MPWR

Monolithic Power Systems
D

MPWR

Arincen80/100B

Monolithic Power Systems financials

Yes. Monolithic Power Systems earned 893.25M USD of net income over the last twelve months, 23.9% of its revenue. It made a profit in 20 of its 27 fiscal years since 1999. Its last loss was in fiscal year 2006.

Revenue (TTM)
3.74B USD
Net income (TTM)
893.25M USD
Free cash flow (TTM)
609.36M USD
Cash and short-term investments
1.09B USD
Total debt
0.00 USD
Shareholders' equity
3.73B USD

Cash, debt and equity as of 30 Sept 2026.

Monolithic Power Systems earnings

Next earnings · Q4 FY2026
EPS estimate
9.42 USD
Revenue estimate
1.35B USD
Last quarter · Q3 FY2026
EPS8.19Beat +5.1%Revenue1.20BBeat +3.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY202712.06——+47.25%1.70B——+41.13%
Q2 FY202710.81——+66.37%1.54B——+57.11%
Q1 FY20279.83——+92.67%1.41B——+75.84%
Q4 FY20269.42——+96.66%1.35B——+80.19%
Q3 FY20267.798.19+5.13%+73.15%1.16B1.20B+3.51%+63.11%
Q2 FY20265.876.50+10.73%+54.39%903.30M980.60M+8.56%+47.55%
Q1 FY20264.905.10+4.08%+26.24%781.93M804.19M+2.85%+26.14%
Q4 FY20254.744.79+1.05%+17.11%742.40M751.16M+1.18%+20.83%
Q3 FY20254.644.73+1.94%+16.50%722.40M737.18M+2.05%+18.88%
Q2 FY20254.124.21+2.18%+32.81%651.99M664.57M+1.93%+30.97%

Monolithic Power Systems growth and profitability

Full income statement
Revenue (TTM)
3.74B USD
Net income (TTM)
893.25M USD
Gross margin
55.26%
Operating margin
29.50%
Net margin
23.89%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20252.79B+26.43%621.48M-65.22%55.18%26.11%22.27%818.73M+34.36%
FY20242.21B+21.20%1.79B+318.06%55.32%24.44%80.95%609.34M+11.60%
FY20231.82B+1.50%427.37M-2.35%56.07%26.45%23.47%546.01M-2.85%
FY20221.79B+48.55%437.67M+80.84%58.44%29.36%24.39%562.05M+86.78%
FY20211.21B+43.03%242.02M+47.24%56.75%21.73%20.04%300.92M+61.90%

How Monolithic Power Systems makes its money

Revenue2.79B 100.0%
Cost of revenue1.25B 44.8%
Gross profit1.54B 55.2%
Research and development382.26M 13.7%
Selling and administration428.84M 15.4%
Operating income728.64M 26.1%
Tax150.29M 5.4%
Net income621.48M 22.3%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Monolithic Power Systems revenue breakdown

By product

FY2023
DC To DC Products: 94.4%Lighting Control Products: 5.6%94.4%DC To DC Products5.6%Lighting Control Products
SegmentRevenueShare of revenueChange on the year
DC To DC Products1.72B94.4%+1.3%
Lighting Control Products102.45M5.6%+5.0%

By region

FY2025
China: 55.3%Taiwan: 19.7%South Korea: 9.1%South East Asia: 5.3%Europe: 4.1%United States: 3.5%Japan: 3.0%Other Region: 0.0%55.3%China19.7%Taiwan9.1%South Korea5.3%South East Asia4.1%Europe3.5%United States3.0%Japan
RegionRevenueShare of revenueChange on the year
China1.54B55.3%+31.1%
Taiwan550.11M19.7%-4.8%
South Korea252.74M9.1%+50.5%
South East Asia148.14M5.3%+88.1%
Europe113.53M4.1%+30.6%
United States96.74M3.5%+75.1%
Japan84.44M3.0%+36.9%
Other Region484.00K0.0%+56.1%

Operating and free cash flow

Full cash flow statement
Operating cash flow Free cash flow
Fiscal yearOperating cash flowFree cash flow
FY2025838.20M666.19M
FY2024788.41M642.29M
FY2023638.21M580.64M
FY2022246.67M187.83M
FY2021320.01M224.77M
FY2020267.80M212.16M
FY2019216.30M119.52M
FY2018141.45M118.93M
FY2017133.82M68.05M
FY2016107.79M70.67M

Monolithic Power Systems financial health

Full balance sheet
Cash and short-term investments
1.09B USD
Total debt
0.00 USD
Net cash
1.09B USD
Free cash flow (TTM)
609.36M USD
Current ratio
3.70
Debt to equity
0.00
Piotroski score
5 / 9
Altman Z-score
40.08

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20251.26B24.10M666.19M
FY2024862.95M15.79M642.29M
FY20231.11B5.57M580.64M
FY2022737.87M1.66M187.83M
FY2021725.08M0.00224.77M

Assets, liabilities and equity

Total assets Total liabilities Shareholders' equity
Fiscal yearTotal assetsTotal liabilitiesShareholders' equity
FY20254.19B662.70M3.53B
FY20243.62B471.33M3.15B
FY20232.43B384.41M2.05B
FY20222.06B390.28M1.67B
FY20211.59B341.84M1.24B
FY20201.21B241.90M966.59M
FY2019956.38M182.88M773.49M
FY2018793.43M153.34M640.09M
FY2017651.45M129.44M522.01M
FY2016511.13M80.01M431.12M

Monolithic Power Systems valuation

Price to earnings ratio (TTM)
75.17
Forward P/E (FY2026)
47.00
Price to sales (TTM)
17.86
Price to book
17.88
EV / EBITDA (TTM)
54.64

Capital structure

Market capitalization
66.75B USD
+
Total debt
0.00 USD
−
Cash and short-term investments
1.09B USD
=
Enterprise value
65.66B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)23.57————
FY2027 (est.)29.5823.57———
FY2026 (est.)47.0029.58———
Now (TTM)75.1731.1017.8617.8854.64
FY202570.7031.1315.6012.3351.86
FY202416.1030.1113.039.1446.08
FY202370.2430.1116.4914.6554.05
FY202237.7430.119.219.9028.89
FY202193.4339.9418.7318.1874.54

Monolithic Power Systems against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: Microchip Technology, Teradyne, Astera Labs, Inc. Common Stock, Microchip Technology, Marvell Technology, and ON Semiconductor, the US Semiconductors companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median75.2
    12.3127.3
  • Gross marginLowest in 5 years55.2%
    55.2%58.4%
    Against its peers: 4 of 6Peers' median 57.7%
  • Operating marginAt its median26.1%
    21.7%29.4%
    Against its peers: 1 of 6Peers' median 16.3%
  • Net marginBelow its median22.3%
    20.0%81.0%
    Against its peers: 3 of 6Peers' median 17.4%
  • Return on equityLowest in 5 years17.6%
    17.6%56.8%
    Against its peers: 3 of 6Peers' median 16.1%
  • Free cash flow marginAt its median23.9%
    10.5%31.9%
    Against its peers: 2 of 6Peers' median 18.5%
  • Revenue growthAt its median26.4%
    1.5%48.5%
    Against its peers: 3 of 6Peers' median 13.1%
  • EPS growthLowest in 5 years-64.9%
    -64.9%317.7%
    Against its peers: 2 of 3Peers' median -43.6%
  • Debt to EBITDAHighest in 5 years0.03×
    0.00×0.03×
    Against its peers: 1 of 6Peers' median 1.06×
  • Current ratioAbove its median5.91
    4.967.74
    Against its peers: 2 of 6Peers' median 2.09

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Monolithic Power Systems dividends

Annual dividend
8.00 USD
Dividend yield (indicated)
0.58%
Payout ratio
41.52%
Years of dividend growth
9
Frequency
Quarterly
Last payment
2.00 USD
Last ex-dividend date
30 Sept 2026
Last payment date
15 Oct 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share5.934.753.752.852.301.901.501.100.800.80

Monolithic Power Systems ownership

Institutions
97.80%
Institutional holders
1,291 (+125)
Free float
96.51%

Who owns the shares

Institutions 97.8% Others 2.2%
As of 30 Jun 2026

Shares free to trade

Free float 47.07M shares ·96.5% Closely held 1.70M shares ·3.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 20260013.00K13.00K
Q3 202603328.36K72.31K
Q2 20260701.56K143.79K
Q1 2026080348.21K278.18K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY202548.04M48.31M-1.08%
FY202448.60M48.84M+0.13%
FY202347.61M48.77M+0.85%
FY202246.73M48.36M+0.98%
FY202145.85M47.89M+1.86%

Common questions about Monolithic Power Systems's financials

Source: Financial Modeling PrepVerified against SEC filings