📈 PositiveMonolithic Power Systems shares are trading higher after KeyBanc maintained an Overweight rating and raised the price target from $1,050 to $1,250.
📈 PositiveFrequently Asked Questions about MPWR
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