
Monolithic Power Systems, Inc.
NASDAQ•MPWR
CEO: Mr. Michael R. Hsing
Sector: Technology
Industry: Semiconductors
Listing Date: 2004-11-19
Monolithic Power Systems, Inc. engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications. It offers lighting control ICs for backlighting that are used in systems, which provide the light source for LCD panels in computers and notebooks, monitors, car navigation systems, and televisions, as well as for general illumination products. The company sells its products through third-party distributors, value-added resellers, directly to original equipment manufacturers, original design manufacturers, electronic manufacturing service providers, and other end customers. It serves China, Taiwan, South Korea, Europe, Japan, Southeast Asia, the United States, and internationally. Monolithic Power Systems, Inc. was incorporated in 1997 and is headquartered in Kirkland, Washington.
Contact Information
5808 Lake Washington Boulevard NE, Kirkland, WA, 98033, United States
425-296-9956
Market Cap
$44.08B
P/E (TTM)
23.3
70.3
Dividend Yield
0.6%
52W High
$1.12K
52W Low
$438.86
52W Range
5.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$737.18M+18.88%
4-Quarter Trend
EPS
$3.72+25.68%
4-Quarter Trend
FCF
$198.75M+0.44%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Revenue Growth Nine months revenue hit $2.04B, marking a strong 28.6% increase driven by higher shipment volume across markets.
Quarterly Net Income Jump Q3 Net Income reached $178.3M, showing substantial 23.4% growth compared to the prior year period results.
Strong Cash Position Total cash and short-term investments increased to $1.27B as of September 30, 2025, bolstering liquidity.
Diluted EPS Improvement Diluted EPS for the quarter was $3.71, significantly exceeding the $2.95 reported in the third quarter 2024.
Risk Factors
Macroeconomic Headwinds Persist Industry faces inflation, tariffs, and geopolitical tensions; extent and duration of impact remain uncertain for operations.
Gross Margin Slight Compression Q3 Gross Margin slightly compressed to 55.1% due to unfavorable product mix shifts during the quarter.
Forecasting Accuracy Challenge Long supply chain lead times (16-26 weeks) make accurate forecasting of orders and expenses challenging.
Shareholder Litigation Exposure Facing shareholder class action and derivative suits; defense requires significant expenditure of funds and resources.
Outlook
Sufficient Liquidity Forecast Cash balances of $1.27B, plus operating cash flow, expected to satisfy liquidity requirements for at least next 12 months.
Capital Return Program $495.3M remains authorized for stock repurchases under the program extending through February 2028.
R&D Investment Focus R&D expenses increased to 14.1% of revenue for nine months, supporting core design and product development strengths.
Future Tax Evaluation Evaluating impact of OECD GLOBE Model Rules guidance on the Company's future global tax provision.
Peer Comparison
Revenue (TTM)
XYZ$23.97B
ASX$19.45B
NXPI$12.05B
Gross Margin (Latest Quarter)
EA75.5%
GRMN59.1%
NXPI56.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| STX | $54.87B | 32.1 | -282.7% | 59.2% |
| WDC | $54.81B | 21.3 | 34.8% | 32.6% |
| EA | $50.15B | 56.8 | 13.7% | 12.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+5.8%
Steady Growth
4Q Net Income CAGR
-50.3%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $737.18M+18.9%|EPS: $3.72+25.7%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 4, 2025|Revenue: $664.57M+31.0%|EPS: $2.79+35.4%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 5, 2025|Revenue: $637.55M+39.2%|EPS: $2.80+47.4%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 3, 2025|Revenue: $2.21B+21.2%|EPS: $36.76+309.4%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $620.12M+30.6%|EPS: $2.96+16.5%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 2, 2024|Revenue: $507.43M+15.0%|EPS: $2.06-1.9%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 3, 2024|Revenue: $457.89M+1.5%|EPS: $1.90-18.1%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $1.82B+1.5%|EPS: $8.98-4.2%Miss