Monolithic Power Systems (MPWR) Q4 FY25 earnings call

Monolithic Power Systems delivered a strong Q4 FY25, marking its 14th consecutive year of growth, driven by diversified end markets and record module revenue. The company raised its 2026 Enterprise Data growth outlook, reflecting increased confidence from strong ordering patterns and extended backlog. While gross margins remain at the lower end of the target range, management anticipates sequential improvements as backlog develops, and continues to invest in innovation and capacity expansion.