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Inferra AI / Company / MPWR

Monolithic Power Systems

MPWR · Information Technology

Last earnings Oct 29, 2026

Key results

Revenuequarter

$1.2 billion

Q3 revenue of $1.2 billion was 22.6% higher than the second quarter of 2026 and 63.1% higher than the third quarter of 2025.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

During the quarter Our capacity surpassed $6 billion dollars in annual revenue support.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Q3 2026 Revenue Results We had record revenue of $1,202 million in the third quarter, 22.6% higher than the second quarter of 2026 and 63.1% higher than revenue in the third quarter of 2025.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

In our Communications end market, third quarter revenue of $187.4 million was up 42.5% from the second quarter primarily as a result of higher sales of power solutions for optical modules and switches.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Communications revenuequarter

134.7%

Third quarter Communications revenue was up 134.7% year over year.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Enterprise Data revenuequarter

$506.7 million

Third quarter Enterprise Data revenue of $506.7 million increased 33.2% from the second quarter.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Third quarter Enterprise Data revenue was up 164.6% year over year.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Industrial revenuequarter

$71.4 million

Third quarter Industrial revenue of $71.4 million increased 30.2% from the second quarter primarily as a result of higher sales for power sources.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Non-GAAP Gross marginquarter

55.5 %

gross margin 55.5 % 56.1 %

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Non-GAAP Operating expensesquarter

$31, thousand

OPERATING EXPENSES (Unaudited, in thousands) Three Months Ending December 31, 2026

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

AI analysis

Q2 2026 · reported Oct 29, 2026

Based on: Earnings release + parent 8-K — transcript not held

Revenue · Q2 2026
$1.2B
EX-99 · Oct 29, 2026
Enterprise Data revenue · Q2 2026
$506.7M
EX-99 · Oct 29, 2026
Industrial revenue · Q2 2026
$71.4M
EX-99 · Oct 29, 2026
Non-GAAP Gross margin · Q2 2026
55.5 %
0.0 pts vs year ago computed from stated figures
EX-99 · Oct 29, 2026

The quarter in charts

Guidance ladder — revenue

Delivered vs the company's guided range

EX-99 · Oct 29, 2026 Guide as stated by the company; range and midpoint computed from the stated figure.

Segment mix

Business-unit revenue, as stated

0200400600$506.7MEnterprise Data$71.4MIndustrial

Segment revenue figures as stated in the event record.

Headline figures

MetricQ2 2026Prior qtrYear ago
Revenue$1.2 billion—$664.6 million
Communications revenue134.7%——
Enterprise Data revenue$506.7 million——
Industrial revenue$71.4 million——
Non-GAAP Gross margin55.5 %—55.5%
Non-GAAP Operating expenses$31, thousand—$30, thousand

EX-99 · Oct 29, 2026

Guidance · company-stated

Revenue$1,315 million
gross margin

“in the range of 55.2% to 55.8%”

operating expenses

“between $334.0 million and $342.0 million”

tax rate

“of 15%”

Midpoint vs latest-quarter revenue+9.6%computed from stated figures

Guidance stated in the release's Business Outlook table for the fourth quarter of 2026; no direction stated — figures as stated in the table.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Non-GAAP Gross margin55.5 %

Capital allocation

We repurchased $453.4 million of our stock in the third quarter, compared to $4.0 million in the second quarter of 2026.

Furthermore, in October 2026, our Board of Directors authorized an additional $500 million for stock repurchases, bringing our total current authorization to $1 billion after repurchases made during the third quarter of 2026.

What changed vs last quarter

  • Guide midpoint vs latest-quarter revenue +9.6% computed from stated figures
General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

( MPS ) reported its results after market close on October 29, 2026 and will host a question-and-answer webinar at 2 00 p.m

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

Revenue: “Revenue in the range of $1,315 million to $1,385 million”

gross margin: “gross margin in the range of 55.2% to 55.8%”

operating expenses: “operating expenses between $334.0 million and $342.0 million”

tax rate: “tax rate of 15%”

Revenue (“the fourth quarter of 2026”)
“Revenue in the range of $1,315 million to $1,385 million”

gross margin (“the fourth quarter of 2026”)
“gross margin in the range of 55.2% to 55.8%”

operating expenses (“the fourth quarter of 2026”)
“operating expenses between $334.0 million and $342.0 million”

tax rate (“the fourth quarter of 2026”)
“tax rate of 15%”

Guidance stated in the release's Business Outlook table for the fourth quarter of 2026; no direction stated — figures as stated in the table.

Capital allocation

We repurchased $453.4 million of our stock in the third quarter, compared to $4.0 million in the second quarter of 2026.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Furthermore, in October 2026, our Board of Directors authorized an additional $500 million for stock repurchases, bringing our total current authorization to $1 billion after repurchases made during the third quarter of 2026.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Strategy & priorities

Our diversified market strategy remains unchanged MPS focuses on innovation and solving our customers most challenging problems.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Our diversified growth strategy is paying off, said Michael Hsing, CEO and founder of MPS.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Risks & headwinds

These forward-looking statements are not historical facts or guarantees of future performance or events, are based on current expectations, estimates, beliefs, assumptions, goals, and objectives, and involve significant known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from the results expressed by these statements.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

What changed vs prior quarter

Revenue — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Non-GAAP Operating expenses — prior quarter passage and this quarter's passage are both cited.

SEC original ↗Monolithic Power Systems — Earnings release (8-K exhibit)EX-99Oct 29, 2026

Documents

Earnings deck slides

0 decks with slide view

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Monolithic Power Systems — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Microsoft (MSFT) Information TechnologyTeradyne (TER) Information TechnologyASML Holding (ASML) Information TechnologyMicron Technology (MU) Information TechnologySeagate Technology (STX) Information TechnologyUnited Microelectronics (UMC) Information TechnologyCoherent Corp. (COHR) Information TechnologyCadence Design Systems (CDNS) Information Technology

Filings

73 documents

Earnings releases

85 documents

Presentations

10 documents

Transcripts

0 documents

No transcripts for Monolithic Power Systems are held in this edition of the library.

Mentioned by

3 companies

Other tracked companies whose held documents mention Monolithic Power Systems by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.