MONOLITHIC POWER SYSTEMS (MPWR) Company Report

FY 2025 revenue of $2.8 billion, up 26.4% YoY; Q4 2025 revenue of $751.2 million, +1.9% QoQ and +20.8% YoY
CFO Bernie Blegen to retire after 15 years; Rob Dean named Interim CFO
Quarterly dividend increased 28% to $2.00 per share; over 72% of free cash flow returned to shareholders in past three years
Book-to-bill > 1 in Q4, with backlog extending into Q2/Q3 2026, underpinned by strong enterprise data demand
Non-enterprise data end markets grew > 40% YoY; secured over $4.0 billion of geographically balanced capacity

1 day ago

Transcript

Monolithic Power Systems reports Q4 2025 earnings

MPWR

Earnings

CFO Change

Dividends

Monolithic reported FY2025 revenue of $2.8 billion, up 26.4% y/y, and Q4 revenue of $751.2 million, up 20.8% y/y and 1.9% q/q.
CFO Change: Bernie Blegen to retire after 15 years at MPS (10 as CFO); Rob Dean named Interim CFO.
Dividend increased 28% to $2.00 per share, with >72% of free cash flow returned to shareholders since 2023.
FY2025 segment growth: non-enterprise data +40% y/y, automotive +43% y/y; 2026 enterprise data growth guidance raised to ≥50%.
Sampled 800 V data center power solutions and launched 48 V eFuse and kilowatt-level zonal controller for automotive.

1 day ago

Transcript

Monolithic Power Systems reports Q4 2025 results

MPWR

Earnings

CFO Change

Dividends

MPS delivered record Q4 revenue of $751.2 M (+20.8% YoY) and full-year revenue of $2.8 B (+26.4% YoY).
CFO Change: Bernie Blegen announced his retirement after 10 years as CFO; Rob Dean will serve as Interim CFO.
Dividend: Quarterly dividend raised 28% to $2/share, with over 72% of free cash flow returned to shareholders via buybacks and dividends over the past three years.
Raised enterprise data growth outlook, targeting at least 50% growth in 2026, supported by a book-to-bill >1 and backlog extending into Q2/Q3 2026.
Non-enterprise data markets grew >40% YoY; record module revenue and new automotive solutions (48 V eFuse, kilowatt zonal controller) underscore a diversified growth strategy.

1 day ago

Transcript

Monolithic Power Systems reports Q4 2025 results

MPWR

Earnings

Guidance Update

Monolithic Power Systems delivered full-year 2025 revenue of $2.79 billion, up 26.4% year-over-year, with a GAAP gross margin of 55.2% and operating margin of 26.1%.
In Q4 2025, revenue reached $751.2 million, up 20.8% year-over-year and 1.9% sequentially; GAAP diluted EPS was $3.46.
On a non-GAAP basis, full-year 2025 net income was $858.4 million or $17.77 per diluted share, a 25.8% increase over 2024.
For Q1 2026, MPS forecasts revenue of $770 million to $790 million and will raise its quarterly dividend 28% to $2.00 per share.

1 day ago

8-K

Monolithic Power Systems reports Q4 and Full Year 2025 Results

MPWR

Earnings

Guidance Update

Record 2025 revenue of $2.79 billion, up 26.4% year-over-year; non-GAAP net income of $858.4 million and diluted EPS of $17.77, up 24.5% and 25.8%, respectively.
Q4 2025 revenue of $751.2 million, +20.8% YoY and +1.9% QoQ, with GAAP gross margin of 55.2% and non-GAAP gross margin of 55.5%.
Q4 2025 GAAP net income of $170.1 million (EPS $3.46) and non-GAAP net income of $235.3 million (EPS $4.79).
End-Q4 cash, cash equivalents and short-term investments of $1.256 billion and Q4 operating cash flow of $104.9 million, underscoring strong liquidity.
Q1 2026 guidance: revenue of $770 million–$790 million; GAAP gross margin of 54.9%–55.5%; non-GAAP gross margin of 55.2%–55.8%.

1 day ago

Press Release

Monolithic Power Systems announces Q4 2025 results and raises dividend

MPWR

Earnings

Dividends

Guidance Update

Revenue for Q4 2025 was $751.2 million, up 20.8% YoY, and full-year revenue was $2.79 billion, a 26.4% increase.
GAAP net income for Q4 was $170.1 million ($3.46 diluted EPS) and FY net income was $615.9 million ($12.75 diluted EPS).
The board approved an increase in the quarterly cash dividend from $1.56 to $2.00 per share, payable April 15, 2026, to shareholders of record March 31, 2026.
Q1 2026 guidance: revenue $770 million–$790 million, GAAP gross margin 54.9%–55.5%, and operating expenses $207.1 million–$213.1 million.

1 day ago

Press Release

MPS reports Q3 2025 record revenue and diversified wins

MPWR

Earnings

Guidance Update

Revenue Acceleration/Inflection

Achieved record Q3 revenue of $737.2 million, up 10.9% sequentially and 18.9% year-over-year, driven by growth across all end markets.
Secured new design wins, including a Tier 1 ADAS solution in automotive and its first full battery management system for a robotics platform, underscoring its shift toward system-level silicon solutions.
Raised Q4 2025 revenue guidance by ~1%, citing stronger-than-anticipated enterprise data and industrial market momentum carrying into early 2026.
Expects enterprise data segment to grow 30-40% in 2026, with the bulk of ramps in H2, and maintains a mid-55% gross margin outlook.

Oct 30, 2025, 9:00 PM

Transcript

MPS reports Q3 2025 earnings

MPWR

Earnings

Guidance Update

Record Q3 revenue of $737.2 M, up 10.9% QoQ and 18.9% YoY, driven by diversified end-market strength.
Q4 2025 revenue guidance up ~1% sequentially, underpinned by momentum in enterprise data and industrial segments.
Notable design wins include expanded ADAS solutions for automotive and first full battery management system for robotics, supporting transition to system-level offerings.
Gross margins remain in the mid-55% range, expected to stay steady (±20–30 bps) absent extended backlog visibility.
Enterprise data segment projected to grow 30–40% in 2026, with major ramps in H2 2026 from vertical power and module solutions.

Oct 30, 2025, 9:00 PM

Transcript

Monolithic Power Systems reports Q3 2025 results

MPWR

Earnings

Guidance Update

Record Q3 revenue of $737.2 million, up 10.9% sequentially and 18.9% year-over-year.
CFO highlighted strong momentum in enterprise data and industrial markets as new customer layering drives growth into Q4 and early 2026.
Secured key design wins: next-generation automotive ADAS solutions and first full battery management system for robotics, underscoring the shift to full-service silicon-based offerings.
Management expects gross margins to remain in the mid-55% range, constrained by short-term order visibility.

Oct 30, 2025, 9:00 PM

Transcript

Monolithic Power Systems reports Q3 2025 earnings

MPWR

Earnings

Guidance Update

Monolithic Power Systems reported Q3 2025 revenue of $737.2 M (up 10.9% QoQ; 18.9% YoY) and GAAP net income of $178.3 M (+33.3% QoQ), or $3.71 EPS.
Non-GAAP net income was $227.1 M, or $4.73 EPS, reflecting a 12.3% QoQ and 14.3% YoY increase.
All end markets saw YoY growth, led by Storage & Computing (+29.6%) and Automotive (+36.1%).
Cash, cash equivalents and short-term investments totaled $1.27 B, and operating cash flow was $239.3 M in the quarter.
For Q4 2025, MPS forecasts revenue of $730 M–$750 M and non-GAAP gross margin of 55.2%–55.8%.