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Monolithic Power Systems(NASDAQ) MPWR

Market Cap$68.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)+16,596%
5 Year+215%
1 Year+77%
1 Month+7%
$1,381.92
-1.40%
-19.62Today
After hours$1,381.10-$0.82 (-0.06%)
Monolithic Power Systems last closing stock price
MetricPriceDate
Last closeUSD 1,401.542026-08-07
Monolithic Power Systems stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-1.72%USD 1,426.032026-07-31
1 month+6.54%USD 1,315.512026-07-08
3 month-12.32%USD 1,598.402026-05-08
Year to date+55.18%USD 903.172025-12-31
1 year+76.87%USD 792.402025-08-07
3 year+170.61%USD 517.932023-08-08
5 year+214.75%USD 445.292021-08-06
Since inception+16,595.63%USD 8.392004-11-19

Monolithic Power Systems Financials at a Glance

Market Cap

$68.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$3.27B

Net Income (TTM)

$798.93M

EPS (TTM)

$16.32

P/E Ratio

85.89

Dividend

$7.12

Beta (Volatility)

2.17 (High)

Price

$1,381.92

Volume

493,700.536

Open

$1,428.22

Previous Close

$1,381.10

Daily Range

$1,379.17 - $1,430.00

52-Week Range

$795.82 - $1,714.09

Estimated Earnings Date

Oct 29, 2026

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About Monolithic Power Systems

Monolithic Power Systems makes small chips that manage electricity in everyday gadgets. These chips help electronics like laptops and cars run more efficiently and save energy. The company helps manufacturers build smaller and more reliable electronic products.

What They Build

  • Storage and Computing: Power chips for memory, storage, laptops, and graphics cards; represented 26% of 2025 revenue.
  • Enterprise Data: Solutions for artificial intelligence systems and cloud servers; accounted for 25% of 2025 revenue.
  • Automotive: Electronics for driver assistance, infotainment, and lighting systems; made up 21% of 2025 revenue.
  • Communications: Parts for network hardware, satellites, and wireless solutions; generated 11% of 2025 revenue.
  • Consumer and Industrial: Components for home appliances, gaming, and factory equipment; combined for 16% of 2025 revenue.

Expanding the Portfolio

  • Updated tax accounting in 2025 after discovering an unintentional error related to a foreign tax incentive.
  • Hired more than 480 new employees during 2025 to support global operations.
  • Broadened manufacturing reach by working with foundries in China, Taiwan, South Korea, and Singapore.
  • Increased internal testing capacity at facilities in Chengdu, China.

What Makes Them Different

The company uses a fabless model, meaning it designs chips but hires others to build them using its own secret manufacturing methods. This approach keeps costs low while allowing the company to create chips that are smaller and more accurate than standard versions.

The Recent Numbers

  • Revenue reached $751 million in Q4 2025, up 21% from Q4 2024.
  • Operating income rose to $199.9 million in Q4 2025, a 22.4% increase year-over-year.
  • Net income dropped to $170 million in Q4 2025, down 88% from $1.4 billion in Q4 2024 due to a prior year tax adjustment.
  • Free cash flow was $61.9 million in Q4 2025, down 39.8% from the same period in 2024.

Bottom Line

Monolithic Power Systems has transitioned from a small startup to a global provider of specialized power management chips. The company continues to shift its focus toward high-growth areas like artificial intelligence and automotive electronics.

AI Generated • Apr 18, 2026

Industry

Semiconductors and Semiconductor Equipment

Employees

4,501

CEO

Michael R. Hsing

Headquarters

West Palm Beach, FL 33401, US

MPWR Financials

Key Financial Metrics (TTM)

Gross Margin

55.20%

Operating Margin

28.72%

Net Income Margin

24.41%

Return on Equity

21.78%

Return on Capital

20.49%

Return on Assets

17.05%

Earnings Yield

1.16%

Dividend Yield

0.51%

Payout Ratio

51.02%

Stock Overview

Market Cap

$68.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

49.14M

Volume

493.70K

Avg. Volume

945.27K

Financials (TTM)

Gross Profit

$1.81B

Operating Income

$940.17M

EBITDA

$1.01B

Operating Cash Flow

$1.07B

Capital Expenditure

-$307.65M

Free Cash Flow

$764.94M

Cash & ST Invst.

$1.41B

Total Debt

$0.00

Monolithic Power Systems Performance Analysis

Monolithic Power Systems annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,794,148,00048.5%
20232023-12-31USD 1,821,072,0001.5%
20242024-12-31USD 2,207,100,00021.2%
20252025-12-31USD 2,790,459,00026.4%
Monolithic Power Systems sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3010.9%
Q42025-12-311.9%
Q12026-03-317.1%
Q22026-06-3021.9%
Monolithic Power Systems annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 9.0579.1%
20232023-12-31USD 8.76-3.2%
20242024-12-31USD 32.60272.0%
20252025-12-31USD 12.86-60.5%
Monolithic Power Systems sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3033.5%
Q42025-12-31-6.7%
Q12026-03-3113.3%
Q22026-06-3033.4%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$980.64M

+47.6%

Gross Profit

$541.07M

+47.8%

Gross Margin

55.18%

N/A

Market Cap

$68.88BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$15.30M

N/A

Employees

4,501

N/A

Net Income

$257.30M

+92.4%

EBITDA

$306.62M

+61.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$1.41B

+23.4%

Total Debt

$0.00

-100.0%

Accounts Receivable

$343.62M

+76.4%

Inventory

$675.85M

+37.7%

Long Term Debt

$0.00

-100.0%

Short Term Debt

$0.00

-100.0%

Return on Assets

17.05%

N/A

Return on Invested Capital

22.45%

N/A

Free Cash Flow

$324.89M

+73.3%

Operating Cash Flow

$478.16M

+101.2%

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Questions About MPWR

What is the current price of Monolithic Power Systems?

Monolithic Power Systems is trading at $1,381.10 per share.

What is the 52-week range for Monolithic Power Systems?

Over the past 52 weeks, Monolithic Power Systems has traded between $795.82 and $1,714.09.

How much debt does Monolithic Power Systems have?

As of the most recent reporting period, Monolithic Power Systems reported total debt of $18.93M.

How much cash does Monolithic Power Systems have on hand?

Monolithic Power Systems reported $1.01B in cash and cash equivalents in its most recent financial results.

What is Monolithic Power Systems’s dividend yield?

Monolithic Power Systems currently has a dividend yield of 0.51%.

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