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Nasdaq · Technology

MONOLITHIC POWER SYSTEMS, INC. (MPWR)

As-reported financials and SEC filings for MONOLITHIC POWER SYSTEMS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About MONOLITHIC POWER SYSTEMS, INC.

Monolithic Power Systems Inc designs and manufactures power semiconductor solutions. The company provides integrated circuits for power management used in various electronic devices. It serves customers in industries such as computing, communications, automotive, and industrial equipment.

Snapshot

Revenue
$2.79B
Revenue growth (YoY)
26.4%
Net income
$621.5M
Diluted EPS
$12.86
Gross margin
55.2%
Operating margin
26.1%
Net margin
22.3%
FCF margin
23.9%
ROE
17.6%
net income / fiscal-year-end equity
P/E
73.2×
trailing when available, otherwise FY EPS
Market cap
$59.16B
Long-term debt / equity
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Monolithic Power Systems

  • Revenue grew 26.4% to $2.8B in FY2025, faster than the 21.2% the year before.
  • Operating margin is 26.1% in FY2025, +4.4 pp against 21.7% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $981M, up 47.6% from Q2 FY2025.
  • Free cash flow was $666M in FY2025, 23.9% of revenue.
  • Net income fell 61.0% to $621M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Monolithic Power Systems’s fundamentals sit among the 88 semiconductor companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin55.2%
75th percentile of 78
Operating margin26.1%
87th percentile of 79
Net margin22.3%
85th percentile of 80
FCF margin23.9%
87th percentile of 78
Revenue growth (YoY)+26.4%
70th percentile of 88
ROE17.6%
81st percentile of 74
P/E73.2×
74th percentile of 44
Short interest2.73d
48th percentile of 88

Monolithic Power Systems’s operating margin of 26.1% ranks in the 87th percentile of the 79 semiconductor companies reporting it. Monolithic Power Systems’s FCF margin of 23.9% ranks in the 87th percentile of the 78 semiconductor companies reporting it. Monolithic Power Systems’s net margin of 22.3% ranks in the 85th percentile of the 80 semiconductor companies reporting it.

No reported insider purchases (code P) in the last 90 days; 25 insider sales totaling $20.7M. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+6 quant / multi-strat
Initiated / added
7
3 new, 4 added
Reduced / exited
2
2 trimmed, 0 exited
Combined position
$703.6M
reported long value
InvestorAs ofPosition valueSharesChange
Two Sigma InvestmentsquantQ2 2026$263.3M190.5KAdded
Millennium ManagementquantQ2 2026$189.2M136.8KNew
Citadel AdvisorsquantQ2 2026$87.8M63.5KAdded
Renaissance TechnologiesquantQ2 2026$87.2M63.1KNew
AQR Capital ManagementquantQ2 2026$33.8M24.9KReduced
Gotham Asset ManagementQ2 2026$33.0M23.9KAdded
Bridgewater AssociatesQ2 2026$4.3M3.1KReduced
D. E. ShawquantQ2 2026$4.2M3.0KAdded
Maverick CapitalQ2 2026$819,739593New

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
25
$20.7M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-24
filed 2026-08-25
CHANG KUO WEI HERBERTDirectorSell50$1281.57$64K
2026-08-24
filed 2026-08-26
DEAN ROBERT W IIInterim CFOSell32$1297.72$42K
2026-08-17
filed 2026-08-19
DEAN ROBERT W IIInterim CFOSell6$1413.64$8K
2026-08-11
filed 2026-08-13
CHANG KUO WEI HERBERTDirectorSell50$1420.00$71K
2026-08-05
filed 2026-08-06
DEAN ROBERT W IIInterim CFOSell105$1344.27$141K
2026-08-03
filed 2026-08-05
Sciammas MauriceEVP, WW Sales & MarketingSell30$1343.94$40K
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell5.6K$1352.95$7.6M
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell1.9K$1344.16$2.5M
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell1.5K$1348.91$2.0M
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell1.5K$1339.59$2.0M
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell776$1334.59$1.0M
2026-07-15
filed 2026-07-17
Sciammas MauriceEVP, WW Sales & MarketingSell527$1314.03$692K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
1.8M
settled 2026-08-14
Change vs prior
-13.4%
vs previous settlement
Days to cover
2.73
at avg daily volume
Avg daily volume
672.6K
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-141.8M-13.4%2.73
2026-07-312.1M-13.6%2.13
2026-07-152.5M+11.0%2.67
2026-06-302.2M-5.7%1.50
2026-06-152.3M+1.2%3.04
2026-05-292.3M+17.4%3.27
2026-05-152.0M+14.8%3.07
2026-04-301.7M-5.7%2.76

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$2.79B$2.21B$1.82B$1.79B$1.21B
Gross profit$1.54B$1.22B$1.02B$1.05B$685.5M
Operating income$728.6M$539.4M$481.7M$526.8M$262.4M
Net income$621.5M$1.59B$427.4M$437.7M$242.0M
Diluted EPS$12.86$32.60$8.76$9.05$5.05

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$1.10B$691.8M$527.8M$288.6M$189.3M
Current assets$2.18B$1.57B$1.82B$1.41B$1.12B
Total assets$4.19B$3.52B$2.43B$2.06B$1.59B
Current liabilities$369.4M$294.6M$235.0M$263.4M$226.9M
Long-term debt
Total liabilities$662.7M$564.7M$384.4M$390.3M$341.8M
Total equity$3.53B$2.95B$2.05B$1.67B$1.24B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$838.2M$788.4M$638.2M$246.7M$320.0M
Capital expenditure$172.0M$146.1M$57.6M$58.8M$94.4M
Free cash flow$666.2M$642.3M$580.6M$187.8M$225.6M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$980.6M47.6%$257.3M$5.22
Q1 FY2026$804.2M26.1%$193.2M$3.92
Q4 FY2025$751.2M20.8%$171.7M$3.49
Q3 FY2025$737.2M18.9%$179.8M$3.74
Q2 FY2025$664.6M31.0%$135.0M$2.81
Q1 FY2025$637.6M39.2%$135.1M$2.81
Q4 FY2024$621.7M36.9%$1.25B$25.87
Q3 FY2024$620.1M30.6%$144.4M$2.95

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorTechnology
SIC industrySemiconductors & Related Devices
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2019
SEC CIK1280452

Selected SEC filings

10-K2026-02-27
View on EDGAR →
10-K2025-03-03
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-04
View on EDGAR →
10-Q2025-11-05
View on EDGAR →
10-Q2025-08-04
View on EDGAR →
8-K2026-07-30
View on EDGAR →
8-K2026-06-12
View on EDGAR →

Largest semiconductor peers

All semiconductor stocksAll Technology companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.