Monolithic Power Systems
Designs integrated power semiconductors for data centers, vehicles, computing, communications, consumer, and industrial systems.
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Profile
Designs analog and mixed-signal power semiconductors and integrated power solutions for data centers, computing, vehicles, communications, consumer electronics, and industrial equipment. Revenue spans diverse end markets, but most sales are to customers in Asia and production relies on third-party foundries and assembly-and-test partners.
Designs analog and mixed-signal power semiconductors and integrated power solutions that convert, regulate, control, and protect electricity inside electronic systems. Product families include DC-to-DC and AC-to-DC converters, power-management ICs, driver MOSFETs, current-limit switches, and lighting controls for enterprise data, storage and computing, automotive, communications, consumer, and industrial applications.
Combines system-level engineering with proprietary semiconductor-process, packaging, and integration technologies to fit more power-management functions into compact chips and modules. Technical sales and applications engineers help customers design products into equipment; sales then flow mainly through distributors and value-added resellers. Most revenue comes from customers in Asia, while employees and sales offices span Asia, Europe, and the United States. Manufacturing remains fabless, with third-party wafer foundries and assembly-and-test subcontractors concentrated across Asia.
Company facts
Key statistics
Year to date +34.2% · Average volume (30d) 760.8K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 20, 2026 | Arete Research | Target | $2,013 | ||
| Aug 11, 2026 | GF Securities | Initiate | Buy | ||
| Jul 31, 2026 | KeyBanc | Reiterate | Overweight | $2,000 | $2,100 |
| Jul 31, 2026 | Needham | Reiterate | Buy | $1,300 | $2,000 |
| Jul 20, 2026 | Wells Fargo | Reiterate | Overweight | $1,200 | $1,700 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $5.87 | $6.50 | +10.7% | $903.3M | $980.6M | +8.6% | +8.35% |
| Apr 30, 2026Q1 FY26 | $4.90 | $5.10 | +4.1% | $781.9M | $804.2M | +2.8% | −1.92% |
| Feb 5, 2026Q4 FY25 | $4.74 | $4.79 | +1.1% | $742.4M | $751.2M | +1.2% | +6.39% |
| Oct 30, 2025Q3 FY25 | $4.64 | $4.73 | +1.9% | $722.4M | $737.2M | +2.0% | −7.59% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $637.6M | $664.6M | $737.2M | $751.2M | $804.2M | $980.6M | |
| Gross profit | $353.2M | $366.0M | $406.2M | $414.3M | $445.1M | $541.1M | |
| Operating income | $168.8M | $164.8M | $195.2M | $199.9M | $241.2M | $303.9M | |
| Net income | $133.8M | $133.7M | $178.3M | $170.1M | $193.2M | $257.3M | |
| Diluted EPS | $2.79 | $2.78 | $3.71 | $3.46 | $3.92 | $5.23 | |
| Gross margin | 55.4% | 55.1% | 55.1% | 55.2% | 55.3% | 55.2% | |
| Operating margin | 26.5% | 24.8% | 26.5% | 26.6% | 30.0% | 31.0% |
Fiscal years (4-quarter sums)FY21 $1.21B · FY22 $1.79B · FY23 $1.82B · FY24 $2.21B · FY25 $2.79B
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.41B · Total debt $0 · Total assets $4.69B · Shareholders' equity $3.90B
Dividends
Raised for 10 straight years — most recently to $2.00 from $1.56 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $2.00 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $2.00 | raised from $1.56 |
| Dec 31, 2025 | Dec 31 | Jan 15 | $1.56 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $1.56 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $1.56 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $1.56 | raised from $1.25 |
| Dec 31, 2024 | Dec 31 | Jan 15 | $1.25 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $1.25 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 49.13M · Float 47.36M · 96.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.59M | 11.38% | 13F | Aug 7, 2026 |
| FMR LLC | 5.18M | 10.54% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 3.13M | 6.36% | 13F | Aug 13, 2026 |
| Invesco Ltd. | 2.51M | 5.20% | 13G | Jul 15, 2026 |
| Vanguard Portfolio Management LLC | 2.50M | 5.10% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 24, 2026 | Robert W. Ii Dean | officer: Interim CFO | −32 | $1,297.72 |
| Aug 24, 2026 | Kuo Wei Herbert Chang | director | −50 | $1,281.57 |
| Aug 17, 2026 | Robert W. Ii Dean | officer: Interim CFO | −6 | $1,413.64 |
| Aug 11, 2026 | Kuo Wei Herbert Chang | director | −50 | $1,420.00 |
| Aug 5, 2026 | Robert W. Ii Dean | officer: Interim CFO | −105 | $1,344.27 |
Peers
- Texas Instruments
Largest analog IC company; competing across all power management segments.
- Analog Devices
High-performance analog and power module rival; strongest in industrial power.
- ON Semiconductor
Automotive SiC power rival competing in EV, industrial, and AI data center.
- STMicroelectronics (ADR)
SiC market leader and European Tier-1 OEM auto power design-win rival.
- NXP Semiconductors
Automotive MCU-power integration rival; strong in software-defined vehicle.
- Power Integrations
High-voltage AC-to-DC specialist; overlaps MPS AC-DC product line and EV.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Monolithic Power Systems | $1,258.47 | +0.18% | $61.72B | 77.0 | 39.0 | 18.9 | +47.6% |
| Texas Instruments | $258.44 | −0.09% | $236.20B | 39.3 | 27.2 | 12.1 | +22.8% |
| Analog Devices | $362.00 | +0.02% | $176.22B | 42.9 | 22.6 | 12.7 | +39.6% |
| ON Semiconductor | $72.80 | +0.29% | $28.27B | 46.5 | 18.6 | 4.6 | +9.2% |
| STMicroelectronics (ADR) | $49.33 | −0.10% | $44.07B | 96.8 | 24.8 | 3.3 | +24.4% |
| NXP Semiconductors | $223.80 | +0.18% | $56.38B | 19.1 | 13.3 | 4.3 | +19.5% |
| Power Integrations | $51.52 | +0.05% | $2.87B | 115.8 | 30.7 | 6.4 | +2.7% |
| Median | 44.7 | 23.7 | 5.5 | +21.2% |