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Monolithic Power Systems

MPWR

Monolithic Power Systems, Inc. (MPS) is a fabless semiconductor company specializing in high-performance analog and mixed-signal power electronics.

Market cap
$70.66B+101%
Revenue$3.0B+23.9%
Net income$679.7M-58.4%
Free cash flow$629.5M+0.5%
EPS (diluted)$13.96-58.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 30, 2026 (in a month)
Revenue estimate$901.3M
EPS estimate$5.85

Financials

Q1 2026

Income statement

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Revenue$804.2M+26.1%
Gross profit$445.1M+26.0%
Operating income$241.2M+42.9%
Net income$193.2M+43.1%
EPS (diluted)$3.92+39.5%

Balance sheet

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Cash & equivalents$1.1B+66.8%
Total equity$3.7B+19.6%
Total assets$4.4B+20.1%

Cash flow

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Operating cash flow$250.3M-2.4%
CapEx$70.8M+75.6%
Free cash flow$179.4M-17.0%

Valuation & ratios

Valuation

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Market cap$70.66B+101%
P/E104×+83.9×
P/S23.9×+10.1×

Profitability

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Gross margin55.2%-0.2pp
Operating margin27.1%+1.4pp
Net margin23%-45.5pp
FCF margin21.3%-5.0pp

Returns & leverage

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Return on equity20.1%-42.9pp
Current ratio4.8×-0.1×

Segments

By geography

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CN$411.2M+13.0%
TW$181.6M+56.1%
KR$81.8M+27.1%
South East Asia$40.7M+24.6%
Europe$35.8M+43.2%

Competitors

Profile

Monolithic Power Systems, Inc. (MPS) is a fabless semiconductor company specializing in high-performance analog and mixed-signal power electronics. The company leverages proprietary process and packaging technologies to provide highly integrated, energy-efficient solutions that reduce system size and complexity. Its core value proposition centers on improving power density and reliability while lowering total system costs and carbon emissions across diverse end markets.

Competitive position

MPS differentiates itself through a high degree of monolithic integration and proprietary process technologies that allow for smaller, more efficient chips than traditional discrete-component competitors.

GeographiesUnited States, China, Taiwan, South Korea, Singapore, Europe
Customer segmentsEnterprise, Automotive, Consumer Electronics, Industrial, Telecommunications
Business modelFabless semiconductor, Proprietary process technology licensing, B2B hardware
SuppliersThird-party silicon wafer foundries, Independent assembly and packaging subcontractors, Testing facility partners
CustomersThird-party distributors, Value-added resellers, Original Equipment Manufacturers (OEMs)
Listed2004
Employees3.6K
CEOMichael R. Hsing
FilingsSEC EDGAR

Questions, answered.

What is Monolithic Power Systems's market cap?
Monolithic Power Systems (MPWR) has a market capitalization of $70.7B and trades on NASDAQ.
What is Monolithic Power Systems's revenue and profitability?
Monolithic Power Systems generated $3.0B in trailing twelve-month revenue with net income of $679.7M, representing a net margin of 23.0%. Gross margin stands at 55.2%, with free cash flow of $629.5M. These figures are based on the Q1 2026 filing.
Who are Monolithic Power Systems's competitors?
Monolithic Power Systems's key competitors include ON Semiconductor, Analog Devices, Texas Instruments, and others. These companies compete in similar markets and product categories.
Where is Monolithic Power Systems headquartered?
Monolithic Power Systems is headquartered in United States of America and employs approximately 3,564 people. It has been publicly traded since 2004.