Jun 2026 (Q2 FY26) — Jul 30, 2026
Monolithic Power Systems, Inc. Q2 FY26 — Record Revenue and Strong Enterprise Data Growth
Read the full callMonolithic Power Systems (MPWR) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Monolithic Power Systems earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 981 | +47.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 31.0 | +6.2 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 257 | +90.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 10 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 800V/400V rack power module revenue | material revenue from high-voltage rack power modules in 2026 | Mar 2025 | when that happens, we will have revenues. In terms of when, we don't know -- we know as much as you know. | Delayed |
| 48-volt and zonal automotive solutions reaching market | zonal designs hitting the market in 2026, ramping through 2027 | Sep 2025 | we focus on them -- these zonals, the 48-volt systems and also, we'll address the battery side and LiDAR | On Track |
| Module current density of 3 amps per square millimetre in production | shipping in the March 2026 quarter | Dec 2025 | last time we talked about 3M per millimeters cube and now we go pass that | Achieved |
15 of MONOLITHIC POWER SYSTEMS INC's 25 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 22 more targets are in the full ledger.
Claimed
- Achieved record quarterly revenue of $981 million, up 22% QoQ and 48% YoY.
- Enterprise Data segment grew 45% sequentially, driven by broad-based ordering patterns.
- Extended capacity goal significantly beyond $6 billion to support future revenue growth.
- Board authorized an additional $500 million for stock repurchases, increasing total authorization to $1 billion.
- Initial orders received for high-speed DDR5 memory components, expanding SAM into next year.
Qualified
- Consumer market continues to lag, remaining an area of caution.
- Notebook side of storage and compute remains cautious for the second half of the year.
- Industrial segment is lagging a little, primarily a design win year rather than revenue growth.
Price
$1,253.66 +3.53% · +$42.8
Performance +24.8% 1Y
1Y: $1,004.65 on 17 Oct 2025 → $1,253.66. High $1,689.89 (3 Jun 2026), low $856.96 (18 Nov 2025).
- Previous close
- $1,210.86
- 52-week range
- $856.96 – $1,689.89
- One year
- +21.53%
Overview
- Symbol
- MPWR
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 10 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 800V/400V rack power module revenue | material revenue from high-voltage rack power modules in 2026 | Mar 2025 | when that happens, we will have revenues. In terms of when, we don't know -- we know as much as you know. | Delayed |
| 48-volt and zonal automotive solutions reaching market | zonal designs hitting the market in 2026, ramping through 2027 | Sep 2025 | we focus on them -- these zonals, the 48-volt systems and also, we'll address the battery side and LiDAR | On Track |
| Module current density of 3 amps per square millimetre in production | shipping in the March 2026 quarter | Dec 2025 | last time we talked about 3M per millimeters cube and now we go pass that | Achieved |
Claimed
- Achieved record quarterly revenue of $981 million, up 22% QoQ and 48% YoY.
- Enterprise Data segment grew 45% sequentially, driven by broad-based ordering patterns.
- Extended capacity goal significantly beyond $6 billion to support future revenue growth.
- Board authorized an additional $500 million for stock repurchases, increasing total authorization to $1 billion.
- Initial orders received for high-speed DDR5 memory components, expanding SAM into next year.
Qualified
- Consumer market continues to lag, remaining an area of caution.
- Notebook side of storage and compute remains cautious for the second half of the year.
- Industrial segment is lagging a little, primarily a design win year rather than revenue growth.
The full ledger
Open MONOLITHIC POWER SYSTEMS INC’s full ledger
A free account opens 5 company ledgers a month. All 25 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Monolithic Power Systems, Inc. Q1 FY26 — Record Revenue and Accelerated Enterprise Data Growth
Read the full callDec 2025 (Q4 FY25) — Feb 5, 2026
Monolithic Power Systems, Inc. Q4 FY25 — Strong Diversified Growth and Increased AI Outlook
Read the full callEvery analysed call
Monolithic Power Systems earnings calls (MPWR)
Financials
What the filings say
Net profit, year on year: +91% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 620 | 622 | 638 | 665 | 737 | 751 | 804 | 981 |
| Operating profit | 164 | 163 | 169 | 165 | 195 | 200 | 241 | 304 |
| Operating margin | 26.4% | 26.3% | 26.5% | 24.8% | 26.5% | 26.6% | 30.0% | 31.0% |
| Other income | 10 | 6 | 5 | 12 | 10 | 10 | 6 | 18 |
| Profit before tax | 174 | 170 | 174 | 177 | 206 | 210 | 247 | 322 |
| Tax rate | 17.1% | −754.9% | 22.3% | 23.7% | 12.6% | 18.2% | 21.8% | 20.0% |
| Net profit | 144 | 1,449 | 135 | 135 | 180 | 172 | 193 | 257 |
| EPS ($ per share) | 2.96 | — | 2.82 | 2.82 | 3.75 | — | 3.94 | 5.24 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 451 | 550 | 658 | 803 | 975 | 1,130 | 707 | 937 |
| Reserves | 195 | 229 | 299 | 425 | 716 | 947 | 2,293 | 2,610 |
| Total liabilities | 153 | 183 | 242 | 342 | 390 | 384 | 565 | 663 |
| Fixed assets | 150 | 228 | 282 | 363 | 357 | 369 | 495 | 628 |
| Investments | 205 | 282 | 260 | 536 | 449 | 581 | 171 | 157 |
| Total assets | 793 | 956 | 1,208 | 1,586 | 2,059 | 2,434 | 3,516 | 4,194 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 141 | 216 | 268 | 320 | 247 | 638 | 788 | 838 |
| Cash from investing | -15 | -167 | -39 | -379 | -13 | -179 | 223 | -157 |
| Cash from financing | -35 | -48 | -72 | -90 | -129 | -184 | -872 | -286 |
| Net cash flow | 90 | 0 | 162 | -146 | 99 | 272 | 131 | 408 |
| Capital expenditure | -23 | -96 | -56 | -94 | -59 | -58 | -146 | -172 |
| Free cash flow | 119 | 120 | 212 | 226 | 188 | 581 | 642 | 666 |
MPWR revenue by segment
| Segment | Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | YoY growth latest quarter |
|---|---|---|---|---|
| Lighting Control Products | 9% | 1% | 1% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- CN 51%
- TW 27% ↓ 2 pt
- KR 9% ↑ 1 pt
- South East Asia 5% ↑ 1 pt
- Europe 4% ↓ 0 pt
- US 3%
- JP 2% ↓ 1 pt
- Other Region <1%
As MPWR cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
351 filings between Oct 24, 2025 and Sep 28, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$729.15M
314 sales by 11 insiders
56% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 17
- Award — granted as compensation
- 5
- Tax withheld — shares kept back by the company to cover tax
Also filed: 13 gifts, 2 other filings.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hsing Michael | — | $354.79M | Sep 28, 2026 |
| Tseng Saria | — | $133.76M | May 27, 2026 |
| Sciammas Maurice | — | $101.39M | Aug 3, 2026 |
| Xiao Deming | — | $76.43M | May 6, 2026 |
| BLEGEN THEODORE | — | $37.45M | Feb 6, 2026 |
| Elmiger Eugen J | — | $19.02M | May 6, 2026 |
| Zhou Jeff | — | $3.25M | May 26, 2026 |
| Lee Victor K | — | $2.00M | Feb 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 6,343 | $8.54M |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 130 | $176.4K |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 5,783 | $7.77M |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 2,121 | $2.82M |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 596 | $788.7K |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 1,111 | $1.48M |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 10,967 | $14.82M |
| Sep 28, 2026 | Hsing Michael CEO | Sale 10b5-1 plan | 2,949 | $3.95M |
| Aug 31, 2026 | Tseng Saria EVP & General Counsel | Gift | 2,000 | $0 |
| Aug 31, 2026 | Tseng Saria EVP & General Counsel | Gift | 2,000 | $0 |
| Aug 24, 2026 | DEAN ROBERT W II Interim CFO | Sale | 32 | $41.5K |
| Aug 24, 2026 | DEAN ROBERT W II Interim CFO | Other | 5 | $0 |
| Aug 24, 2026 | CHANG KUO WEI HERBERT Director | Sale | 50 | $64.1K |
| Aug 17, 2026 | DEAN ROBERT W II Interim CFO | Sale | 6 | $8.5K |
| Aug 11, 2026 | CHANG KUO WEI HERBERT Director | Sale | 50 | $71.0K |
| Aug 5, 2026 | DEAN ROBERT W II Interim CFO | Sale | 105 | $141.1K |
| Aug 4, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Gift | 25,000 | $0 |
| Aug 4, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Gift | 25,000 | $0 |
| Aug 3, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 30 | $40.3K |
| Jul 25, 2026 | DEAN ROBERT W II Interim CFO | Award | 1,359 | $0 |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 527 | $692.5K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 110 | $154.6K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 464 | $616.8K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 117 | $163.9K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 213 | $297.4K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 50 | $69.4K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 409 | $541.5K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 410 | $567.5K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 776 | $1.04M |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 274 | $361.2K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 418 | $576.3K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 472 | $649.2K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 240 | $328.6K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 50 | $68.0K |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 5,640 | $7.63M |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 1,506 | $2.03M |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 1,460 | $1.96M |
| Jul 15, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 1,864 | $2.51M |
| Jul 1, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 30 | $40.5K |
| Jun 1, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Sale 10b5-1 plan | 30 | $46.0K |
| May 29, 2026 | Sciammas Maurice EVP, WW Sales & Marketing | Gift | 12,472 | $0 |
| May 27, 2026 | Tseng Saria EVP & General Counsel | Sale | 7,565 | $12.86M |
| May 26, 2026 | DEAN ROBERT W II Interim CFO | Sale | 22 | $36.3K |
| May 26, 2026 | Zhou Jeff Director | Sale | 486 | $816.5K |
| May 22, 2026 | Tseng Saria EVP & General Counsel | Sale | 5,000 | $7.93M |
| May 22, 2026 | Tseng Saria EVP & General Counsel | Gift | 200 | $0 |
| May 18, 2026 | Hsing Michael CEO | Sale | 130 | $197.8K |
| May 18, 2026 | Hsing Michael CEO | Sale | 352 | $534.4K |
| May 18, 2026 | Hsing Michael CEO | Sale | 551 | $833.7K |
| May 18, 2026 | Hsing Michael CEO | Sale | 3,769 | $5.68M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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