Want to see MPWR full AI Analyst Report?
Top Page
Monolithic Power
(NASDAQ:MPWR)
Select Model
Select Model
Rating:70Outperform
Price Target:
$1,504.00
▲(15.32% Upside)
Action:Reiterated
Date:09/11/26
MPWR scores well on financial performance (strong margins, free cash flow, and a near debt-free balance sheet) and is supported by a positive earnings call featuring record results and strong near-term visibility. Offsetting these strengths, technicals are decisively bearish (below key moving averages with negative MACD), and valuation is stretched (P/E ~73) with only a modest dividend yield.
Positive Factors
Strong profitability and cash generation
MPWR combines attractive profitability with substantial free cash flow, indicating that its power-management portfolio converts revenue into financial resources efficiently. This supports continued investment in products and capacity while providing resilience through semiconductor demand cycles.
Negative Factors
Consumer and notebook softness
Weakness in consumer and notebook-related demand can limit growth in those subsegments and make the revenue mix more dependent on stronger enterprise-data performance. If caution persists, it could delay recovery and reduce the breadth of near-term expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and cash generation
MPWR combines attractive profitability with substantial free cash flow, indicating that its power-management portfolio converts revenue into financial resources efficiently. This supports continued investment in products and capacity while providing resilience through semiconductor demand cycles.
Read all positive factors
Monolithic Power Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows where Monolithic Power earns sales across regions (for example, China, North America, Europe), revealing geographic concentration and exposure. Heavy reliance on a single region can increase risk from local demand slowdowns, trade limits, or supply-chain issues, while balanced regional growth points to more stable revenue and broader market opportunity.
Shows where Monolithic Power earns sales across regions (for example, China, North America, Europe), revealing geographic concentration and exposure. Heavy reliance on a single region can increase risk from local demand slowdowns, trade limits, or supply-chain issues, while balanced regional growth points to more stable revenue and broader market opportunity.
Data provided by:
The Fly
The FlyMonolithic Power (MPWR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$66.64B
Dividend Yield0.56%
Average Volume (3M)676.45K
Price to Earnings (P/E)83.3
Beta (1Y)1.96
Revenue Growth28.67%
EPS Growth-57.45%
CountryUS
Employees4,501
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)16.40
Shares Outstanding49,143,000
10 Day Avg. Volume846,802
30 Day Avg. Volume676,449
Financial Highlights & Ratios
PEG Ratio-1.09
Price to Book (P/B)12.33
Price to Sales (P/S)15.60
P/FCF Ratio65.35
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$1,837.11Price Target Upside40.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering11
EPS Forecast (FY)27.42
Revenue Forecast (FY)$4.15B
Monolithic Power Business Overview & Revenue Model
Company Description
Monolithic Power Systems, Inc. specializes in the creation, promotion, and sale of advanced semiconductor components for power management. Their innovative solutions cater to a broad spectrum of industries, including information technology, data s...
How the Company Makes Money
MPWR makes money primarily by selling its power management semiconductor products to customers (typically OEMs and electronics manufacturers) through direct sales and through distributors. Revenue is generated on a per-unit basis from shipments of...
Monolithic Power Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call was predominantly positive: management reported a record quarter with strong sequential and year-over-year revenue growth (notably a 45% sequential surge in enterprise data), broad-based demand across end markets, substantial capacity expansion plans beyond $6B, multiple product samplings and wins (DDR5, 800V, 48V modules, 1,500+ automotive sockets), and an additional $500M share repurchase authorization. Lowlights were mostly cautionary and execution/timing-related — consumer and some storage/notebook segments are soft, certain strategic programs remain early with uncertain near-term revenue, and capacity ramping/back-end module assembly present operational complexity. Given the magnitude and immediacy of the reported revenue growth and strategic traction versus the more moderate/expected risks and early-stage initiatives, the positive items outweigh the negative.Positive Updates
Record Quarterly Revenue
GAAP revenue of $981 million in Q2 2026, a record quarter — up 22% sequentially versus Q1 2026 and up 48% year-over-year versus Q2 2025.
Negative Updates
Consumer and Notebook/Storage Caution
Management flagged the consumer end market as lagging and said notebook-related storage & compute remains cautious into the second half, reducing near-term upside from those subsegments.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Quarterly Revenue
GAAP revenue of $981 million in Q2 2026, a record quarter — up 22% sequentially versus Q1 2026 and up 48% year-over-year versus Q2 2025.
Read all positive updates
Company Guidance
Management reiterated strong near‑term visibility and raised several internal targets: Q2 revenue was a record $981 million (up 22% Q/Q and 48% Y/Y) with enterprise data up 45% sequentially and book‑to‑bill above 1 (more than a quarter of visibility); they raised the enterprise‑data “floor” from 85% to 130% for the year, extended capacity goals to beyond $6.0 billion, and expect automotive to be up in the mid‑teens Y/Y after shipping more than 1,500 new sockets YTD. They also disclosed initial orders/sampling for high‑speed DDR5 controllers and 800‑volt AC‑to‑DC (GaN/SiC) products, said gross‑margin guidance was nudged slightly higher, noted OpEx remains at the low end of their long‑term model (providing operating‑margin leverage as revenue scales), and the Board authorized an additional $500 million in repurchases, taking the total buyback authorization to $1.0 billion.Monolithic Power Financial Statement Overview
Summary
Income Statement
88
Very Positive
Balance Sheet
95
Very Positive
Cash Flow
84
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.27B | 2.79B | 2.21B | 1.82B | 1.79B | 1.21B |
| Gross Profit | 1.81B | 1.54B | 1.22B | 1.02B | 1.05B | 685.46M |
| EBITDA | 1.01B | 817.24M | 609.34M | 546.01M | 562.05M | 300.92M |
| Net Income | 798.93M | 615.93M | 1.79B | 427.37M | 437.67M | 242.02M |
Balance Sheet | ||||||
| Total Assets | 4.69B | 4.19B | 3.62B | 2.43B | 2.06B | 1.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.41B | 1.26B | 862.95M | 1.11B | 737.87M | 725.08M |
| Total Debt | 0.00 | 24.10M | 15.79M | 5.57M | 1.66M | 0.00 |
| Total Liabilities | 790.78M | 662.70M | 471.33M | 384.41M | 390.28M | 341.84M |
| Stockholders Equity | 3.90B | 3.53B | 3.15B | 2.05B | 1.67B | 1.24B |
Cash Flow | ||||||
| Free Cash Flow | 585.54M | 666.19M | 642.29M | 580.63M | 187.83M | 224.77M |
| Operating Cash Flow | 822.34M | 838.20M | 788.41M | 638.21M | 246.67M | 320.01M |
| Investing Cash Flow | -280.84M | -157.27M | 223.05M | -178.73M | -12.51M | -378.89M |
| Financing Cash Flow | -329.15M | -285.86M | -872.23M | -183.72M | -128.78M | -90.21M |
Monolithic Power Technical Analysis
Positive
1304.15
Price Trends
1302.55
Positive
1391.12
Negative
1274.74
Positive
Market Momentum
19.08
Negative
57.75
Neutral
84.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MPWR, the sentiment is Positive. The current price of 1304.15 is above the 20-day moving average (MA) of 1252.82, above the 50-day MA of 1302.55, and above the 200-day MA of 1274.74, indicating a bullish trend. The MACD of 19.08 indicates Negative momentum. The RSI at 57.75 is Neutral, neither overbought nor oversold. The STOCH value of 84.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MPWR.
Monolithic Power Risk Analysis
Monolithic Power disclosed 36 risk factors in its most recent earnings report. Monolithic Power reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Monolithic Power Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $192.96B | 47.61 | 12.26% | 1.08% | 33.65% | 114.59% | |
71 Outperform | $257.25B | 42.72 | 35.77% | 2.02% | 16.66% | 20.14% | |
70 Outperform | $66.64B | 83.29 | 21.78% | 0.56% | 28.67% | -57.45% | |
67 Neutral | $29.57B | 48.75 | 8.38% | ― | -3.14% | 44.55% | |
63 Neutral | $42.78B | 110.81 | 6.90% | 2.31% | 20.93% | ― | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
57 Neutral | $2.85B | 115.17 | 3.72% | 1.67% | 1.56% | -23.60% |
* Technology Sector Average
MPWR
Monolithic Power
1,347.22
437.46
48.08%
ADI
Analog Devices
396.71
160.39
67.87%
MCHP
Microchip
77.77
15.30
24.49%
ON
ON Semiconductor
76.87
28.52
58.99%
POWI
Power Integrations
51.80
13.69
35.91%
TXN
Texas Instruments
280.09
104.25
59.29%
Monolithic Power Corporate Events
Business Operations and StrategyDividends
Monolithic Power Declares Third-Quarter $2.00 Dividend
Positive
Sep 10, 2026
On September 10, 2026, Monolithic Power Systems announced a third-quarter cash dividend of $2.00 per common share, payable to stockholders of record as of the close of business on September 30, 2026. The dividend is scheduled to be distributed on ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.