MPWR · NASDAQ · Semiconductors

Monolithic Power Systems (MPWR)

Designs integrated power semiconductors for data centers, vehicles, computing, communications, consumer, and industrial systems.

$1,375.25
vs last close+97.57 (+7.64%)
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Monolithic Power Systems, Inc.MPWR
Information Technology

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

CEOMichael R. Hsing
ListedNov 19, 2004
ExchangeNASDAQ
HeadquartersWest Palm Beach, FL
CountryUnited States
Employees4,501
CIK0001280452
ISINUS6098391054

Market cap$62.77B
EPS (ttm)$16.32
P/E (ttm)78.29
ROE21.8%
P/B16.11
P/S19.18
Dividend yieldDiv yield0.56%
Beta2.53vs XLK 1.31

Price target$1,802.50+41.1%Average of 25 analysts
ConsensusBuy22 of 25 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 20, 2026Arete ResearchTarget
Target:
Target: $2,013
Aug 11, 2026GF SecuritiesInitiate
Rating:
Rating: Buy
Jul 31, 2026KeyBancReiterate
Rating: Target: $2,000
Rating: OverweightTarget: $2,100
Jul 31, 2026NeedhamReiterate
Rating: Target: $1,300
Rating: BuyTarget: $2,000
Jul 20, 2026Wells FargoReiterate
Rating: Target: $1,200
Rating: OverweightTarget: $1,700

Next report
Oct 29, 26
in 37 days
EPS estimate
$7.69
Revenue estimate
$1.15B
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$4.09$4.04$4.21$4.73$4.79$5.10$6.50Pending
Estimate$4.01$4.01$4.12$4.64$4.74$4.90$5.87$7.69
Surprise+2.0%+0.7%+2.2%+1.9%+1.1%+4.1%+10.7%

RevenueReportedEstimate

Feb '25May '25Jul '25Oct '25Feb '26Apr '26Jul '26Oct '26
Reported$621.7M$637.6M$664.6M$737.2M$751.2M$804.2M$980.6MPending
Estimate$608.1M$634.2M$652.0M$722.4M$742.4M$781.9M$903.3M$1.15B
Surprise+2.2%+0.5%+1.9%+2.0%+1.2%+2.8%+8.6%
Estimate$7.69
ReportedDue Oct 29, 2026
Estimate$1.15B
ReportedDue Oct 29, 2026
View details

Debt to equity0.00%
Current ratio497.50%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$620.1M$621.7M$637.6M$664.6M$737.2M$751.2M$804.2M$980.6M
Net income$144.4M$1.45B$133.8M$133.7M$178.3M$170.1M$193.2M$257.3M
Net margin23.3%233.1%21.0%20.1%24.2%22.6%24.0%26.2%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$164.0M$163.3M$168.8M$164.8M$195.2M$199.9M$241.2M$303.9M
YoY growth+21.0%+49.0%+76.7%+41.4%+19.0%+22.4%+42.9%+84.4%

Balance sheet, Jun 30, 2026Cash & short-term investments $1.41B · Total debt $0 · Total assets $4.69B · Shareholders' equity $3.90B

Revenue
$980.6M
Operating income
$303.9M
Net income
$257.3M
View details

Dividend yield
0.56%
Next ex-date
Sep 30, 26
in 8 days
Annual dividend
$7.12
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$1.25$1.56$1.56$1.56$1.56$2.00$2.00$2.00
Annual yield0.85%0.92%0.77%0.64%0.69%0.61%0.52%0.55%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions≈ 95.15%46.76M shares
1,289 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders3.04%1.49M shares
12 holders · as of Sep 2, 2026
Other≈ 1.81%888.8K shares
remainder

49.14M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
11.37%5.59Mas of Jun 30, 2026
FMR LLCInstitution
10.54%5.18Mas of Jun 30, 2026
Vanguard Capital Management LLCInstitution
6.36%3.13Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
5.10%2.50Mas of Jun 30, 2026
Invesco Ltd.Institution
4.77%2.34Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Aug 24, 2026Robert W. Ii Deanofficer: Interim CFO−32$1,297.72
Aug 24, 2026Kuo Wei Herbert Changdirector−50$1,281.57
Aug 17, 2026Robert W. Ii Deanofficer: Interim CFO−6$1,413.64
Aug 11, 2026Kuo Wei Herbert Changdirector−50$1,420.00
Aug 5, 2026Robert W. Ii Deanofficer: Interim CFO−105$1,344.27
View details

  • 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.

Compare

CompanyPriceChange
Monolithic Power Systems$1,375.25+7.64%$62.77B78.342.719.2+47.6%
Texas Instruments$270.37−0.18%$247.37B41.228.412.7+22.8%
Analog Devices$386.33+0.87%$186.55B45.424.113.4+39.6%
ON Semiconductor$73.13+1.96%$27.92B46.018.84.5+9.2%
STMicroelectronics (ADR)$53.33+3.29%$46.08B101.226.83.5+24.4%
NXP Semiconductors$235.65+1.39%$58.61B19.814.14.4+19.5%
Power Integrations$51.54+4.10%$2.76B111.330.76.1+2.7%
Median45.725.45.3+21.2%